Obviously there are a lot of variables to take into account when it comes to calculating this. but usually if you have medical bills, lost wages, and mental anguish, that would equate for at least $100k. if the accident led to long term disability or death–things can quickly skyrocket. you may want to see about hiring legal counsel in this matter.
will car insurance pay for pain and suffering?
no.
car insurance does not cover pain and suffering, which means an injury caused by car accidents does not give the victim the right to sue the driver of the other car for financial damages associated with that injury. insurance companies compensate for objectively quantifiable events like vehicle repair or replacement, medical care after an accident, lost wages due to missed work time, etc., but do not compensate for emotional occurrences like anxiety disorders or mental anguish after injury. a $1 million dollar settlement is less than $20/hour if you break it down over the course of an adult's lifetime so you don't see any lawyers getting rich off of settlements alone. lawsuit funding uses this information about how much money is out there in order to fund lawsuits
how is pain and suffering calculated after a car accident?
it's difficult to say without more information about the accident and injuries sustained, but there are some general standards.
if you're in a car accident where there is physical contact between two or more automobiles, it will typically take an adjuster 48-72 hours to conduct the preliminary discovery calls with police officers, traffic analysts at the scene of the wreck, physicians who treated you at emergency rooms or hospitals for your injuries, people involved in the collision that may know what was said at that time. after this period of time has elapsed they should have turned up enough information to give you a ballpark range for how much your claim could be worth.
what is a reasonable settlement for pain and suffering?
the basis for a settlement ranges from $1,000 to $2.5 million or more, and is dependent on the person and what they've been through legally.
depending on your case, we take into account many factors such as severity of injury/harm sustained and whether there was criminal negligence causing it. for example, if you get hit by a drunk driver driving at night with no headlights activated (he was found guilty), then the drunk driver would be ordered to pay higher legal compensation for pain and suffering than if you slip in wet tile flooring at home where there were no physical signs leading up to the accident indicating any body of water below like a leaky pipe that could have caused wet floors beneath. obviously these examples
how much money do you get from a car accident settlement?
a car accident settlement typically ranges from $5,000 to $500,000 for a minor injury or up to $1 million if it's major.
car accidents are one of the most expensive liability claims that can be made on your policy. for this reason, each vehicle owner is expected to carry what’s called personal injury protection (pip) coverage on their own policy. it’s not always required but it's good for anyone who gets into an accident regardless of the severity of the injuries because you want to make sure you have people take care of your medical needs following any auto collision. typically, there are different severities of pip coverage also found within every state with notice being highlighted in all accompanying
