Aurora Car Accident Settlement Calculation

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Car accidents cause a lot of damage. Not only are you looking at damage to your property, you may have sustained physical and emotional injuries as well. However, you may qualify for compensation as a result. Some people go to trial and some people decide to settle. While settling might seem like the easier process, there is still the matter of Aurora car accident settlement calculation. While this process may sound daunting and complicated, an experienced car accident lawyer can work with you in pursuit of a fair settlement offer. Contact an attorney today and know that you are in capable hands.

Who Helps Determine the Settlement Amount?

Aurora car accident settlement calculation is all about negotiating. The attorney may recommend settling the case for the medical bills times three. However, the insurance company sets a value based on an evaluation. Ultimately, the insurance puts a top number on the settlement and the person decides whether to take it or not. The person rarely has any involvement in the settlement if they do not have an attorney unless their case goes into litigation. The value of the settlement is determined by the insurance adjuster. The settlement is calculated on the medical bills or out-of-pocket expenses.

If the case does go to trial, the jury does not have any involvement in calculating a settlement. They are involved in a verdict but not in a settlement. The jury puts together a verdict and award for the three types of damages: economic, non-economic, and disfigurement and impairment. But the jury never hears a word about settlement negotiations because those conversations are confidential under the rules of evidence.

Factors That Affect the Settlement Amount

During the process of Aurora car accident settlement calculation medical bills are taken into consideration. When the medical bills are $10,000, the attorney evaluates that three times the medical bill which is just $30,000.  As a comparative fault state, when the injured party is negligent, the total settlement is offset by their own comparative fault. The injured person should take their long-term injury into account and whether the settlement makes them whole. They should also consider the likelihood of recovering more if they went to trial.

A person might encounter some problems with liability when negotiating a settlement. When they have a pre-existing condition or subsequent injury, those could present a problem. When the insurance company wants to get into the person’s prior medical records; that can prolong the evaluation period and can delay settlements. If the insurance must get an accident re-constructionist to evaluate liability, that can be problematic as well.

Receiving the Settlement in a Timely Manner

A settlement is usually received within 60 to 90 days after the injured party finishes their medical treatment. It is rare that a case is settled before the injured person is done treating. Unless there are extenuating circumstances where the plaintiff is going to die soon, there is no expediting the process.

One step someone can take to ensure that a person receives their settlement in a timely manner is staying on track with their medical treatment. As soon as they are finished treating, they can contact the attorney to let them know the case is ready to be wrapped up and go from there.

Value of an Aurora Personal Injury Attorney

The attorney can help negotiate liens to expedite disbursement. They can attempt to ensure that your medical bills are paid, and confirm that nothing was sent to collections. Your attorney can attempt to handle the logistical elements of your case. The lawyer can also help you gain an understanding of the non-economic loss and how it affects your life after the accident. If you have been injured in a car accident, speak with a skilled car accident lawyer that can fight for you, and work tirelessly to ensure that your Aurora car accident settlement calculation, and the resultant award, are fair.

Gaiennie Law Office
3801 E. Florida Ave Suite 100
Denver
Colorado 80210
Phone: (303) 455-5030