If you have been in a car accident, you may be wondering if it is worth it to work with an attorney and seek compensation for your injuries. Here is everything you need to know about whether or not you can afford a personal injury attorney after an accident.
Is it Worth Hiring an Attorney for a Car Accident?
Thousands of people are in car accidents every day, but it can be difficult deciding whether or not it is worth hiring a car accident attorney. If the accident is an extremely minor fender bender and there were no injuries, it is probably not worth hiring an attorney. However, if you have sustained an injury – especially a serious injury, such as a broken bone or if your medical treatment costs thousands of dollars – it is probably worth talking to an attorney. Additionally, if you had to miss work, the police report or other paperwork does not look accurate or if there is a dispute over who is at fault, it may be worth hiring an attorney. If you’re still not sure if it is worth hiring an attorney, you can always discuss your claim with an attorney who can help you determine if it is worth pursuing your claim in court.
How do Accident Attorneys Get Paid?
There are a few ways that a car accident attorney can get paid. The most common way is called a contingency agreement, in which the attorney takes a portion of any settlement or judgment you gain from the lawsuit. In other cases, you may be asked to pay a retainer, in which you pay a certain amount of money upfront. If your claim is successful, the amount you already paid to the attorney is subtracted from any remaining percentage due to the attorney at the end of the case. In rare, less-complex cases, the attorney may charge a flat fee to litigate your claim. An attorney may also charge a flat fee if you hire an attorney to simply draft a demand letter or other minor task.
What is a Contingency Fee?
A contingency fee is the most common way an accident attorney is paid. A contingency fee is an agreement between you and your attorney in which the attorney gets a percentage of any settlement agreement or court judgment that you receive. In most cases, a contingency is 30% of any award received, however, the percentage retained may be more or less depending on the specific agreement. Importantly, your attorney is only paid if your claim is successful, so you do not have to worry about saving money to pay your attorney up front.
Do I Need a Lawyer for an Insurance Claim?
Not every insurance claim needs an attorney. Every claim is different, and you may be able to get by on your own if your claim is for minor damages. However, if you are concerned about the process or are unsure if the insurance company is offering you a fair payout, you may need a lawyer for your insurance claim.
How Much Should I Settle for My Car Accident?
Every claim is different, and the amount of your settlement depends on the specific facts and circumstances of your claim. The more complicated your case, the more factors play a role in determining a fair value of your case. A fair settlement should include fair compensation for damage to your vehicle, any medical bills you have incurred, and any missed days from work due to treatment. Additionally, your settlement should include some non-economic damages, which consist of compensation for pain and suffering, disability, or loss of enjoyment of life. If you still require medical treatment or if you’re still struggling with your injuries, your settlement should include compensation for those factors as well. Determining a fair settlement can be complicated, so if you’re feeling confused or unsure about what an insurance company is offering you, you can always speak with a car accident attorney.
Working your way through a car accident claim can be confusing and challenging. Fortunately, a car accident attorney can help you reach a fair resolution, and without significant financial risk to you. If you have been in a car accident and have questions about your claim, contact our offices today.