After a car accident, you may understandably feel overwhelmed by your mounting financial losses while recovering from your injuries.
It’s vital to work with a compassionate and experienced personal injury lawyer who prioritizes your best interests.
Your lawyer holds the at-fault party accountable and helps you obtain the compensation you need to get back on your feet.
A car accident can impact your health, relationships, work, finances, and more.
An attorney explains your options and preserves your right to recover the compensation you need in such a difficult time in your life.
What Factors Do Insurers Consider When Deciding Rear-Ended Collision Settlement Amount?
When attorneys deal with insurance companies, they understand that insurers consider multiple factors when deciding on a settlement offer.
Some of these factors include the following:
- The severity of the accident
- Existing insurance policy amounts
- Damages resulting from the accident
Insurance companies often rely on averages when determining settlement amounts. Additionally, they may be eager to push you into a settlement by offering an amount that appears favorable.
However, an initial offer may substantially underestimate the value of your case, particularly if you are still receiving medical treatment.
Therefore, one should never accept an insurance company’s initial settlement offer.
Furthermore, you should never accept a settlement offer without first seeking the advice of a qualified personal injury attorney.
Once you accept an offer, you may not go back to demand more compensation, even if you discover the offer fails to cover your damages adequately.
What Should Be Included in a Settlement for a Rear-Ended Car Collision?
Colorado law permits injured victims to recover compensation for their economic losses after a car accident.
Depending on the severity of a car accident, some victims continue to suffer for years after their accident.
These costs take an extreme toll on victims and their families.
However, financial losses are not the only losses suffered by car accident victims.
Those seeking a rear ended collision settlement may also seek compensation for their non-economic damages.
Economic Damages
Economic damages represent those monetary losses directly related to the injuries suffered in an accident.
Some of these tangible losses may include the following expenses:
- Medical expenses
- Lost wages
- Future lost wages
- Property damage.
Receipts, invoices, and pay stubs are all ways to support a claim for economic losses in settlement discussions.
Non-Economic Damages
Non-economic damages represent intangible and subjective losses. You cannot prove these losses through invoices or pay stubs.
Non-economic damages include physical and emotional losses related to a person’s injuries in an accident.
Due to their subjective nature, without the representation of a qualified personal injury attorney, it is challenging to prove non-economic damages successfully.
These damages typically include the following:
- Pain and suffering,
- Emotional distress,
- Loss of quality of life,
- Disfigurement or physical impairment,
Medical records and doctor’s notes provide evidence to support a claim for non-economic damages. Therefore, it’s crucial to seek medical treatment immediately after getting rear-ended while stopped.
How Is Fault Determined in Car Accidents?
Generally speaking, if you were rear ended in a collision, the driver that hit you is most often the party at fault.
However, the facts surrounding each case vary. For this reason, it’s vital to speak with an attorney to establish liability against the other driver.
After getting rear-ended while stopped, obtaining a fair settlement may seem obvious.
However, your attorney anticipates the arguments that other attorneys and insurance companies may raise in attempts to reduce their liability and financial obligations.
The insurance company will challenge the evidence you provide in order to reduce their financial exposure.
Don’t miss out on your opportunity to obtain the just compensation you deserve by failing to retain an experienced attorney.
When You Need an Advocate
At Tenge Law Firm, we understand that no one ever wants to hire a personal injury lawyer. Those contacting our office have experienced traumatic events and may feel lost and angry.
At Tenge Law Firm, we feel a personal responsibility for each client’s physical and emotional well-being during an extremely difficult time.
We provide more than just legal support. We serve as your confidant and advocate.
The sooner we can evaluate your case, the better our chances of getting you maximum compensation. today for a free case evaluation.
