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How Much Will I Get Paid After My Auto Accident?

money changing hands

 

Every auto accident is different. When evaluating how much a claim is worth, your attorney will look at many different factors. Each of these factors will adjust the value of your claim:

Factors In Determining The Value Of An Auto Accident Case

Liability:
If you were rear ended by another driver while stopped at a red light, it is pretty clear that the other driver is at fault for the accident. However, if you collide with another driver from the next lane of moving traffic, someone runs a red light causing your collision, or a third party causes an accident with multiple drivers; it may be a swearing match as to who caused the accident.

Insurance:
Texas requires that drivers carry a minimum insurance policy of $30,000 per person with $60,000 per accident in coverage. However, many drivers carry $100,000 per person with $300,000 per accident coverage. Additionally, you may have Personal Injury Protection (PIP) and/or Under/Un Insured Motorist insurance (UIM). All of these factors change the amount of your possible recovery.

You also may be involved in an accident with a commercial vehicle; which is required to carry even higher levels of insurance. Or, you may be at work when your accident occurs and be entitled to workers compensation benefits from your claim.

Damages:
How serious are your injuries? There are times when people are in serious accidents, yet come out with very minor injuries. In the same sense, there are people who suffer serious injuries as the result of what might appear to be a minor accident.

There are many factors which affect the value of your auto accident claim. Your attorney will assist you in maximizing the value of your case.

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