How Long Does a Rear End Collision Settlement Take
Rear end car accidents are among the most common type of vehicle collisions in the United States. Data from the National Highway Traffic Safety Administration indicates that rear end car accidents accounted for 31.5% of all road traffic collisions last year. On average it takes around 3 months for a rear end collision settlement though this data includes the most minor fender benders to those rear end accidents resulting in multiple fatalities.
Receiving a compensation payout for personal injury and property damage resulting from a rear-end vehicle accident means the injured victim has to prove a) the other driver is at fault, and b) the extent of the resulting ‘damages’
How Long Does a Rear End Collision Settlement Take to be Processed
In order to receive compensation, an insurance claim must usually first be assessed. It is possible that the lawsuit must be brought to court, but most rear-end collision settlements take place out of court. The original offer from the insurance company may be insufficient. Get ready to negotiate by showing how high your damage is, including loss of income. If the accident involves significant medical costs, pain and suffering, it is advisable to consult a personal injury lawyer at this point.
How Long Does a Rear End Collision Settlement Take when Insurance Companies are Involved
The insurance company undertakes to offer financial compensation and in return the injured victim undertakes not to file a claim for a car accident. For injured victims, this can be deeply frustrating: insurance companies sometimes offer claimants only ten percent of the true value of their claim. The good news is that an experienced car accident attorney in our network can help you get the full and fair compensation that you owe by law.
How Long Does a Rear End Collision Settlement Take for Out of Court Settlement
Most car accident cases are settled by compromise, rather than going to the Court process. As soon as you lodge a claim with an insurance company, the company will assess the damage and submit settlement offers. If you disagree with the insurance company’s decision, you can ultimately file a lawsuit against the other guilty driver and / or their own insurance company.
If you reside in a ‘no fault’ insurance state then it will be your own insurance company you will be litigating against. Be under no illusion, auto insurance companies exist to make profit on the difference between premiums charged and claims paid out.
Don’t Accept a Lowball Offer For a Quick Settlement
How the vehicles look like damage is important in case of personal injury (according to the insurance company). Often a lawsuit is required to obtain a fair settlement offer from the insurance company. After a rear-end car crash, insurance companies like to deal with a lowball offer early on.
If you have collision protection for your own vehicle and the accident was your fault, the insurance company pays a certain amount to repair your car. The amount the company offers may be much lower than expected. Working with a car accident lawyer can help you get the appropriate compensation, which may be higher than what the insurance company would offer you. An auto accident attorney can help you introduce every detail of your case to the insurance company or a judge.
Watch Out For Delayed Injury Presentation
It is not uncommon for rear-end-impact injuries to show symptoms until weeks after the accident. When choosing your treatment options and insurance benefits, it is critical that a personal injury lawyer work on your case to find the best possible rear-end solution. If you have personal insurance, they may or may not cover your costs related to the accident.
How Long Does a Rear End Collision Settlement Take When Liability is Denied
When determining the liability in a rear-end collision regulation, all scenarios are taken into account. The ability of the front driver to receive compensation for rear-end collisions depends on the proof that the rear end driven was to blame. A personal injury lawyer can assist you in analyzing specific accident factors to determine liability in your case though usually in a rear end collision accident the rear driver is deemed to be at 100% fault. This fault will be diminished should the victims car have faulty brake lights or the driver be DUI.
Formula for How Long a Rear End Collision Settlement Takes
While thousands of rear-end collisions occur daily in the United States, there is no formula for determining the average settlement value for each accident. The nature of the accident, the extent of the injuries, the degree of liability and the value of the medical bills are just a few of the parts that form the basis for your billing. As a rule of thumb, the heavier the injury, the higher the billing value. For example, a rear-end collision leading to a traumatic brain injury is likely to result in a larger settlement than an accident with whiplash only.
Time taken to Settle Out of Court
According to the available documents, most of the claims relating to accidents remain unanswered, as they are resolved through an out-of-court settlement. However, in order to settle a personal injury claim, the victim must give up the right to make further claims against the party by which the victim will be charged against money paid by the party or the insurance company. The amount of compensation depends on the damage you have suffered as a result of the personal injury.
How Long Does Rear End Collision Compensation Take if it Goes to Court
Less than 3% of rear end collision payouts progress as far as trial. Court is used as a last resort after all other attempts at alternative dispute resolution have failed. Trials are expensive and time-consuming, and the outcome is uncertain. Should you have to move to a Courtroom litigation scenario be prepared to wait up to two years for trial.
How Long Does Rear End Collision Compensation Take if we Mediate
Alternative Dispute Resolution (ADR) is used to help all parties reach a resolution with the help of a neutral third party. In a rear-end collision case, a mediator will assist the parties gauge how successful their arguments and evidence might be on key major issues of dispute.