After a car accident, you may be wondering how much compensation you can expect from the insurance company or the party responsible for the crash. The answer is not that simple, as it depends on the particulars of your case. Many factors affect the amount of money you can recover after filing a car accident claim.
First, your damages or the harm and losses arising from the crash directly influence the value of your claim. The greater your damages, the more compensation you are entitled to. You may claim damages like present and future medical costs, lost wages, pain and suffering, emotional anguish and a reduced quality of life.
Your level of fault also matters
If you played a part in the crash, your contribution to the accident will reduce the compensation you can recover. For instance, if you were 40% to blame, you can only recover 60% of your damages. It’s also worth noting that you are legally barred from recovering any damages if your level of fault exceeds the other party’s.
Insurance coverage
The insurance coverage available could determine how much you can recover for your damages. If the other party has insufficient or no insurance coverage, you may have to rely on your uninsured or underinsured motorist coverage to pay for your losses.
Essentially, there is no definitive answer to how much you can recover after a car crash. Learning more about your rights as a car accident victim, the damages you are entitled to and how the settlement process works can help you avoid lowball offers.
Most importantly, consider seeking qualified legal guidance to get an informed estimate arrived at by assessing the strength of your claim and other underlying aspects that may influence the final settlement.