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How Much to Expect from an Auto Accident Settlement in Colorado

Posted in on March 27, 2018

If you’ve recently been involved in an auto accident, you’re very aware of how stressful it can be. Whether you were injured in the accident or are simply struggling to figure out how you’re going to repair your vehicle, it’s important to know what you can expect from an auto accident settlement in Colorado. Of course, all situations are different, but there are general factors that determine that amount you will receive from an auto accident settlement.

What Determines Your Compensation Amount?

The amount you will receive in an auto accident settlement will largely depend on various moving parts, including the severity of your injuries and your insurance company’s general practices. Here are some common elements that can calculate your compensation amount:

Pain and suffering: Auto accidents can be traumatizing for most people, no matter how serious they are. Physical and mental pain and suffering can be incredibly debilitating, and you deserve to be compensated for what your auto accident has caused you to experience.

Medical bills: Medical costs today are skyrocketing, and even small injuries can rack up huge medical bills. Receiving medical care after any type of auto accident is essential for treating current injuries and preventing future pain. A good personal injury lawyer will recognize the necessity of medical treatment, and will ensure that you don’t have to pay entirely out of pocket.

Car repair costs: Repairing a vehicle after an accident can be very expensive, and coming up with that money is not always easy for most people, especially when factoring in medical bills. Personal injury lawyers will make sure you receive compensation for any car repair costs, no matter how much damage was done to your vehicle.

Lost income: Many people who are injured in car accidents are not able to work for some time, whether because of frequent doctor visits or severe physical pain that requires them to stay home. Not being able to receive a full paycheck is a very real concern, and it’s something personal injury lawyers will factor into your case.

Car rental costs: Even if your vehicle only sustained a small amount of damage, you may be forced to rent a car to make it to and from work while your car is being repaired. If your vehicle is severely damaged, or even totaled, you may need to rely on a rental car for an extensive amount of time, which can quickly become expensive.

Chances are, your settlement amount may be more than you expected, especially if your insurance company determines that you were not at fault in the accident. Regardless if you were or were not at fault, it’s important to seek the advice and legal assistance of a Colorado personal injury lawyer.

Why Work with a Personal Injury Lawyer?

It’s often difficult to calculate the exact amount of the settlement you will receive, which is why it’s recommended to work with a personal injury lawyer. They understand the way insurance companies and legal teams work, and they know how to get you the money that you need for medical costs and vehicle repairs. Most personal injury lawyers, Bachus & Schanker, LLC included, will offer free initial consultations. They will work with you to provide an initial compensation estimate, and will walk you through next steps.

Bachus & Schanker, LLC Can Help

The personal injury lawyers at Bachus & Schanker, LLC specialize in auto accidents. They have years of experience helping people receive financial compensation all across Colorado. Take a look at our case results to see how we have helped in various auto accident claims. If you or someone you know was injured in a car accident, our Denver car accident attorneys can help you receive the money you need to cover all expenses related to your car accident.

Sources:

https://caraccidentschool.com/what-is-the-average-settlement-for-a-car-accident/
https://www.coloradolaw.net/practice-area/auto-accidents/

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Super Lawyers - Kyle Bachus
Super Lawyers - Darin Schanker
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Super Lawyers - Kyle Bachus
Super Lawyers - Darin Schanker
Million Dollar Advocates Forum
The National Trial Lawyers Top 100 Trial Lawyer
5280 Top Lawyers of Denver
Martindale-Hubbell Peer Rated for Highest Level of Professional Excellence