According to a well-known insurance firm, Arizona is one of the most risky states for car accidents. There are many worse cities for traffic, but rush hour in the wild, wild west is still rush hour, and tailgating, construction, and speed demons all contribute to Arizona vehicle accidents. It is beneficial to grasp the fundamentals of car accident settlements, what to do following a car accident, and the procedure and dates utilized to compute them. If you are involved in a car accident, here is a car accident action list that you should instantly follow.
What is Minimum Liability Coverage?
The minimum liability coverage in Arizona is the payment for injuries or damage to which you are entitled if you are involved in an accident. Drivers must have the following minimum levels of coverage in order to lawfully operate an automobile:
Liability for bodily injury is $15,000 per person.
$10,000 for property damage and $30,000 per accident where multiple people are
injured.
These Arizona coverages pay for your damages if you are in an accident. Another component of a car liability insurance policy is legal defense coverage. If you have to sue the driver who caused the accident, this will help pay for his or her legal defense.
The settlement is what you will attempt to get for your damages if you have been involved in an accident and experienced damages. The settlement is a remedy for damages negotiated and voluntarily agreed upon by the parties involved. The calculation of the settlement can be difficult.
How is a Car Accident Settlement Calculated in Arizona?
In Arizona, the breadth and cost of a car accident might vary greatly. Damages vary greatly based on hundreds of factors that may or may not have been involved in your accident. Among the considerations examined for determining a starting point for a settlement include, but are not limited to, five major factors:
Insurance protection
Suffering and Pain
Medical Expenses
Auto Repairs
Lost Wages
No matter which side of the accident you are on, keep in mind that any settlement formula is just the beginning. A competent, seasoned lawyer can negotiate these sums. Numerous knowledgeable, experienced lawyers who are prepared to offer the least amount of money during each settlement negotiation work for insurance companies as their protection. Having legal representation that is willing to fight for you can make the difference between a settlement that is just and one that is much too low.
Book a Free Consultation With Our Arizona accident Attorneys
As an Arizona auto accident victim, our legal team at Lebovitz Law Group can help you get maximum compensation from the negligent party. We work on a contingency fee basis, meaning you don’t pay us until we win your case. Contact us today for a free case review.