Settlements and the Auto Accident Attorney

Settlements between you and your insurance company are not always set in stone, no matter what your insurance company says. If you have been in a car accident, you may want to contact an auto accident attorney to protect your settlement amount.

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Damage to Your Vehicle

If your car sustained the only damage, your insurance company will generally cover the cost of repairs or replacement. This is based on reasonable costs. If the cost of repairs is greater than the car’s value, the insurance company may “total” your vehicle. You’ll be paid the depreciated value of your car, not the actual cost of replacement.

Injuries to You or a Passenger

Personal injury is negotiated separately from vehicle damage. Your compensation is determined by total medical bills, loss of wages, and nature and extent of your documented injuries.

Pain and Suffering

This factor will compensate you for your past and future issues with pain and suffering. Medical reports strongly influence the compensation amount you receive for pain and suffering. You must complete your medical treatment before submitting your claim to the insurance company. Your doctor will release you from care or declare you “permanent and stationary.”  This means no further improvement is anticipated.

If your doctor determines you need future treatments, these have to be included in your settlement. It is very important that you contact a auto accident attorney BEFORE you sign your settlement agreement. Once signed, you lose your rights to ask the insurance company for more compensation.

Insurance Policies, Limits and Settlements

Your policy limits are set when you purchase your car insurance. The insurance company will not pay more than these limits, even if your damages are over that limit. For instance, if the cap is $20,000 but your damages were $25,000, you may receive $20,000, but no more. If you want to collect the difference, you can sue the other driver. If the other motorist is uninsured, you will need to sue the other driver.

Insurance companies do not always play fairly. They may refuse to pay or will offer you less than your claim. In this instance, you may need to hire an auto accident attorney. There is a statute of limitation on car accident claims, so don;t wait.

Can I Afford An Auto Accident Attorney?

Your initial consultation with Hoag Law Firm is free.

About Brian Hoag

Hopefully, you will never be in a position in which you need the legal services of a Tampa personal injury lawyer that specializes in auto accidents, but in the event that you do, please give Hoag Law Firm a call or complete your online Free Case Evaluation. A free consultation can help you understand your rights. With honest advice and an experienced attorney at your side, you can recover the largest possible settlement and get back to living your life.


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