How Much Does A Hit-And-Run Settlement Cost?
How Much Does a Hit and Run Settlement Cost?
The answer to this question depends on many factors, including the type of injury you suffered and whether or not you have been able to recover from the damages you sustained. A good personal injury lawyer can assist you in determining the value of your case and negotiating with insurance companies. They can also file a lawsuit in court if the insurance company fails to pay you the full settlement amount they deserve.
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Liability
A car accident claim is based on liability, which refers to the at-fault driver’s car insurance policy and the underlying policy limits. Minimum liability coverage varies by state, so your settlement amount will depend on what the maximums are for your particular state.
Damages to Property
The costs of repairing your vehicle or replacing your possessions after a crash can be quite significant. This includes costs to replace damaged items and even the cost of hiring an accident reconstruction expert. It’s also important to take into account any additional expenses that may arise as a result of your injuries, such as lost wages or pain and suffering.
Medical Costs and Injuries
The medical costs of an injury, such as whiplash, can be high, especially if you require extensive treatment. In addition to the medical bills you incur, you’ll have to factor in any additional expenses related to your injuries, such as prescriptions and adaptive equipment.
Losses to You and Your Family
If you are a victim of a hit-and-run accident, you may be able to pursue compensation for your injuries from the liable party’s estate. This can include funeral expenses, loss of consortium, and other damages.
In some cases, the liable party may be found guilty of punitive damages, which are designed to penalize them for their negligence and provide your damages with an extra boost. This is a rare outcome, but it could dramatically increase the value of your settlement.
A Concussion or Brain Injuries
The average settlement for a brain injury ranges from $20,001 to $3,000. These amounts are often significantly higher than those for spinal cord injuries, which can be between $200,000 and $5 million.
Regardless of your injury, you should consult with an experienced personal injury attorney as soon as possible. They can help you gather evidence that supports your claims and build a strong case.
How Serious Were Your Injuries?
You should expect a larger settlement if your injury is serious or permanent, as it will have a larger impact on your quality of life. This can include things like long-term hospital visits, physical therapy, or even a permanent disability that prevents you from working.
What’s the Range of a Whiplash Settlement?
If you have been injured in a car accident, your legal team will work with the at-fault party’s insurance company to estimate the amount of money they will pay you for the damages you’ve incurred. Your lawyer will then use this range to negotiate with the insurance company and try to settle your case without filing a lawsuit or going to trial.