The average settlement for a bus accident could range from a few thousand dollars in minor injury cases to several million dollars in complicated cases with long-term consequences and catastrophic injuries. Every case is vastly different depending on the economic and noneconomic losses incurred, evidence to substantiate those losses, and evidence to prove ongoing suffering.
At Silver Dollar Financial, our team will help you calculate your losses based on many of these and other factors with the objective of maximizing your claim for a bus accident lawsuit loan.
What to Expect as an Average Settlement in a Bus Accident
The value of a bus accident injury settlement can range widely. To receive fair damages, victims must provide evidence to back up who caused the accident as well as the injuries it led to both right after the accident and ongoing. Our lending team will calculate these losses with you based on factors such as the following:
- The severity of the injuries suffered: Specifically, you may be owed compensation based on how much the injuries impact your life, including your ability to work, do the things you enjoy, or meet other obligations.
- The evaluation of the insurance company: Insurance companies evaluate the losses sustained in the bus accident and then try to reduce those values in any way. As a for-profit organization, insurance companies will aggressively work to limit the compensation paid to you.
- The long-term effects of your accident: In some situations, individuals suffer comprehensive and catastrophic injuries that will never fully improve. In these cases, you will need to determine the value of those losses more extensively.
As your bus accident lawsuit loan team, we will work very closely to help you pursue full and fair compensation in every situation. The average settlement does not mean much in reality, but instead, the value of your case and your loss does.
You can apply online today for a bus accident lawsuit loan and receive an answer within minutes, as bus accidents occur roughly 15,000 times annually across the country, according to 2023 bus accident statistics.
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Medical Expense Compensation in a Bus Accident
One of the largest portions of your accident claim will include any medical expenses you suffered as a direct result of the accident. You may be able to recover all losses related to the medical care you received immediately after the accident, as well as ongoing directly linked losses. Some examples may include:
- Emergency medical care received at the scene and in the emergency room
- Surgical procedures and treatment received to save your life or mitigate further losses
- Hospital stay costs, if applicable
- Cost for rehabilitation and ongoing medical support
- Medication coverage
- Cost for any in-home medical care you need or durable medical supplies
- Recovery procedures, as well as cosmetic procedures related to the accident
Your medical expenses are all substantiated with documented proof. This makes it harder, but not impossible, for insurance companies to refute the claims. They may try to shift some of the blame on you, especially if you have preexisting conditions that could contribute to additional care needs.
Other Losses in a Bus Accident Case
Most people have additional types of losses that could also be considered economic damages. These are losses specifically related to the financial costs you paid or owed due to the incident. Aside from medical costs, additional losses may include:
- Property damage
- Lost wages and benefits
- Losses for transportation costs to and from medical care
Your bus accident lawsuit loan team will work to better understand what these losses are during your initial consultation. The more thorough you are in documenting them, the less likely it is for the insurance company to refute them. Be sure to keep a record of any costs you have throughout your recovery process, and you can learn more about this in our FAQs section.
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Non-Economic Damages in a Bus Accident
Noneconomic damages are often quite substantial in serious accidents and may account for the bulk of your claim. They are also subjective, and insurance companies will aggressively work to reduce these costs in any way they can. Some examples of these losses include the following:
- Pain and suffering resulting from the injuries sustained
- Emotional distress-related losses, including the onset of post-traumatic stress disorder
- Loss of enjoyment in life
- Loss of earning capacity
- Loss of companionship or consortium
- Loss of ability to enjoy the things you used to do
Maximizing your claim after a bus accident means fully understanding the implications of the accident on your health and well-being, including in each of these areas. As your lawsuit loan team following a bus accident, we will speak to medical experts, family, employers, and others to help document these losses.
You may be able to pursue compensation for losses you may not realize with the help of our team.
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How a Bus Accident Lawsuit Loan Can Help You Recover Damages
The value of your bus accident lawsuit loan is dependent on numerous factors, as noted, but it is also based on your ability to show the insurance company what your losses are. To do that, work with Silver Dollar Financial. When you utilize our experience, you gain the guidance you need to do this, including:
- Support in finding documentation of your losses to prove they occurred
- Help navigate around pre-existing conditions that could threaten your recovery
- Guidance negotiating with insurance companies to make your claims stick
The benefit of a bus accident lawsuit loan is that it costs you nothing to apply. You can receive a decision within minutes of filing the application. Bus accident lawsuit loans are just one of the many types of funding we offer at Silver Dollar Financial.
Apply for a Bus Accident Lawsuit Loan from Silver Dollar Financial Today
It may help to know the average settlement for a bus accident, but the only real factor that plays a role in your overall ability to recover damages is what we can prove. Contact Silver Dollar Financial now to start the process. We can offer you a free application to discuss your case and the damages.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding