Florida: What to Do After a Car Accident
Like most obstacles in life, car accidents can be unpredictable and come with no warning. However, the resulting hardships for those injured in a wreck can be long-lasting and raise many hard questions. How will I pay my rent and my medical bills? Who will pay me my settlement? How long does the process take to receive compensation?
If you’re asking yourself these questions, the first thing to know is that you’re not alone. In fact, according to the Florida Department of Highway Safety and Motor Vehicles, over 230,000 people in Florida were injured in a car accident in 2017 alone.
You can’t predict when an accident will occur, but you can be prepared to know the best way to handle it and get the most out of your settlement. Here’s what you need to know:
How Can I Get The Most Out of My Settlement?
The key to getting the most money out of your car crash injury settlement is this: The more information, proof, and details of the incident you have, the better. This can include all of the following:
- Police reports
- Witness testimonies
- Photographs of the crash
- Car repair cost
- medical treatment and expenses
- Amount of time out of work
More often than not, you will be dealing with the other party’s insurance provider rather than the individual. Therefore, it is a priority to take down all of the other person’s insurance information at the scene of the accident. In most cases it makes sense to hire a competent personal injury attorney to help you navigate the legal process and help in receiving the full compensation you deserve. With all of this information at hand, your attorney will be able to work with the insurance providers and determine how much you may potentially receive in compensation.
What is my case worth?
The value of one’s case typically depends on a combination of your injuries, lost wages and insurance policy limits available to recover from.
Injury - When determining the value of someone’s injuries insurance companies will consider the type of injuries, the medical treatment required to recover, the total cost of medical treatment, the lasting permanent effects of the injuries and more.
Wage Loss - Wage loss claims are determined by the amount of work that has been missed plus future work that you are unable to perform.
Insurance - Lastly, you can only go after the amount of insurance that is available. In Florida a minimum policy could be as little as $10,000 but could as much as $300,000 or $1 million plus if there is excess insurance or commercial polices available.
Does It Matter Who’s At Fault?
Florida’s PIP coverage is a “no-fault” policy. This means that you are eligible to receive $10,000 in coverage for your injuries regardless of who caused the accident. Your PIP coverage extends to immediate family members and passengers who are not covered at the time of the accident as well. For more information, visit the Florida Department of Highway Safety and Motor Vehicle’s information page here
How Long Does It Take To Reach A Settlement
It may take a long time before a person is able to receive cash from their expected settlement. That time can range from six months to multiple years. The amount of time it takes depends on the severity of the accident, the injury and if the case can be settled or requires litigation. This leaves many wondering when they’ll ever see the cash that they need, especially with medical costs piling up and work hours lost due to injuries.
How Can I Receive The Cash I Need Now?
There are resources to help you receive the cash you need today while you wait for your case to be resolved. For instance, Bridgeway Legal Funding can provide you with what is called a pre-settlement advance. They can advance you the cash you need now to cover everyday expenses, car payments and necessary living expenses which gives your attorney the time to fight for the full value or your case. A pre-settlement advance is non-recourse advance, not a loan, so if your case is unsuccessful, you do not have to repay the advance. Bridgeway will typically advance up to 10% of the value of your case.
The process to receive an advance from Bridgeway is easy and fast. Simply contact Bridgeway by calling 1-(800) 531-4066, or by going to the link here (put in our web site) Once your request is received, a representative from Bridgeway will talk to you about your accident,then contact your attorney to request some details for your injury claim. Advances can typically be made within 24 hours of contacting Bridgeway.
All residents of the state of Florida may qualify to receive a pre-settlement advance from Bridgeway Legal Funding.