Car accidents are known for turning injury victims’ lives upside down. With help from an attorney, you can make them pay. However, the amount of time it will take for your car accident settlement to come in could be longer than you expected.
While you wait for justice after your car accident, you may struggle to make ends meet. However, with help from our loan specialists at Silver Dollar Financial, you may be able to access South Fulton car accident loans and find financial relief.
Recoverable Damages in a Car Accident Insurance Claim
When you have been seriously injured in an accident, you have the right to be compensated for your losses if another party is responsible for causing your injuries. There are several ways in which she may be able to obtain the compensation you deserve. One of the most popular ways is by filing a claim with the insurance company. There are several options you may have in filing an insurance claim.
First, you may be able to file a claim with the liable party’s insurance company since Georgia is a fault state for car accidents and insurance purposes. When you file a claim with the liable parties’ insurance provider, the amount of compensation you can’t be awarded will be dependent on the coverage purchased by the defendant.
Under Georgia law, drivers are required to purchase a minimum of $25,000 per person and $50,000 per accident in bodily injury liability coverage and $25,000 per accident and property damage liability coverage. These amounts and types of compensation are designed to cover your medical expenses and the cost of your vehicle repairs. However, if your medical expenses exceed $50,000 per accident in medical expenses or $25,000 for property damages, the insurance company will not cover the remaining losses.
If the defendant purchased comprehensive, collision, rental car coverage, or other add-ons, you may also be able to obtain compensation for those costs. However, since these are not mandatory, the liable party may not have sufficient coverage to meet your needs.
You might also be able to file a claim with your own insurance company. However, since filing a claim with your own auto insurance could increase your rates, this may be ill-advised. You may only be able to file a claim with your own insurance company if you thought to purchase no-fault coverage or personal injury protection (PIP) coverage.
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Damages You Can Sue For
Since filing a claim with the insurance company is often not enough to cover a car accident victim’s damages, you may need to be prepared to file a lawsuit against the liable party. Fortunately, when you bring your case to trial, there is no loss you cannot sue for.
You have the right to be made whole. You should be compensated for every single way you have been affected by your car accident and subsequent injuries in South Fulton. Examples of economic damages and non-economic damages you could be entitled to include:
- Medical bills (both current and future)
- Chronic pain and physical suffering
- Loss of enjoyment of life
- Loss of society, advice, companionship, love, protection, support, and comfort
- Emotional trauma and mental anguish
- Damage to your personal and professional reputations
- Inconvenience, shame, humiliation, indignity, and distress
- Lost wages and future potential earnings
- Costs of repairing or replacing your vehicle
- Costs of increased auto or health insurance coverage
- Household maintenance expenses and childcare fees
These are just a few of the different types of losses you could see compensation for in your South Fulton car accident claim. You can find out more about how much your case could be worth and the types of damages you could be entitled to when you speak to your attorney about the value of your car accident claim.
How the Car Accident Settlement Process Works
The car accident settlement process can be complex. The steps your attorney will need to take to recover the compensation you deserve often include:
- Investigating the cause of your collision
- Gathering evidence to prove fault
- Going over your damages to calculate the value of your claim
- Filing a car accident claim with the insurance company
- Negotiating with the insurer as your liaison
- Preparing to bring your case to trial and advocating for your rights in court
Once a decision has been made with the insurance company or at trial, there will be some time before you receive your settlement. Generally, the courts will give a maximum of 30 days before legal action can be taken.
However, the defendant may decide to move forward with an appeal which could further delay your car accident settlement payment. In many cases, car accident victims do not receive their settlements until months or even years after the accident.
How to Provide for Your Family While Waiting for Your Car Accident Settlement
If you are having trouble providing for your family while you wait for your car accident settlement in South Fulton to come in, you may be able to find financial relief with Silver Dollar Financial. You can obtain an advance on your car accident lawsuit loan if you meet our eligibility requirements.
You simply need to be at least 18 years old, work with an attorney, and have a pending settlement. From there, you could access up to $1 million in legal funding, which will only be paid back if your attorney wins your car accident case.
Apply Now for Pre-Settlement Funding
Reach Out to Silver Dollar Financial to Apply Today
After everything you have been through, financial instability should not be something that impacts your car accident recovery. With help from Silver Dollar Financial, you can access your car accident settlement funds ahead of time, cover your expenses, and begin to rebuild your life.
Find out how much you could be authorized in South Fulton car accident loans when you apply now, or contact our loan specialists to discuss the specific details of your case.