How do I know if my auto accident settlement is fair?

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Question:

How do I know if my auto accident settlement is fair?

Answer:

An auto accident settlement is a way to get compensate for a car accident outside of the court system. The car insurance company for the responsible driver will offer an auto accident settlement when it accepts that its insured is at fault (or is afraid a jury will find the insured at fault) because the insurer won't want to take a chance of the jury coming back with a very large verdict. If you are involved in a car accident and are offered a settlement, it is essential you know whether you have been offered a fair auto accident settlement or not, so you can determine whether or not to accept.

To understand whether your auto accident settlement is fair, consider:

  • Are you being fully compensated for all of your injuries? In court, you would be compensated for pain and suffering and emotional distress for what you went through, in addition to receiving compensation for actual losses such as medical bills or lost wages. If the settlement offer doesn't cover all or most of these things, then you may want to think twice before accepting it
  • How strong is your case? If you are confident you can prove that the other driver is at fault and that your damages were severe, you are more likely to get a large verdict in court... and your settlement should be higher. 

It is also important to have any settlement reviewed by an experienced car accident lawyer. Your attorney can tell you whether you have been offered a fair auto accident settlement based on your situation and can help you to get a better one if the offer was too low. 

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