The average cost of a car accident settlement is not an easy question to answer. The settlement figure can be a reasonable estimate based on the facts of your particular case. It is not going to be a rough estimation of the overall compensation you will receive. Average cost of a car accident settlement refers to the expected money that will be recovered by the defendant from his insurance company following an accident. This figure is usually an average, and there are factors that can raise or lower the settlement amount.
Factors that can raise or lower the settlement amount
The best way to prepare for the WPB car accident lawyer meeting is to have as much information about the process of settlement in advance as possible. Do not hesitate to ask questions or request more details regarding the payment process. Get the names of the various insurance companies, their telephone numbers and addresses. Take along your car accident lawyer as he/she will guide you through the proceedings. You should also know about the types of settlements that are available, and whether your state has laws that allow you to choose from the available options.
Insurance companies are always willing to settle out of court because it is cheaper to do so rather than go to trial. They would rather accept less compensation than risk going to trial and having to take their case to court. Your car accident settlement may be affected by other issues such as the type of damage to be expected, the amount of any lost wages, the length of time needed to recover from your injuries, the amount of any future medical expenses you may have to pay and so on. You should keep all these points in mind while discussing your settlement with the insurer. For instance, if you had an airbag installed in your car, it will obviously be worth more as a settlement claim. Similarly, if the damages were so severe that you are unable to work, the settlement amount will be higher.
However, there is one thing to keep in mind. There is one thing that your car accident lawyer can do for you that you cannot do yourself. This is preparing a Will. This is an essential legal document that will allow your family to take care of your last assets in case you die. Your lawyer can draft a Will after consulting you, but it is wise to have a say in the matter as well.