Car accidents that involve injuries and property damage can be devastating. If you were injured in an accident that was someone else’s fault, you may be wondering how you’re going to pay your medical bills, recoup lost wages, repair your car, and handle any other accident-related expenses you may have.
If you’re wondering how much to expect from a car accident settlement in Columbia, SC, our team is here to help. Continue reading to learn what factors go into settlements and how your possible compensation will be calculated.
Seeking Compensation With Insurance Caps
The value of a car accident settlement depends on what type of insurance each driver has and the maximum limits of each policy.
In South Carolina, the law requires drivers to carry a minimum of $25,000 per person for bodily injury and $50,000 for all persons injured in one accident. These claims may include medical expenses and lost wages.
South Carolina law also requires uninsured motorist coverage equal to the minimum amounts of other coverage and a $200 deductible. For underinsured coverage, which is similar, the law states that insurance companies are required to offer coverage, but you’re not required to add it.
Insurance companies will only pay out up to the maximum coverage, so the difference between the coverage and the losses you suffered falls on the driver who caused your accident. It is crucial for you to have an experienced car accident lawyer on your side to navigate the complex legal system when seeking compensation through a lawsuit.
Compensation You Can Seek After a Car Accident
The settlement you may receive is based on the losses you suffered as a result of the accident. The losses you may be able to seek compensation for include but are not limited to:
- Medical expenses, such as hospitalization, emergency room visits, physical therapy, medications, and adaptive equipment
- Loss of wages from time missed due to the accident or your injuries
- Pain and suffering or emotional trauma
South Carolina’s Law That Could Affect Your Settlement
South Carolina has a comparative negligence law, which means that your total settlement may be reduced if you are partly at fault for your own injuries. For example, if your case is valued at $50,000 and you’re found to be 10% responsible for the accident, your compensation may be reduced by 10%, meaning you would receive $45,000. The law also employs modified comparative negligence, which means that your level of fault must be at or below 50%. If it exceeds that, you’re no longer entitled to compensation. If you think you may have been partly responsible for your accident, contact an experienced attorney for help in determining the validity of your case.
Harris & Graves, P.A. Is Here to Help You Seek the Maximum Amount
How much can you expect from a car accident settlement? If you’ve been injured in a car accident that wasn’t your fault in Columbia, SC, Harris & Graves, P.A. is here to help you seek every penny to which you are entitled. We’re your dedicated partner, and we will work hard to help you seek the compensation you deserve for your injuries. Call us at 803-799-2911 or fill out our online form to get your free case review today!