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How to Calculate a Car Accident Settlement

Wondering how much a car accident settlement is? There is no definite answer for this; however, the payment could be much more than it seems. The injury claim is the most crucial aspect of the insurance claim process before getting into a lawsuit.

Nevertheless, hiring a car accident lawyer after a car accident is considered a wise decision, although one may feel the need to save on lawyer fees in minor accidents by handling the issues themselves. It’s essential to do thorough research when a person decides to represent themselves on how best to handle the settlement.

Read on to learn how Robert J. DeBry & Associates lawyers calculate a car accident settlement.

 

What Information Is Needed to Calculate A Car Accident Claim

Typically, the settlement compensation is equal to the total cost of injuries and car repairs accrued. When calculating car damage, it is essential to pay attention to details that should be accounted for, including the initial car cost. The car condition at the time of the accident is crucial not leaving the mileage. Additionally, it is essential to note the prices of each spare part needed rather than generalizing all costs into one figure.

Calculating injuries could be very hectic since there is no market value for a specific injury. Furthermore, the effects of injuries can be over a long time, varying from one person to another. Once the car accident lawyer has collected all the necessary information, they will use a formula to calculate the settlement value, considering the multiplier and other factors.

Ultimately, the accuracy of a car accident settlement will vary depending on the information provided. To better understand how this formula works, it’s best to involve a car accident lawyer to elaborate and break down each step. Contact Robert J. DeBry & Associates to walk the settlement process. Call +1 (801) 699-9999 to contact us! 

 

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