How Much Money Do You Get from a Car Accident Settlement?
Getting into an auto accident, even a minor one, is never a pleasant experience. Whether you have medical bills piling up, are missing time from work, or your car has been in the shop for months, the financial burdens are enough to make you despair. You probably want to know: How much money do you get from a car accident settlement?
Do not worry. The award-winning attorneys at The Florida Firm are here to help. We want to guide you throughout the process, so you can learn how much money you could get from a car accident settlement.
Factors That Affect Settlement Amounts
How much money you get from a vehicle collision claim depends on the unique merits of your case. The severity of your injuries, the extent of your medical bills, and your level of contribution to the accident are all taken into account when determining the amount of compensation we can negotiate on your behalf. Additional factors, such as lost wages, pain and suffering, and property damage, also influence an insurance company’s settlement offer.
State Mandatory Auto Insurance
Another important factor that determines the amount of money you could get from a crash settlement is Florida’s mandatory auto insurance rules. Due to our state’s no-fault system, each motorist must have personal injury protection coverage of at least $10,000 per person, per accident, and property damage liability limits of no less than $10,000 per accident.
Bodily injury liability policies are not mandatory for most drivers, and your policy’s minimum coverage may not be enough to reimburse you for your losses. In that case, it may be possible to sue the other driver for damages exceeding your policy limits. However, because of the State’s comparative negligence rule, if you are found to be more than 50 percent at fault for the collision, you may not be entitled to any money.
The Statute of Limitations
While the statute of limitations does not determine how much money you could be awarded in a car wreck case, it does determine your ability to file a claim. You and your attorney have two years from the crash date to file a personal injury lawsuit. There are no exemptions to this law, even if you experienced a lengthy recovery. Therefore, it is important to act quickly to secure a favorable settlement.
Contact Our Experienced Attorneys to Discover the Amount of Compensation You Could Receive After a Car Crash
Most of our cases come from other attorneys who refer their clients to us. Find out how our professionalism and confidence have led to successful outcomes for crash victims like you. Our dedicated personal injury attorneys possess the skills you need, and with decades of experience serving the community, we fight for the justice you deserve. If you want to know how much money you could get from a car accident settlement, contact us today and get answers to your questions.
