What Is a Fair Vehicle Accident Settlement?

In vehicular accidents, you may be entitled to compensation from the negligent driver. This is to cover things like medical bills, lost wages, and a few others. But every case is different, and the settlement amount you may get will vary depending on the circumstances.

Discussing your situation with reputable car accident attorneys in Tulsa, Oklahoma can help you understand how much you’ll be getting. To make sure that you’re getting the right compensation for your vehicle accident, here are some things you should know:

The Compensation You Might Be Entitled To

The bare minimum for a fair settlement after a car accident should cover your medical damages. This includes your medical expenses, emotional and mental trauma, and pain and suffering.

But the damages for motor accidents typically extend beyond the medical aspect. It may also cover your occupational damages, which covers loss of wages and earning capacity, and property damages which include the damage to your vehicle and your other possessions.

Factors That Affect Your Settlement Amount

Since each settlement case is different, there are a few factors that can influence how much you’ll be getting. These include the following:

Negligence Laws

Negligence is the failure to meet the level of care someone would have exercised under the same circumstances. Each state has its different negligence laws. In general, the higher your level of fault is, the lower your settlement will be. Keep in mind that you can contest your level of negligence for the accident.

Liability

If you can prove that the other driver in the accident was the one who caused your injuries, then you may be entitled to compensation. But if your evidence is weak, you may have to settle for a lower offer. Be sure to discuss this matter with your attorney to help determine whether you should accept the lower offer or try your case in court.

Statutes of Limitations

This is the time limit for filing any charges against the defendant or claiming compensation. The purpose of statutes of limitations is to account for any evidence destroyed over time and for the witness’ memories failing. Like with negligence laws, each state has its statutes of limitations. Should you fail to file before the time limit, you won’t be able to seek any settlement.

Do keep in mind that there some circumstances may allow you more time to file. Be sure to consult with your attorney to know your situation.

When it comes to vehicle accident settlements, be sure to talk to a reputable law firm in Tulsa, Oklahoma. Contact us at the Law Offices of Jeff Martin. Our legal team will be able to help you get the compensation you deserve. Talk to one of our attorneys today.

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