If you are involved in an auto accident and you sustain injuries, there is a strong chance your case will settle before going to trial. Often, drivers enter into a settlement agreement with the at-fault party’s insurer early in the process. If negotiation with the insurer does not result in a reasonable settlement offer, you … Read more
If you are involved in a car accident caused by another motorist, you have a legal right to pursue full financial recovery for your damages. For most people, the best course of action is to retain an experienced personal injury attorney who can help you claim the compensation you deserve. Who Is Responsible for Costs … Read more
If you suffer injuries due to another party’s negligence, you could be concerned about the IRS taking part of your settlement. For anyone who has back taxes, it is possible the IRS will take part of a personal injury settlement. If there is already a lien on any of your personal property, the IRS could … Read more
The basic legal insurance requirements in any given state is also known as the state minimum insurance. While most states mandate some form of car insurance, the specific coverage amounts required differ from state to state. What Is Minimum Car Insurance? New Hampshire is the only state that does not require a minimum amount of … Read more
If you are involved in an auto accident, the experience can be distressing and traumatic. Along with receiving the right medical care, the potential financial consequences of the accident are usually uppermost on the minds of accident victims. One of the most common concerns is whether your car insurance will go up as a result … Read more
If you are involved in a car accident, you may think you will receive compensation from an insurance company, but have you considered that you may need to sue the other party to recover damages? The more severe the car wreck, the more costly your recovery will be. Even a trip to the emergency room … Read more
Tax laws have changed recently, and there have also been changes to what counts as deductible, so you may be wondering if you can deduct attorney fees from a car accident settlement. Deductible legal fees The enactment of the 2017 Tax Cuts and Jobs Act saw sweeping changes to tax laws impacting most taxpayers. One … Read more
Most estimates show the average settlement for a car accident causing physical injuries is between $15,000 and $20,000. For accidents causing only property damage, settlement values are much lower, averaging just over $3,000. The overall value of a car accident settlement hinges on the following variables: Losses sustained by the victim At-fault party’s insurance policy … Read more
Insurance companies use the following three variables when determining car settlement amounts: Liability Damages Terms and limits of insurance policy Assuming liability is clear, the insurer’s claims adjuster establishes the value of the victim’s losses relative to policy limits. All of the above factors come into play when insurance companies determine the value of car … Read more
Auto insurance laws are made at a state level in the United States, with a state able to choose between being a tort liability state, a no-fault state, or a combination of these two approaches. Whether you are getting auto insurance for the first time or you’re looking to switch providers, knowing the difference between … Read more