What is The Average Settlement For Car Accidents in Fort Wayne?

Car accidents, for anyone, can be difficult for anyone. No matter how experienced you are, someone else’s carelessness can put you in this unwanted situation. If you get into a car accident that was caused due to someone else’s negligence, you are going to file a car accident claim. However, one of the common queries of victims is what is the average settlement they will receive. 

Unfortunately, there is no fixed or decided amount for the compensation you are entitled to receive from your claim. Every case varies from one situation to another, and various factors will decide the total compensation. When you speak to a Fort Wayne car accident lawyer, they will not provide you with the exact number. In fact, no lawyer can provide the exact value but work with you to determine the average settlement amount. 

What will affect the compensation amount for your claim?

  • Most of the time, the at-fault party will pay you through the insurance company. There are chances that there will be restrictions or maximum coverage amount that the insurance company can pay you. In such a situation, it can be challenging to expect more than the at-fault party’s insurance coverage amount. 
  • What are the economic damages you have incurred? These include all your medical bills, lost wages, and the cost of car repair. 
  • How much are you liable for the accident? In Fort Wayne, the compensation will be reduced by the percentage of fault. So, in case you have contributed anything in the car accident, the compensation you are going to receive will be reduced too. 
  • Your non-economic damages will also be calculated. These include loss of quality of life, emotional distress, physical pain, etc. 
  • The number of injured or at-fault parties will also affect the compensation amount. 

How do I know how much my claim is worth?

After going through all the factors and calculating the total damages and injuries, your lawyer will carefully examine each factor. After reviewing everything, your lawyer will give you an approximate amount that you should be expecting from the insurance company. 

Calculating your car accident claims alone can be difficult. 

When you are already under stress from the accident, it can be challenging to determine the exact value of your compensation. Additionally, it can be difficult to understand what expenses you should include. Therefore, you should make sure you have an experienced car accident lawyer by your side to help you throughout the process and ensure you receive maximum compensation.