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How Much to Expect from a Car Accident Settlement

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There’s never a sure way to predict how much your car accident claim is worth. Various factors influence the value of your insurance claim, and no blanket estimate will fit into every situation. Combine this fact with Florida being a no-fault state, and it’s challenging to determine the value of your auto accident claim on a surface level.

However, understanding what can impact your auto accident claim can better inform you about how to pursue your compensation and how much may be included in your claim. 

What Is No-Fault Insurance?

Florida’s no-fault policy means that all drivers have to carry some form of auto insurance. What this means for you is that if you’re involved in an auto accident, then regardless of who caused it, you and the other driver will have to file claims with your respective insurance companies. 

This mandatory policy can cover damages such as medical bills, property damages, lost wages, and more. On the surface, this seems beneficial because both parties can recover from their losses relatively quickly. However, Florida’s no-fault insurance has a limit on how much damage it can cover after your auto accident. 

Once you reach the “injury threshold,” then you may have the option to file a claim against the other driver directly. Generally speaking, significant damages, such as traumatic brain injuries, as an example, are the usual suspects when it comes to passing the injury threshold. 

What Should You Do If Your Injuries Are Significant? 

If your damages are significant and they’re over the injury threshold, it’s essential to take the necessary actions to prove the negligence of the other party. You should also be able to demonstrate how the actions of the other party have negatively impacted your way of life. 

For example, when you’re pursuing an auto accident claim, it’s essential to take plenty of pictures of your accident and injuries. It would help if you also gathered as many witness statements as you can, along with the police report detailing your accident. 

Your medical reports will also play a huge factor in your car accident claim. If you’re suffering from any permanent injuries, such as paralysis of your lower body, as one example, then having a detailed medical report can significantly support your auto accident claim. 

Does Passing the Injury Threshold Guarantee More Compensation? 

Although your damages may pass the injury threshold for no-fault insurance, this does not guarantee you will receive more compensation from your car accident claim. Remember, your car accident claim has to be successful in obtaining more compensation for your damages. The process of gathering evidence and creating a case against the other party is still necessary before you can obtain compensation for your significant losses. Although many auto accident claims settle out of court, there’s always a chance that your case will go to trial and drag on for longer than you expected. 

Speak with an Auto Accident Lawyer 

Speaking with the auto accident lawyers at The Law Offices of Casey D. Shomo can help you determine what option is best for you. If your auto accident has reached the threshold for damages and you want to sue the other party, our car accident attorneys can help you fight for your compensation. 

Contact us now by calling 561-659-6366 or filling out the contact form at the bottom of this webpage.