Automobile accident settlements
Victims of automobile accidents who have sustained injuries as a result of somebody else’s negligence are often keen to settle their compensation claim as quickly as possible and put the matter behind them. Unfortunately, however, it is not always possible to achieve settlement of your claim as rapidly as you may hope without compromising the amount of compensation that you are ultimately awarded. Here we look at some key points regarding automobile accident settlements.
Automobile accident settlements – key points
- Establishing liability
Before being able to negotiate automobile accident settlements, it is important to establish who was responsible – or liable – for your automobile accident. When your solicitor receives an admission of liability from the third party’s insurers, on behalf of their insurers, settlement negotiations may commence. On some occasions, the third party may agree to settle your claim even though their insured driver is not willing to formally admit liability for the accident.
- Your recovery
It is important to wait until you have made a full recovery from your injuries, or until an appointed medical expert has given you a firm indication of how your symptoms will progress, before trying to value you claim. This is because if you settle your claim, for example, based on a recovery period of 6 months and your recovery ultimately takes much longer, if your claim has already been settled you will not be able to go back and claim additional compensation.
- Negotiations with the third party’s legal representatives
If both parties are in agreement, based on medical evidence obtained, on the extent of the injuries you have sustained, it should be fairly straightforward to assess the value of your claim and agree a settlement amount with the third party. However, occasionally the parties’ medical evidence is at odds and it can take several weeks, or even months, to agree on an acceptable amount of compensation. If an agreement cannot be reached, it may be necessary to attend court.
- Attending court
Only a very small percentage of automobile accident victims are required to attend court. However, if it becomes clear that the parties are simply not going to reach agreement on how much compensation should be awarded then it may be necessary to take the matter to court and let a judge decide.
Accident Advice Helpline’s specialist legal experts have successfully negotiated thousands of automobile accident settlements and their friendly and professional advisers are available 24 hours a day on 0800 689 0500 or 0333 500 0993 from a mobile to answer any questions you may have.
Date Published: 1st August 2013
Author: Jan Newell