Compensation is likely one of the first things on your mind when you’re involved in a car accident. You want to know how much you can recover from your car accident claim to cover your medical bills, property damage, lost wages and other damages.
However, there’s no definitive answer. The amount can vary depending on your situation, as explained below.
Factors that affect your compensation
The amount you can expect to recover after a crash first depends on the severity of your injuries. The more serious they are, the higher the potential compensation. This is because there is more to cover in terms of both medical treatment and the impact on your life.
Your degree of fault for the crash will also come into play. Your recoverable compensation may be reduced based on the percentage of your responsibility. It’s worth noting that, in Nevada, you generally cannot file a car accident claim against the other driver if you were more than 51% to blame for the crash.
Insurance coverage plays a crucial role in car accident claims, given that insurance companies typically pay for the damages up to the driver’s policy limit. As such, you may not be able to recover the full amount of your damages if the at-fault driver is under-insured. You may have to turn to your insurance coverage to cover the difference.
Do not settle for less than you deserve
It helps to understand your legal rights and how things work after a car accident in Nevada. You should, for example, be wary of quick settlement offers for your claim; they could be insufficient to cover your damages. Additionally, you can negotiate settlements and even pursue legal action to recover the compensation you are entitled to.
Seeking proper legal guidance can make a significant difference in the outcome of your claim. It can help protect your interests during the settlement process, avoid costly mistakes and increase the odds of a favorable resolution.