Here is Everything You Need to Know About Raising Your Car Accident Claim Value
After you’ve been in a car accident in Texas, one of the first things that comes to a victim’s mind is, “How am I going to recover from this?”
That question goes far beyond your physical recovery. The aftermath of a Texas car accident can cause significant physical, mental, emotional, and financial burdens for the individuals involved. Regarding the monetary aspect, you can work with a highly skilled personal injury lawyer to file your Texas personal injury claim to recover damages.
But, realistically, how much is the average settlement for car accidents in Texas?
Generally speaking, you can expect your car accident claim value to fall somewhere between $3,000 to $75,000. That said, these figures only tell one part of the story.
What is Your Car Accident Claim Value?
Personal injury settlement amounts vary greatly based on the unique circumstances of each car accident case.
A minor accident might see a car accident claim value of a few thousand dollars, whereas a more severe accident resulting in significant injuries could offer a personal injury settlement of upwards of hundreds of thousands.
So, why is there such a wide range of car accident claim values?
Each case is nuanced, with different details, long-term impacts, and levels of injuries. Your specific personal injury settlement amount will be based on the circumstances of the collision, how much is needed to cover the victim’s losses, and the following criteria:
- Medical bills
- Lost wages
- Pain and suffering
- Emotional distress
- Vehicle and property damage
How Are Personal Injury Settlement Values Determined?
Your car accident claim value is dependent on a multitude of factors. Typically, the sum of your medical expenses will form the base of your personal injury claim, while lost wages and diminished earning capacity are added to that amount.
The most crucial factor in determining your car accident claim value is the severity of your accident and resulting injuries:
Minor Accidents with Minimal Injuries
The average settlement for car accidents with minimal injuries such as bruises, whiplash, or minor cuts ranges from $10,000 to $25,000. Cases like these typically involve short-term medical treatments and some lost wages (minimal, if any).
Accidents Resulting in Moderate Injuries
Suppose you’ve been in a car accident in Texas that resulted in moderate injuries such as soft tissue injuries, fractures, or herniated discs. In that case, you may be entitled to a personal injury settlement of $50,000 to $100,000 – especially if you require extensive medical treatments and have a longer recovery time.
Major Accidents with Serious Injuries
Your Texas personal injury claim will be much higher if you’ve incurred serious damages such as traumatic brain injuries and spinal cord damage – especially if you require surgery. The average settlement for car accidents leading to serious injuries can range from $100,000 to $500,000 or more.
Accidents Causing Catastrophic Injuries or Fatalities
In cases involving severe long-term or permanent disabilities, life-altering injuries, or wrongful death, the average settlement amount can be upwards of $1 million. These serious cases are not simple, and require high-level negotiations best handled by a wrongful death attorney or a personal injury lawyer.
When trying to estimate your personal injury settlement amount, it is vital to understand these are not concrete figures. The unique circumstances of your Texas car accident case will determine the outcome of your compensation.
How Do Liability Circumstances Factor into Your Texas Car Accident Claim Value?
It is essential to understand that you may need to manage your expectations for your car accident claim value based on your level of liability.
If you are not at fault, and you’re dealing with a case involving commercial vehicles or multiple parties committing gross negligence, your personal injury settlement is going to be much higher. However, if your negligence contributed to a car accident in Texas, you may have to factor your percentage of the fault into the damages and compensation equation.
Coordinating with a car or truck accident attorney will help you build a strong case and establish fault accordingly.
Why You Need a Professional Car Accident Lawyer to Increase Your Personal Injury Settlement
Insurance adjusters are specifically trained to minimize settlements by offering lowball initial offers in the hopes that stressed-out victims will fold quickly.
A highly skilled car accident attorney will help you designate your true car accident claim value by helping you build a strong case.
It is crucial to start the process of building your case at the scene of the accident. The more evidence you compile at the scene, the more your legal representation can be used to argue on behalf of a better settlement for you. Once you ensure you and your passengers are safe, please call 911 and file a police report. If possible, gather witness statements and get the other driver’s contact and insurance information. Take as many photos and videos as possible of your car, the scene, and injuries.
Together, you and your skilled car accident lawyer will build a strong case and maximize your payout.
Partner with the Skilled Car Accident Lawyers at Angel Reyes & Associates to Boost Your Car Accident Claim Value
Don’t let your uncertainty about your potential car accident claim value get in the way of your success.
With over 30 years of experience and a 98% success rate, we have the ability and the passion to help you through any challenge you face. Our team of dedicated personal injury lawyers is ready to take care of you – holding your hand every step of the way as we fight to get what you deserve.
The compassionate team of car accident attorneys at Angel Reyes & Associates takes pride in helping our valued clients face the challenges of complex personal injury claim issues head-on. Allow us to support you by removing the stress from the equation as we handle everything for your personal injury claim on your behalf.
Contact us for a free consultation, or stop by one of our offices in Dallas, Fort-Worth, Houston or Austin to start your personal injury claim process today. Don’t wait, don’t hesitate.
Together, we will fight for your rights and recover the damages you’ve suffered. Allow us to lift the burden from your shoulders so you can focus on what truly matters – your recovery.
You’re in great hands with Angel Reyes & Associates.