How Does a Car Accident Settlement Process Work?Β 

A car accident can be a very traumatizing and shocking experience. If you have been involved in a car accident, you want your settlement process to go as smoothly as possible. For that, it is important first to understand how the settlement process works. Contact a car accident attorney Rockford to know more about your car accident claim. 

What is a car accident settlement? 

When you decide to settle your case outside of court, you accept an amount of money while giving up your right to a jury trial. After accepting the settlement money, you cannot demand any more from the other party, even if your situation changes. 

However, an out-of-court settlement is usually preferable to a trial, as it takes less time to resolve and also costs less. 

Factors that affect the settlement value

The amount of settlement money you receive depends on a lot of factors. Some of these factors may be: 

  • How severe are your injuries?
  • How severe the accident was 
  • Your medical treatments 
  • Your medical bills 
  • The available insurance 
  • The long-term effects of the accident 
  • Property damage caused by the accident 
  • Your motorist coverage 
  • How much of the accident was due to your fault 
  • How many people were involved in the accident 

How does a car accident settlement process work? 

The car accident settlement process has several steps, which are: 

  • Filing a personal injury claim

When the other driver is at fault for the car accident, you can recover damages through a personal injury claim. Some of the damages that you may be able to recover are: 

  • Medical bills 
  • Cost of repairing the vehicle 
  • Lost wages from missing work 
  • Reduced earning capacity 
  • Disability 
  • Pain and suffering 
  • Emotional and mental anguish 
  • Reduced quality of life 
  • Investigation of the accident 

After your claim is filed, the at-fault driver’s insurance providers will investigate the accident. Make sure also to present all the evidence that you may have. 

  • The claim is either approved or denied. 

After investigation, you will either get an agreement or denial notice from the insurance company. 

  • Settlement negotiations or lawsuit 

It is important to have an experienced lawyer on your side, as they can help you know if you are receiving a fair settlement if the claim is approved, or they can help you file a lawsuit if the claim is denied. 

Have you been in a car accident recently? 

If you or a loved one has recently been involved in a car accident, you may be confused about what you should do next. Reach out to an experienced car accident attorney and figure out what steps to take next. 

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