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Car Accident Settlements

To be successful with an auto accident claim, there are many factors to consider that affect the outcome of the case. Our professional lawyers know the intricacies of the law and will help you resolve any car accident case that has occured in the State of Florida. In our practice, we ensure we are getting the most coverage that is available. Each case is unique, and our trained professionals will explain and advise how we can assist on your case specifically to get the most out of it. A majority of cases resolve without the need for litigation, but if the need arises, we are quick to take action and file your case with the Court. We are not afraid of taking cases to trial.

Do I Need a Lawyer to Settle My Car Accident Case?

Can an attorney help with your accident, or do you need a lawyer to settle your financial affairs, including compensation? As our court practice shows, about 95% of victims, especially those who were injured, do not get what they are entitled to receive. Let’s look at an example. One auto accident victim determined that he was entitled to receive $96,000 from the insurance company. He wanted to file a claim with the company to get an accident settlement. The insurer was surprisingly quick to agree to the claim information that the injured party provided. The relatives of the car accident victim advised him to contact our attorneys, who analyzed the case in detail and identified several important factors.

The person involved in the accident was severely injured, had been in the hospital for 14 days, and paid his own medical bills.
The police found the accident participant guilty by a modified system of 10 percent.
The victim continued to rehabilitate and recover but did not indicate future expenses.
The accident damaged the victim’s truck, but he did not state this fact in his claim.
The victim was unable to work for 4 months and lost his main source of income.

After he contacted our company, an experienced lawyer took over the case, thoroughly analyzed the circumstances, and calculated the amount of compensation: $297,000. It turned out that the victim was unaware that under the policy, he was entitled to claim amounts other than those specified in the insurance contract.

What is the Average Car Accident Settlement?

Unfortunately, there is no such thing as an average auto accident settlement. Each case has individual characteristics. There are numerous factors that determine case value. An experienced personal injury lawyer needs to examine in detail the circumstances of every case, the injuries sustained, previous medical history, previous accidents, the different avenues of compensation, insurance policies, the location of where the incident took place, the at-fault’s history and records and more.The range of issues related to settlements is quite extensive, and our attorneys are trained to know what to look for in order to obtain the highest and best settlement possible.

Do I Pay Taxes for a Car Accident Settlement?

It depends. Typically, personal injury settlements are not considered income for tax purposes and therefore you do NOT pay taxes. However, there are certain situations where you may need to report your settlement to the IRS. The IRS has produced a publication indicating what is taxable and what is not. A copy of which is provided below. If you have questions about your settlement, it is always advisable to speak to a licensed tax specialist such as a CPA.

How Long Does it Take to Get a Settlement from a Car Crash?

Unfortunately, there is no standard time frame. Every case is different. The statute of limitations on bringing a claim in Florida for a personal injury action such as a car crash is 4 years. However, there is not a set time for a case to be resolved. Most cases resolve without the need for litigation which substantially reduces the amount of time a case could take from start to finish. When meeting with your attorney and after discussing your specific situation, injuries, treatment etc, you are more likely to obtain a realistic time frame. Depending on the severity of injuries time frames vary. Once litigation is filed, for a case to actually go through the entire process without resolving and be tried before a jury takes approximately 2 years. There are a multitude of factors and it is best to speak to your attorney to understand all that is involved in a case.

More Examples of Settlements for Auto Accidents in Orlando

Here are the facts that allowed auto accident victims to receive compensation payments.

A $15 million accident involved a sober driver and a passenger sitting behind the wheel of a farm vehicle. Another car struck them from behind, causing the passenger to suffer a severe injury that left him paralyzed. The passenger also suffered brain and spinal cord injuries.
A $7 million car accident in Orlando resulted in the death of the passenger due to the driver’s negligence.
A major accident occurred in a suburb of Orlando, where a bus passenger who previously had health problems suffered complications related to new injuries. The lawyer had to insist, to the relatives and victims of the car accident, that the case be decided by a jury. For 4 months, a comprehensive investigation was conducted. As a result, the victim succeeded in getting the compensation he was due: $6.78 million by jury verdict.
A passenger was on a bus traveling through Orlando. A semi-trailer crashed into the bus, injuring the passenger. Our lawyer negotiated with the insurers in a neighboring state. Because the accident occurred in Orlando, it was necessary to clarify some of the nuances of the case. The settlement amount was $5 million.
Two friends were traveling in a car on vacation when they were hit by a propane semi-trailer. Both friends suffered brain injuries and broken legs. Considering each party’s insurance, our lawyer was able to get the injured friends compensation through the state sworn court. Additional experts were hired to confirm that the injured party was right. The settlement amount was $2.785 million.
The driver of a pickup truck made a left turn into the oncoming traffic lane, ignoring the stop sign. After a collision with another car, the passenger in the pickup suffered a broken spine and broken ribs. A technical expert had to be hired to prove that one of the parties was at fault.
The driver of a tractor-trailer stopped on the side of the road to rest and got out of his vehicle. He was hit by another driver, resulting in serious injuries and partial damage to the vehicle. We had to look at the insurance policy parameters of each person involved in the car accident.

As you can see, a detailed settlement can result in significant compensation. We look not only at the nuances of the accident but also at the insurance situation and the laws of the state where the accident occurred.

What Is My Case Worth?

Each car accident has its own peculiarities and characteristics. In some situations, you could receive compensation of over $100,000 for minor injuries. In the most severe cases, while the settlement will take a long time, you could get multi-million-dollar compensation, which will cover your suffering, pain, and loss of work. There is no single online calculator that determines the settlement amount of a car accident, but you can always count on the professional help of our lawyers, who will determine the possible risks and the likelihood of obtaining compensation.

Our Lawyers Will Help You Get a Top Settlement

Our professional lawyers will help you profitably resolve all of your settlement issues and prove that you are the injured party who requires restitution and compensation. A lawyer interacts with the police and obtains a detailed accident report from them, interviews witnesses, and hires additional experts and investigators to prove that an accident occurred and that this accident caused your injuries. We guarantee good results. You can get decent compensation from insurers and, in some cases, from state authorities if they are at fault in the car accident.