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How is the Settlement Amount of a Car Accident Calculated?

When a car accident occurs, the severity of the damages and injuries determine the settlement amount. This amount is calculated with the help of a car accident lawyer. At Robert J. DeBry & Associates, we aim to help you understand the process for deciding a settlement amount.

Extent of Damage

The first factor considered when calculating the settlement amount of a car accident is the extent of the damage. The cost of car repairs, medical bills, and any wages lost due to time off from work impacts the extent of the damage. 

Severity of Injuries

The severity of the injuries sustained from the accident affects the settlement amount.  Minor injuries, such as bruises and scrapes, may not improve the settlement amount. Serious injuries, such as broken bones, potentially increase the settlement amount. The car accident lawyer and the insurance company consider the injuries’ severity and the medical bills when determining the settlement amount.

Amount of Fault

The car accident lawyer and the insurance company usually determine who is at fault by evaluating the attributed fault of each driver. If one driver is more at fault than the other, then the settlement amount will be higher for the driver who was less at fault.

Amount of Insurance Coverage

The amount of insurance coverage each driver had at the time of the accident must be considered to calculate the settlement. If a driver had more insurance coverage than the other driver, the settlement amount of the car accident would be higher for the driver with the more comprehensive coverage. The car accident lawyer and the insurance company consider each driver’s insurance coverage when calculating the settlement amount.

At Robert J. DeBry & Associates, we understand the stress and financial burden that car accidents can cause. We take a personalized approach to each case to provide the best service and get the best settlement amount possible. We use our knowledge and expertise to evaluate your case and develop the best strategy for obtaining a favorable outcome. Our experienced team proudly represents you as your car accident lawyer in Utah. 

By |2023-01-16T14:40:27-06:00December 31st, 2022|car accident lawyers|0 Comments

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