At Cantor Injury Law, we are committed to helping clients who have suffered serious car accident injuries obtain the compensation that they are entitled to. Although nobody wants to find themselves injured after a car accident, we never know when one might occur. If you have sustained injuries in a car accident, it is important to find an experienced attorney who knows the average value of cases similar to yours. In this blog, we explain what you need to know about average car accident settlements.
Determining a Car Accident Settlement
When you choose our legal team to represent you, our goal is to maximize the overall value of your injury case. This means that we will make our best effort to secure a settlement that is worth more than the “regional average.”
Our legal professionals know what the value of your case is worth, because for the last 26 years we have dedicated ourselves to helping clients throughout St. Louis with their injury cases. For example, if you have $10,000 of medical care and the person who caused the accident has $20,000 of insurance coverage, your case might be worth $25,000. In Missouri, the average insurance policy available for drivers is $25,000. This is because drivers in Missouri are required by law to have at least $25,000 of insurance coverage.
Every injury case varies because the nature of an individual’s injury changes from case to case. However, the nature of insurance always remains the same.
What Is the Formula for the Value of an Injury Case?
Although there is a formula to determine the value of your injury, it is probably not the formula you would expect. The value of your injury case is how much you will accept and how much the insurance company will pay to settle your claim. The other formula is how much a jury will award you if you take your injury case to trial. If you want the full value of what your case is worth, you need to consult with an experienced attorney to find out if you should settle or take your case all the way to court.
St. Louis Car Accident Attorneys
Have you suffered a back or neck injury caused by a rear end collision? Do you need financial compensation to cover your treatments for a herniated disc sustained in a car accident? If so, we can help you secure the maximum value of your injury claim. Our lawyers are here to answer all of your questions and guide you through the entire legal process. Let us put our experience to work for you today.