How Much Should a Car Accident Settlement Offer be for in Maryland?

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A car accident can swiftly change a person’s life in a matter of seconds. After being injured in a car accident, a victim can seek compensation in a number of ways, like agreeing to a settlement with the negligent driver or his insurance company. However, there are a variety of factors that should be considered before agreeing to a settlement offer. If you require assistance handling your car accident claim, you should consult with an experienced Baltimore car accident attorney as soon as possible. Rice, Murtha & Psoras has fought for clients in a variety of car accident cases, and we are prepared to offer you the unique legal representation you deserve. Car accident injury attorney Randolph Rice is here to explain much a car accident settlement in Maryland is worth.

Determining the Value of a Car Accident Settlement in Maryland

If you were injured in a car accident in Maryland, you should seek compensation from the driver that caused your injuries. A victim can seek compensation through an insurance settlement or a personal injury lawsuit. The value of a car crash settlement is not easily determined. There are a number of factors that should be considered that can help a victim assess the value of their case.

Maryland is an at-fault state for car insurance. This means that the victim of a car accident can seek compensation from the individual that caused the accident directly instead of first consulting their personal insurance company.

When seeking compensation through an insurance settlement, a victim should be aware that the opposing insurance company will not be on their side. In fact, the insurance company may take steps to minimize your claim. For example, an insurance claim adjuster may question a victim about whether they were partly responsible for the accident, in order to decrease their liability for the accident.

If a victim is successful in receiving compensation from an insurance company, there may still be other factors to consider before agreeing to the settlement. For example, if the negligent driver had the minimum insurance coverage necessary to operate a vehicle in Maryland, the compensation provided in the settlement may not be enough to compensate the victim.

The severity of the victim’s injuries and the damage to their vehicle should be considered before agreeing to a settlement. If the terms of a settlement are not sufficient to handle all the victim’s expenses, it may be wise to seek a personal injury lawsuit instead.

To learn more about filing a personal injury lawsuit against a negligent driver, you should consult with an experienced Baltimore personal injury attorney.

Why You Should Consider a Filing a Lawsuit Instead of a Car Accident Settlement in Maryland

There are various benefits to pursuing a personal injury lawsuit instead of a car accident settlement. As mentioned, a victim may not receive an adequate amount of compensation for their injuries. However, deciding to file a personal injury lawsuit may deal with that issue and many other problems.

A personal injury lawsuit will not limit the amount of money that a victim can receive for their injuries. For example, if a victim incurred $100,000 worth of damages due to a car accident, the victim could pursue that amount from the negligent driver. Additionally, if the victim can prove damages like pain and suffering or similar losses, this can increase the amount of damages earned.

Compensatory damages for a personal injury case are based on economic and noneconomic losses. For example, the amount of money needed to repair a damaged vehicle would be considered economic damages. Noneconomic losses are based on issues that are unique to the case, like pain and suffering damages. The following is a list of damages a victim can be awarded for winning a personal injury claim:

  • Loss of wages/future loss of wages
  • Medical expenses
  • Emotional distress
  • Loss of consortium

This is not an exhaustive list. It is important to know that punitive damages may also be available for a personal injury claim. These types of damages are awarded if the defendant has committed a particularly egregious action. You should not assume that punitive damages will be awarded in a case without consulting with your Maryland personal injury attorney.

Rice, Murtha & Psoras would be honored to work with you on your car accident case. We recognize that a victim of a serious car accident just wants to move on with their life, and we can help you resolve your legal claim. Do not hesitate to contact us as soon as possible, as waiting too long to file a personal injury lawsuit could negatively impact your cases in a variety of ways.

Consult with Our Committed Maryland Car Accident Injury Lawyer to Discuss Your Settlement Offer

If you or a family member was severely injured in a car accident in Maryland, you should contact an experienced Bethesda car accident lawyer today. At Rice, Murtha & Psoras, our legal team has accumulated substantial legal experience litigating complex injury claims, and we are here for you in your time of need. You do not have to fight your car accident case alone. To schedule a free legal consultation to discuss your potential claim, contact Rice, Murtha & Psoras at (410) 694-7291. You can also contact the firm by using our online submission form.


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