It’s common for people to ask what the value of their auto accident is, but every case is different and there are a variety of factors that need to be taken into consideration before putting a price tag on it.
Lowball Offers by Insurance Company Soon After the Accident
After an auto accident, receiving medical attention should be a top priority. However, it is not uncommon for the other driver’s insurance company to reach out with a lowball settlement offer before the injured party incurs significant medical expenses.
The Correlation Between Property Damage and Personal Injury
Often insurance adjusters will minimize your claims based on the severity of the property damage. However, property damage is not a reliable indicator of injury, including in low-speed collisions.
What Happens When a Child Is Involved in an Auto Accident?
A minor child cannot sign a contract or other legally binding agreement. However, a child’s guardian or parent can sign a settlement agreement on behalf of the child if the child has a claim for injuries caused by an accident.
Property Damage and Medical Coverage for Bicycles
You can obtain insurance to cover property damage to your bike or medical bills for personal injuries in the unfortunate event you are involved in an accident while riding your bike.
Can I see a doctor even if I don’t have the money?
Many doctors will provide medical treatment on a lien and will request payment only after you collect your settlement. As such, it is possible for you to not have to pay for medical expenses out of pocket.
Do Not Delay Filing a Claim or Seeking Medical Treatment
Oftentimes insurance companies reject claims and deny compensation for victims of a car accident simply because the claimant is delayed in filing a claim or seeking medical treatment.
DO NOT SPEAK WITH THE OTHER DRIVER’S INSURANCE COMPANY
Often times the other driver’s insurance company will contact you in order to obtain a statement that will lock you into a version of certain events, including the extent of your injuries, in order to minimize your claim.
DETERMINING FAULT AND LIABILITY IN A CAR ACCIDENT
The amount of compensation is directly affected by the legal definition of negligence in the state where the accident occurred and the percentage the adjuster assigns to each party.
WHAT IS THE STATUTE OF LIMITATIONS FOR A CAR ACCIDENT?
In California, you have two years to file a lawsuit for your injuries from the date of your car accident. California Code of Civil Procedure §335.1.