Pursuing a lawsuit over a car accident can take months—if not years—of your time and requires substantial legal expertise. This can place a great deal of stress on you and your family during an already challenging time. Many car accident claims end up settling out of court following private negotiations between the injured person and their insurance provider, the person at fault for the wreck, or both.
Settling a car accident case in Bensalem can be a beneficial option in many situations. A skilled attorney at Ostroff Godshall Injury and Accident Lawyers can explain how the settlement process works and work tirelessly to ensure you get the compensation you deserve.
What is the Average Value of a Car Accident Settlement?
The financial value of a car accident claim is based on the following:
- The specific injuries you suffered
- The losses you can prove you’re dealing with directly because of your injuries
- Whether you hold any fault for your own injuries compared to the person you’re filing a lawsuit against (the defendant)
There isn’t a single “average value” for car accident settlements in Bensalem, as each person will have different needs and evidence supporting their settlement proposal.
That said, the Insurance Information Institute claims that the average value for an auto insurance claim following an accident resulting in physical injury was $22,734 in 2021. This average figure includes thousands of settlements that were much lower in value and thousands that were substantially higher. Your Bensalem lawyer can examine the facts of your car accident case and offer specific guidance about pursuing an appropriate settlement amount.
Benefits and Drawbacks of Settling Out of Court
The primary benefit of settling a car accident case instead of taking it to a civil courtroom is that the settlement process is much faster and cheaper. By settling out of court, you can avoid a large portion of expenses involved in getting a court to render a verdict on a lawsuit. A process that can take months can be concluded by settling in just a few days.
On the flip side, you need to be prepared to negotiate aggressively to get a fair settlement since you won’t have a judge or jury looking at things from a neutral perspective. If you are considering pursuing a settlement for a car accident case, seeking help from a skilled Bensalem attorney should be your top priority.
Call a Bensalem Attorney for Help Settling a Car Accident Case
The money you get from a car accident settlement can be crucial for compensating short-term financial losses and minimizing the effect a serious wreck will have on your long-term interests. However, if you try to demand a fair settlement without legal counsel, you’re likely to get an unsatisfactory final offer, if anything at all.
Settling a car accident case in Bensalem is much easier with representation from a winning attorney. Ostroff Godshall Injury and Accident Lawyers has decades of experience recovering significant compensation for injured people like you. Call us today to discuss your options in a free, no-obligation consultation.
