What is the formula for calculating a fair Florida car accident settlement?

March 15, 2011

When you have suffered serious injury or the loss of a loved one in a car accident in Florida, you can file a claim against the responsible insurance company to cover your damages. In turn, the insurer may offer you a settlement to resolve your case but there is no magic formula that works for every single car accident claim. 

Each car accident in Florida is unique and will result in a different settlement offer, no matter how many similarities may exist between the 2 crashes. Your Palm Beach car accident attorney can help you determine a fair settlement offer by estimating your potential damages, including your current and estimated future expenses. 

The insurance company should give you a settlement offer for your car accident in Florida that covers the following types of damages: 

  • the cost to repair your vehicle and personal property;
  • your current medical bills;
  • the wages you lost from being away from work for injury recovery;
  • your future losses from additional medical expenses and time out from work;
  • compensation for any permanent disability; and
  • your pain and suffering (current and future). 

Some of these damages are easy to estimate into a settlement offer, as they are tangible amounts, such as current medical bills. Other amounts, such as damages for pain and suffering you experience from a car accident in Florida, are subjective and estimated using past cases similar to yours. Some damages, such as permanent disability as a result of your car accident in Florida, are determined through careful examination of the evidence of your injuries. 

In any case, your Palm Beach car accident attorney can review any settlement offer you are given and help you determine if it is a fair amount of compensation for your car accident in Florida. 

Finding a Palm Beach Car Accident Attorney 

When it comes to choosing an attorney, you can’t afford to play a game of chance. Picking a Palm Beach car accident attorney based on a colorful bus ad or a touching TV commercial won’t necessarily put you in touch with the attorney best suited for your case. 

Palm Beach car accident attorney Theodore Babbitt has spent years building his practice and growing his network of trusted colleagues and well-respected lawyers. Simply fill out our online form, and Mr. Babbitt will personally review your story to see if you have a valid Florida personal injury claim. He will then put you in touch with the attorney best-suited to handle your case. There is no cost to get started – 1-877-751-8087.

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