I was in a car accident last week and my car was totalled. The other driver (a 17 year old) was at fault. I know from the accident report that he was given a summons or ticket but not what exactly. I refused the ambulance but the police put me down as injured and had my sister took me to our local ER. I was diagnosed with a sprained thumb, and contusions from the seat belt. They took several x-rays but thankfully nothing was broken.
What is a car accident settlement?
Car accident settlements are intended to cover the losses a crash victim experienced. Typical car accident settlement amounts are based on: The coverage of insurance available and a determination of who is at fault will also affect the average car accident settlement.
How much does a car accident cost?
According to the Centers for Disease Control and Prevention, the monetary damages from collisions are substantial, with deaths from traffic crashes alone costing $55 billion per year in collective medical and lost wage costs. Accident victims need to understand their rights when car crashes occur.
What happens when liability is clear in a car accident?
When liability is clear in a collision, this can result in a larger settlement. The insurer representing the driver who is at fault for the crash will accept responsibility and likely provide a reasonable settlement offer with the goal of avoiding a lawsuit. If fault is uncertain, no settlement may be forthcoming or a settlement offer may be lower.