What Factors Affect the Value of a Car Accident Settlement?

By Alex Yoesting No comments

In 2018, there were over 312,000 accidents in the state of Michigan. Of these accidents, almost 1,000 resulted in a fatality and over 75,000 caused injuries.  

While you may have the intention of using caution while on the road, incidents like these are called “accidents” for a reason. If you find yourself the victim of a car accident caused by someone else’s negligence or wrongful act, you may pursue compensation.

During this journey to receive compensation for the injuries and damages you suffered, you may wonder what factors will impact your car accident settlement. If that’s the case, keep reading to learn everything you need to know here.

The Statements You Make

How consistent you are when pursuing your accident claim will impact the strength of your claim. You will have to talk to many people, including the police, your doctor, the insurance company and more, and explain to them what happened.

While no one expects you to give identical statements to everyone, consistency is essential. When you are consistent, it will strengthen your credibility and can impact how much you receive as a settlement.

Receiving Prompt Medical Attention

If you receive medical treatment right after your accident, even if you don’t believe you are hurt, you can increase your claim’s value.

When you fail to seek treatment right away or if you don’t follow up with the recommended treatments, your insurance adjuster may make the argument that you weren’t seriously hurt. If this happens, it may result in a much lower settlement.

The Police Report

The police report will include compelling information, including conclusions made by the officer at the scene, witness statements, and driver statements regarding what caused the accident. This is extremely persuasive evidence when it comes to your insurance adjuster and may help to strengthen your claim’s value.

Also, with the police report, it eliminates the possibility that the insurance adjuster will make the claim that the accident never occurred.

Your Lifestyle After the Accident

If you want to build a strong accident settlement case, it’s crucial that you live your life and only engage in activities that are consistent with how you claim you were injured. Most insurance adjusters will use sites like social media and even hire private investigators to spy on you.

This is done to prove you are participating in activities you should have been too injured to do. If evidence is found, it can impact your claim significantly.

What’s Your Car Accident Settlement Worth?

If you have been injured in an accident and wonder what your car accident settlement is worth, a great place to start is with the information found here. It’s also a good idea to hire a personal injury lawyer who can help you pursue the compensation you deserve.

Our legal team is here to help you with any accident-related questions you may have. Contact our legal team to learn more about how we can help you get the accident settlement you deserve.