Car Accident Settlements – How The Process Works In Texas
Experienced Dallas car accident lawyer explains what you need to know
In most cases, car accident injury victims receive money for their accidents in the form of a settlement. But what exactly is a car accident settlement? How does the process work? What is a typical car accident settlement amount? And how much money is my car accident settlement worth?
These are all very important questions. That’s why it’s critical that you get accurate advice from an experienced Dallas car accident attorney as soon as possible. Otherwise, you might not get the money you need to get your life back on track after your collision.
The legal team at The Marye Law Firm thoroughly understands how the settlement process works in Texas. That’s why we have such a strong track record of success. We know how to deal with insurance companies and can negotiate the best possible car accident settlement claim on your behalf.
What is a car accident settlement?
As the name suggests, a settlement is designed to settle a legal case. A car accident settlement is given to an injury victim to pay for their car accident-related expenses. So, if you agree to accept a settlement offer, you will receive a one-time payment to resolve your legal case.
This might sound straightforward. But the car accident settlement process can be complicated. This is especially true if there’s a lot of debate about how much money you should be paid for your settlement. And the process can be very different from one state to another. That’s why it’s important that you have a lawyer who knows how the car accident settlement process works in Texas to handle your case.
What is the average car accident settlement amount?
The short answer is that there is no meaningful average or typical settlement amount. Every case is different. It depends on the circumstances, the extent of your injuries, and the amount of available insurance coverage.
That’s why it’s critical that you talk with a car accident lawyer as soon as possible after your accident. They can review the details of your crash and provide an accurate estimate of how much money you might be able to obtain in the form of a car accident settlement or verdict.
Who decides how much money my settlement is worth?
The at-fault driver’s insurance company would certainly like to decide how much they will offer you. However, the insurance company does not have the final say. You can be part of these important settlement negotiations. That’s why it’s important to have a lawyer working with you who knows how to negotiate effectively with insurance companies.
Do I have to accept a settlement offer?
No. You can refuse to accept a settlement offer. And in some cases, this might be the best thing to do, especially if you receive a lowball offer that does not cover all your accident-related expenses.
However, it’s also common for insurance companies to play hardball and refuse to negotiate. Instead, these insurance companies insist that this is their best offer and you can take it or leave it.
Your lawyer can negotiate a better settlement offer with the other driver’s insurance company. And if the insurance company refuses to negotiate, your attorney can file a car accident lawsuit on your behalf to put pressure on the insurance company to pay up.
Can I ask for more money for my settlement?
Yes – but only before you accept it. Once you take the insurance company’s money, that’s it. You cannot ask for more money later, even if your expenses turn out to be significantly higher.
This is why it’s so important to have an attorney handling your legal case who knows how to negotiate the best possible settlement offer. You only have one opportunity to get the compensation you need for a lifetime’s worth of expenses. The right attorney will make that opportunity count.
How long does a car accident settlement take?
How much time it takes to finalize a car accident settlement can vary widely from one case to another. Some settlement claims are resolved in a matter of weeks. Negotiations for others may take months or years. It depends on the circumstances, the extent of your injuries, and how difficult the insurance company decides to be.
There’s often a lot of debate about how much money injury victims should receive as a settlement to pay for their car accident-related expenses. This is one reason why settlement negotiations take so long. Other reasons can include:
- The full extent of your injuries is not yet known.
- Insurance companies cannot agree on the financial impact of the crash.
- The other driver’s insurance company questions whether your injury is a pre-existing medical condition not caused by the accident.
- There is a dispute regarding who is liable (legally responsible) for the crash.
Whatever the reason for the delay, you need an attorney who is with you from start to finish. Whether negotiations are concluded quickly or drag on for many months or even years, the right attorney will protect your best interests throughout the process.
How can a car accident lawyer help with a settlement?
Settlement negotiations involving a serious car accident can be complicated and contentious. Don’t be caught in the middle and left paying for your crash out of your own pocket. Get the Texas law firm that gets results. Contact a Dallas car accident attorney at The Marye Law Firm. We understand how the settlement process works. We negotiate aggressively to fight for the best results for our clients, and we won’t hesitate to file a lawsuit and take your case to trial if necessary.
Simply contact our law firm and schedule a free case evaluation with a Dallas car accident lawyer you can trust. We’re here to help you to achieve powerful results.
