Many motorists in Maryland are aware that the risk of traffic crashes is high, but statistics offer disturbing proof. According to the US Centers for Disease Control and Prevention (CDC), around 44,000 people are killed, and 2.6 million people seek care at emergency department visits for injuries from car accidents annually.
Fortunately for victims, it’s possible to recover compensation for a wide range of losses. However, you might not realize how much to ask for in a car accident settlement, so you could leave money behind when negotiating. A Baltimore County car accident lawyer puts you in the best position to recover the maximum amount based on the following factors.
Severity of Injuries
The severity of injuries is one of the most critical issues in determining how much to ask for in a car accident case. Compensation typically reflects the extent of medical expenses incurred, such as:
- Hospital bills
- Surgeries
- Medication
- Physical therapy
Additionally, settlements account for pain and suffering, emotional distress, and any permanent disabilities resulting from the crash.
In Maryland, injured parties can pursue damages for both immediate and long-term medical needs. If the injuries require ongoing care or rehabilitation, the settlement demand should include these projected costs to ensure comprehensive compensation.
Liability and Fault
The concept of legal fault significantly influences settlement amounts due to Maryland’s contributory negligence rule. Under this strict legal standard, if the injured party is found even 1 percent at fault for the accident, they may be barred from recovering compensation. This makes establishing the other party’s negligence crucial to a successful claim.
Accurate evidence strengthens your position, such as:
- Police reports
- Photos and video
- Witness statements
- Accident reconstructions
Economic Losses
Economic losses directly impact how much to ask for in a car accident settlement in Baltimore, MD. These damages include lost wages due to missed work, diminished earning capacity for victims who cannot return to their previous employment, and property damage costs to repair or replace vehicles.
Victims should meticulously document all financial losses to present an accurate claim. Comprehensive records make it easier to quantify damages and justify the settlement demand during negotiations.
Insurance Policy Limits
Insurance policy terms often determine the maximum compensation available for car accident victims. The at-fault party’s liability insurance covers damages up to their policy limit. However, if the damages exceed this amount, victims may need to rely on their own uninsured or underinsured motorist coverage. Knowing policy details is essential to set realistic expectations for a settlement.
Set Up a Free Consultation with a Maryland Car Accident Attorney
This is useful information on how much to ask for in a car accident settlement, but legal help is still critical. At the Law Offices of Michael A. Freedman, our experienced personal injury attorneys are ready to guide you through the claims process and fight for the compensation you deserve. Our offices in Owings Mills and Glen Burnie are conveniently located to serve you, so go online or call 410.363.6848. We are happy to schedule your free consultation and take the first step toward protecting your rights.
