After you have suffered critical injuries in a pedestrian accident, you may be wondering how much you could be awarded. The amount of compensation awarded in pedestrian accident lawsuits can vary widely on a case-by-case basis. There is no average settlement for pedestrian accident damages. However, with help from an experienced attorney, you may be able to recover your damages and fall.
While you wait for your pedestrian accident settlement to come through, High Rise Financial is here to help. You can access your settlement funds in advance, cover your costs, and begin rebuilding your life as soon as tomorrow. Contact our team of dedicated loan specialists to apply today.
How Pedestrian Lawsuits Are Paid
Although you may have suffered critical injuries in a pedestrian accident, and you are ready to demand the liable party pay, you may be unsure of how these pedestrian accident settlements are paid out.
There are multiple ways in which you may be able to recover compensation for your damages. However, generally, pedestrian accident victims have the opportunity to file a claim with the liable party’s insurance company or bring their case to court. Here is more:
One of the top ways pedestrian accidents can recover compensation for their suffering is by filing a claim with the liable party’s insurance provider. You may also have the opportunity to file a claim with your own insurance provider if you purchase personal injury protection (PIP) or no-fault coverage.
Some states are fault-based, requiring injury victims to file claims with the liable party, whereas other states are no-fault states and allow injury victims to file a claim with their own insurers. Even if you live in a false state, if you purchased a no-fault coverage of your own, you may have the option to file an insurance claim.
Since these matters can often become complex, having your attorney review the circumstances of your pedestrian accident case will determine your opportunities for filing an insurance claim and how much you could be awarded. Generally, insurance settlements are limited to specific types in an ounce of coverage. Fortunately, the same is not true in civil court.
Bringing your pedestrian accident lawsuit to court may be in your best interest if you hope to get the most out of your claim. In dealing with the insurance company, your compensation could be limited. However, at trial, you have the right to be made whole. You have the right to be repaid for every way your pedestrian accident and resulting injuries have affected your life.
Although some states may have caps on the amount of compensation you can be awarded, many states have also ruled that caps on damages are unconstitutional. Find out how much you could be awarded through a pedestrian accident lawsuit, and be sure to go over your damages with your attorney.
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Damages You Could Recover In Your Case
You may be interested in learning more about how you can figure out what your pedestrian accident claim is worth. To do this, you must consider how your life has been impacted by your pedestrian accident and subsequent injuries.
Ultimately, you are entitled to compensation for every single loss. Even a seemingly minor loss can be taken into account, depending on the circumstances of your case. To ensure every loss is considered, your lawyer will separate your damages into the categories known as economic damages and non-economic damages.
Economic damages account for all of your monetary losses. Some examples of economic damages awarded in pedestrian accident lawsuits could include:
- Current and future medical costs and equipment fees
- Loss of household services
- Reduced earning capacity and loss of income
- Costs of increased insurance premiums
- Damage to your creditworthiness
- Costs of property damages
However, these are only the financial losses you may have experienced. What about the ways your life has been affected? The emotional trauma and physical stress of what you have been through should be compensated for it as well.
Examples of non-economic damages you could seek restitution for following a pedestrian accident include:
- Loss of consortium
- Emotional distress and mental anguish
- Pain and suffering
- Loss of enjoyment of life
- Disfigurement and skin scarring injuries
- Inconvenience and damage to your reputation
It is also possible punitive damages could be awarded in your pedestrian accident. Generally, it is at the court’s discretion as to whether punitive damages should be awarded, as they are not compensatory losses. This means they are not damages you are entitled to recover but are instead awarded when the defendant needs to be punished for intolerable, grossly negligent, or abhorrent conduct.
How Long Will It Take to Receive Your Settlement?
It could be a substantial amount of time before you receive your pedestrian accident settlement payout. Even after a settlement agreement has been reached or a trial verdict has been rendered, it could be months or longer before your money comes in. Once your personal injury check comes in, it could be held by the bank while it waits to be cleared.
How to Get Your Costs Covered Today
Instead of waiting for your pedestrian accident settlement to come in far into the future, you can stop struggling financially as soon as tomorrow.
In just 24 hours, High Rise Financial loan specialists could get your application for pre-settlement pedestrian accident funding approved. If you are working with an attorney, have a pending settlement, and meet our other requirements, you could access legal funding and finally find financial relief.
Complete a Free Application form now
Contact High Rise Financial for Pedestrian Accident Pre-Settlement Funding
The amount of compensation you could be awarded in your pedestrian accident lawsuit will be based on many factors. Your attorney will be working tirelessly to get the most out of your claim.
Get access to the pre-settlement funding you need when you need it most. Contact High Rise Financial for pedestrian accident pre-settlement funds. Fill out our loan application today or contact our loan specialists for help.