How Are Auto Accident Settlements Calculated in Conway, AR?

Posted on

Arkansas has one of the highest rates of car accidents in the United States. Road accidents not only occur on the highways, but in almost every city, including Conway, AR. If you were hurt in a car accident, you might be entitled to car accident compensation. Whenever there is an auto accident in Conway, Arkansas, it is important for the parties involved in the car accident to know how accident injury compensation works and what possible damages they can recover through auto accident settlements.

The first thing to understand is that in Conway, Arkansas, the same rules apply when it comes to minimum liability coverage. It is this coverage that will cover any damages or injuries if someone was hurt in a car accident or if there was any property damage. The law in Conway, AR states that in order to operate a motor vehicle, all drivers have to carry the minimum amount of coverage as follows:

  • $15,000 per individual for bodily injury liability
  • $10,000 for property damage
  • $30,000 per accident when more than one individual suffers injuries

When a car accident occurs in Conway, these insurance minimums will pay car accident compensation and will cover any medical bills for those hurt in the car accident. In case there is no insurance coverage, the person responsible for causing the accident will still be held liable for accident injury compensation. It is thus very important to be aware of how auto accident settlements work in Conway, AR.

Calculating Auto Accident Settlements in Conway, Arkansas

If you were hurt in a car accident and suffered damages or injuries, you can recover damages by filing for car accident compensation. Accident victims can recover damages through auto accident settlements. Auto accident settlements are usually mutually agreed between the parties involved in the accident. However, the actual value of the settlement involves a lot of factors because no two car accidents are the same; the damages and severity of injuries may vary. The number of people hurt in a car accident can also be different.

However, in most cases of auto accidents in Conway, auto accident settlements are determined based on the following factors:

  • The damage to the car and cost of repair
  • The drivers’ insurance coverage
  • Total medical bills
  • Lost wages
  • Level of pain and suffering

When seeking accident injury compensation, the final calculation of medical bills is usually an estimate because it is hard to predict what the final bill for a severe injury may be. For example, a person with severe injuries to his leg/brain may need extensive rehabilitation therapy for months or even years. In such cases, auto accident settlements consider previous cases and accident injury compensation approved and then determine the car accident compensation.

As far as pain and suffering is concerned, calculating accident injury compensation can be fairly complicated and subjective. The amount calculated depends on the type of injuries, the extent of treatment required, the doctor’s report and any future discomfort that will continue to occur for the person hurt in a car accident.

In many cases, the actual medical bill is multiplied by 1 or 5 times depending on the extent of injuries. For example, if you developed a broken bone and the medical bill was $10,000 then this is considered a moderate injury and will be multiplied by two to come to a final figure of $20,000. However, if you had a severe brain injury and the cost was $50,000, then this is multiplied by 5, and the final cost will be $250,000. The point is that auto accident settlements are based on the level of injuries, the extent of damage and the long-term consequences on the injured parties. Accident injury compensation can thus vary from one individual to the next.

Consult with a Conway Car Accident Lawyer About Auto Accident Settlements

If you have been hurt in a car accident in Conway, Arkansas, you should seek assistance from a car accident lawyer. At Denton & Zachary, we have a legal team that is reliable, relentless and respected. Our lawyers will ensure that your auto accident settlements are in line with the level of damages that you have incurred. Accident injury compensation cases can be fairly complicated and that is why if you have been hurt in a car accident, it is important that you let us handle the details of your car accident compensation claim.

Reach out to our team today for a free consultation and we can discuss your accident injury compensation claim and the extent of damages that you can recover in the form of car accident compensation. Remember, auto accident settlements need to be filed within a specified time frame, and you don’t want to lose the chance of receiving your car accident compensation.

Get Help Now

501-273-1695 It's Easy to Get Started
Either call or fill out the form below to speak with a dedicated attorney from our team
100% Secure and Confidential