In a car accident insurance claim, many injured drivers wonder how much they will receive at the end of this ordeal. And this doesn’t necessarily come from a place of greed or anything of the sorts. However, when a car accident leaves you with a pile of medical bills and, perhaps, even life-long repercussions, it’s natural to focus on how much the insurance claim will pay out, and see if it will be enough to help you get through this situation.
So, what’s the maximum settlement you can receive in a Missouri car accident claim?
The Art of Calculating a Settlement
You’d think that given the prevalence of both car accident and insurance claims, that there would be a strict rule on how to calculate a settlement. Except, there isn’t one. The entire idea of settling is something that lies within your power, the victim. You can accept an initial offer made by the insurance company, or you can fight to get more. When they make an offer that seems fair, you accept the settlement.
There are some specific factors that will go into calculating the settlement, such as:
- The damages, and how much they cost
- Lost wages
- Medical bills, etc.
Some costs are very black and white, such as the costs of medical treatment or car repairs. The bills themselves show the financial damage the car accident caused. But some costs aren’t as clear and need to be estimated. For example, if the car accident left you with emotional trauma, that can interfere with your personal life. Apart from any treatment you may require, such as therapy, the trauma can also cost you in terms of your quality of life. And how can you put a price on that?
What It All Comes Down to
There isn’t necessarily a “maximum settlement” when it comes to a car accident. The amount you will receive at the end of the process is the direct result of negotiations between two sides: you and the insurance company.
This is why you should really speak with a St. Louis car accident lawyer. Your settlement should be reflective of all the damages and costs the car accident has created, even the ones the seem impossible to put a price on. An experienced lawyer can help you figure out an acceptable figure, to help you get through this situation, and negotiate with the insurance company in order to get it in the end.
Without a lawyer, you may fall prey to various tricks insurance adjusters routinely use to get victims to accept low-ball settlements.
What Should You Do?
Have you been involved in a car accident? Reach out to a St. Louis auto accident lawyer for additional information on how to get properly compensated. Car accident cases can differ greatly, so you should get an expert opinion based on your situation.