Because no two motor vehicle accidents are exactly alike, it’s essential to understand the factors that can influence a car accident settlement. One of the most crucial is whether or not the at-fault party has adequate insurance coverage. If they are underinsured or driving without insurance, it can be challenging to recover for your damages and losses, especially if you have sustained serious injuries.
In all cases, it’s best to seek legal counsel. At Friedman, Levy, Goldfarb, Green & Bagley, if you’ve been hurt due to the negligence of another party, we are prepared to leverage our considerable resources and experience to fight for your right to a fair and reasonable damages award. If you have questions about car accident settlement and compensation, our team is ready to help. We invite you to call us to arrange a consultation at no cost to you. Our personal injury attorneys will aggressively pursue all possible avenues to obtain the compensation you deserve.
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1. Insurance plays a crucial role in car accident settlements
As noted above, the existence of liability insurance coverage could dramatically impact the value of a settlement. If the other driver has ample coverage and your case for negligence is strong, you may be able to recover an award that pays for all of your losses. If the at-fault driver has a low policy limit or lacks insurance, getting the full value of your claim could be more challenging. However, New York has “no-fault” insurance rules. You’ll be required to recover benefits from your car insurance policy first, regardless of who caused your accident. It will reimburse you for medical expenses and wages up to policy limits.
2. The severity of your injuries is another important consideration for car accident settlements
In most cases, severe injuries such as traumatic brain injury, disfigurement, or permanent scarring often result in a larger settlement. The victim will likely be unable to work for an extended period of time and thus cannot provide for themselves or their families. In addition, they often suffer from chronic pain, depression, and other symptoms of trauma.
If your injuries are serious, as defined by state law, you have an opportunity to step outside of the no-fault system and pursue legal action against the responsible party. You could be eligible to recover for economic damages, i.e., medical expenses, lost wages, and non-economic damages, such as pain and suffering.
Our experienced car accident lawyers in New York City could help you pursue the compensation you deserve.
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3. Be wary of the statements you make after an accident
Avoid apologizing, even if it’s a general statement such as I’m so sorry this happened; this may be used against you when determining fault. If you are asked to make a statement to the police or your medical provider, state only the facts as you can remember them without admitting fault or assigning blame to the other party. Finally, it is not in your best interests to provide an insurance claims adjuster with a written or recorded statement without first speaking to an attorney.
Contact Friedman, Levy, Goldfarb, Green & Bagley for a free consultation
There is no question that your choice of lawyer can significantly impact your car accident case. Our firm was founded on the principle that all people are entitled to competent, trustworthy, and aggressive legal representation. We have won millions of dollars in awards for injured clients to cover medical bills, lost wages, pain, suffering, and rehabilitative care. Contact us today for a free consultation. We will be happy to advise you of your right and opportunity to recover compensation for your losses.
