Automobile Accident Settlements

An Arizona automobile accident settlement provides monetary compensation to the victim of an automobile accident caused by another party. Arizona automobile accident settlements can provide a victim compensation for his or her property damage, medical expenses, loss of income, loss of earning capacity, pain and suffering due to the injury, disability, or even death.

If you are injured in an Arizona automobile accident, your claim is turned over to an insurance company – either the one representing the other driver, or, if he or she is an uninsured or underinsured motorist, your own insurance company. The insurance companies will evaluate a number of factors involved in the accident to determine the amount it will offer in the automobile accident settlement. Insurance companies will evaluate the liability, your physical injuries, your medical expenses, your wage loss, and your property damage (such as towing expenses, automobile repairs, lost or destroyed personal items and rental car costs).

A claim against another driver and his or her insurance company is called a “third party claim.” The other driver’s insurance company investigates and evaluates the claim, before making an offer to settle.

However, if the other Arizona driver is not insured, he or she is called an uninsured motorist. If the other driver doesn’t have sufficient insurance to cover your damages, he or she is called an underinsured motorist. In those circumstances, if you have uninsured motorist or underinsured motorist coverage, you will have to deal with your own insurance company which will investigate and evaluate your claim. In effect, your insurance company acts as the at-fault party’s insurance company.

Typically, insurance companies try to pay minimal settlements to an accident victim. Seeking the advice of the experienced personal injury attorneys at Solomon & Relihan, Arizona Automobile Accident Lawyers, will help ensure you are adequately compensated for your damages and injuries in an automobile accident settlement.