If you get into a car accident, you have the right to seek compensation for your damages through an insurance claim or personal injury lawsuit. But before doing that, it’s important to understand whether the compensation you’re likely to get is worth the effort. Bridgeway Insurance Group in Montgomery, AL is here to provide you a guide.

How much money you ultimately receive will depend on the severity of your injuries, the amount of damage to your vehicle, and other factors.

Determining the Value of Car Accident Settlement

Insurance agencies and personal injury attorneys document the victim’s economic and non-economic damages to determine the value of a car accident settlement. Here are some of the common types of damages:

• Medical expenses cover all costs related to your treatment
• If you miss work because of your injuries, you can recover those lost wages.
• Property damage compensation for damaged car 
• Pain and suffering compensation

You may also seek compensation for future medical expenses if your injuries are expected to have long-term or permanent effects.

Who Is At Fault?

Since Alabama is an at-fault state, the at-fault driver is responsible for the damages caused by the accident. The at-fault driver’s insurance company will likely pay for these damages up to the at-fault driver’s policy limits.

In some cases, the at-fault driver may not have enough insurance to cover all of the damages caused by the accident. You may be able to file a claim with your own insurance company to cover the additional damages.

You also need to consider the extent of your fault when estimating your settlement amount. Your compensation will likely reduce depending on the percentage of your fault. 

We Are Here To Help

Do you need to learn more about how car accident insurance claims work? Bridgeway Insurance Group in Montgomery, AL is here to answer all your questions. Our experts will be glad to help you understand how insurance works and what your options are for compensation. Contact us today to learn more.