Car accidents happen all the time and most of them result in damage done to the car but not the people in the cars. They are built with safety in mind and injuries are way less frequent now than they ever have been.
And common pedestrian accidents are an entirely different scenario. Injuries are more likely to be serious since you have no protection. There will likely be missed work and piles of hospital bills.
It’s reasonable to wonder how much of a settlement that you can get after you’ve been hit by a car. There are several factors involved that will determine how much of a settlement you’ll get. In this article, we will go over what many of the key factors are so you have an idea of what to expect.
1. The severity of the injuries
Big injuries beget big payouts. Even The reason is that a major injury is going to take a lot of medical care which has a price tag associated with it. Much of the treatment is not likely to be covered by your insurance either.
For instance, if the accident happened close to a hospital that is not in your insurance network then all of the bills will be sent to you to be paid. In the event of it being a major injury, these bills will be substantial and will increase the amount of the settlement.
Major injuries will also take you out of work for a considerable amount of time. Lost income will be reimbursed. As will lost future income if you are not able to continue working due to your injuries.
2. The type of treatment
Some injuries are very painful and make life difficult but there is little that a physician can do at a certain point. Once you’ve seen the specialists and their job is done then you may have gotten treatment by non-physicians.
Any treatment by chiropractors, acupuncturists, and any type of homeopathic practitioner won’t carry much weight in the eyes of an adjuster. These treatments can be brushed aside as unnecessary and ineffective regardless of the benefits you math have gotten as a result.
3. Impact on your daily routine
If your treatments went well and you are completely back to normal then this is going to reflect on a lower settlement amount. The reason being is that once the medical bills and loss of work are compensated for, the insurance company sees little reason to pay for anything after.
When the injuries have impacted your daily routine in a negative way then the amount will be higher. You will be compensated for your life having been made more difficult as a result of the accident.
Claims adjusters have a system and multiplier that helps determine the amount they feel represents a fair settlement. All of these things above help them decide what kind of multiplier is going to compensate you best and not have their company overpay.