If you have been in a Georgia car accident, chances are that you may need to get a reasonable sum of money quickly to pay for your injury and medical expenses. But know that it is vital to ensure that you get a substantial settlement that covers the full value of your current and future damages.
Before we go further, you will need to understand the exact worth of your claim. If you don’t know the worth of your claim, the at-fault party’s insurers can get away with giving you less money.
You cannot make an exact prediction of the cost of your future damages in a Georgia car accident. Every accident case is different. However, several factors play a role and can help you make an estimated cost.
How Is the Value of a Georgia Car Accident Claim Calculated?
To know precisely about the accident claim, it is essential to understand how the insurance companies calculate these claims. Several factors are taken into consideration when an insurance adjuster reviews the injuries.
Some of these factors that can affect your claim’s value may include:
- The seriousness of the injury
- If you were at fault in the accident in any way
- The average medical costs for the type of injuries you sustained
For instance, head trauma may be worth more than a broken arm as it is a more severe injury and requires a longer recovery. It also has a greater impact on the victim’s life.
In this situation, you can take the help of an expert attorney who will guide you in detail about the process and the worth of your claim.
Process of Settlements Calculation and How Can a Georgia Auto Accident Attorney Can Help
Even after the victim submits the actual medical bills, they may be surprised to learn that they are offered a settlement that is less than what is owed. This situation usually happens because compensation adjusters use formulas and averages to determine how much a particular type of injury might cost.
Some of the most common injuries that individuals suffer in a car accident include:
- Spinal cord damage
- Brain injury
- Tissue damage
- Neck injury
- Permanent Disability or Paralysis
- PTSD, and more.
If you or a loved one was injured in a car accident, and the at-fault person or insurance company is not giving you the right amount of money that you deserve, then call a car accident lawyer right away. A good attorney can help you considerably in getting a reasonable settlement.
How Much Compensation You Could Expect from a Car Accident Settlement?
The value of a car accident settlement depends on the severity of your injuries. The at-fault party’s auto insurance policy limits can also impact your settlement.
One of the usually occurred injuries in a car accident can be whiplash. Even though it is ubiquitous, it makes your claim tricky because it is hard to document. Moreover, its symptoms also tend to delay.
Whiplash is considered a “minor injury.” The average settlement for this injury may fall between $10,000 and $25,000. For some moderate cases, it may also land between $2,500 and $10,000.
Long-lasting injuries often require extensive physical therapy or surgery. It could be anything from a broken bone to torn ligaments. These injuries might secure a settlement of anything between $50,000 to $75,000. However, it all depends massively on the accident.
Spinal injuries that don’t result in paralysis but still require the need for surgery or therapy would normally secure compensation between $75,000 to $100,000.
A brain injury is one of the worst unfortunate things that can occur as a result of a car accident. These injuries are very dangerous and detrimental. However, 20% of all brain injuries are due to motor vehicles. Brain injury compensation would range anywhere, depending upon the severity, from $100,000 to $250,000.
Severe injuries include brain injuries that result in impaired cognitive function, spine injuries resulting in paralysis, or other injuries that require daily assistance. Compensation can be anywhere ranging from a few hundred thousand to millions.
Get the Best Possible Accident Settlement:
When you hire a reliable and experienced Georgia car accident attorney like Wade Law, they will help you determine the value of your claim and fight for the compensation you deserve. Our attorneys can help you recover the maximum compensation possible in your car accident claim.