How Do Car Accident Settlements Work? A Quick Guide for Florida Drivers

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How Do Car Accident Settlements Work? A Quick Guide for Florida Drivers

How Do Car Accident Settlements Work? A Quick Guide for Florida Drivers

by | Jun 12, 2020 | Accidents, Auto Accidents, Personal Injury

If you have ever asked “How do car accident settlements work in Florida?” you’re not alone. This quick guide will help with the basics.

Florida has a lot of attractions, for tourists and locals alike. Whether you are traveling to one of our beautiful beaches, riveting amusement parks, or you’re just driving to work, you are probably going to get there by car. Unfortunately, any time you get behind the wheel, you are at risk of getting into an accident.

If you are ever injured in a car accident, you will likely have to pursue a settlement, either from the insurance company or from the other driver. Here’s how it works.

How Do Car Accident Settlements Work in Florida?

In an auto accident settlement, the injured party—you in this case—must agree to a payment amount to cover medical expenses, loss of income, and other costs from the accident. In exchange, the injured party cannot pursue any further legal action for the accident. The settlement amount will depend on the circumstances, severity, and evidence of each case.

In Florida, insurance companies are prohibited by law from engaging in unfair or bad faith practices. For instance, they cannot fail to pay valid claims or fail to investigate a claim properly. This does not mean, however, that they are barred from protecting their business interests. They will do whatever it takes to legally avoid paying as much as they can.

Factors That Determine Settlement Amounts

Many people who have been in accidents wonder what their settlement amount will be. The critical question, “How do car accident settlements work?” is something they have to answer. It’s important to understand that because your accident is not exactly like any other accident you might not be entitled to as much as others have won in the past. Factors that affect settlement amounts include:

  • The cost of your medical expenses
  • Loss of wages
  • The severity of your injuries
  • Whether your injuries are permanent or debilitating
  • Whether you are partially responsible for the accident
  • Your insurance coverage and the other party’s insurance coverage
  • The type and amount of evidence that supports your case
  • Your attorney’s skills in negotiation and litigation

How Long Do I Have to File a Lawsuit?

In Florida, you have four years to file a lawsuit against another driver or the insurance provider. The Sunshine State is a no-fault state, which means that you must use your own insurance coverage to pay for medical and other expenses. Once you meet your coverage limits you can pursue a claim against the other driver’s insurance.

How Do Car Accident Settlements Work? Let Us Help You Figure It Out

It is critical to file a claim and seek medical attention as soon as possible. Worry about getting better before you worry about money. Once you are well enough to speak to someone about your case, get in touch with us. The attorneys at Pacin Levine are waiting to hear from you, so don’t hesitate.

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