Casey is a founding partner at River Run Law Group. Casey has tried numerous cases across the Commonwealth in both General District Court and Circuit Court. He has earned millions of dollars for his clients through trials, mediations, and settlements.
Knee injuries are one of the most common injuries following a car accident. Given the position of car occupants, this probably doesn’t come as much of a surprise.
However, knowing what to expect in the wake of an accident isn’t necessarily intuitive. This is especially the case once insurance companies get involved.
If you suffered a knee injury in a car accident, a settlement might be your goal, but how do you ensure the insurance company is fairly compensating you for your injuries?
Read on to learn more about what goes into the car accident knee injury settlement process. If you have questions, please contact the car accident lawyers at River Run Law today.
Average Car Accident Knee Injury Settlement
It’s tough to give an exact average for knee injury settlements from car accidents because every case is different. However, here’s a general idea of what you might expect:
- Minor Knee Injuries: Settlements for these usually range from $5,000 to $15,000. These injuries might need minimal treatment and have a quicker recovery time.
- Moderate Knee Injuries: For more significant issues like ligament tears or moderate fractures, you can expect settlements between $20,000 and $50,000. These cases often involve more extensive treatment and a longer recovery.
- Severe Knee Injuries: Severe injuries, such as multiple fractures or those causing long-term disability, can lead to settlements of $50,000 to $100,000 or more. These higher amounts account for major medical expenses and the impact on your life and ability to work.
Keep in mind that the final amount can vary widely based on factors like the injury’s severity, medical costs, lost wages, and fault. For a precise estimate tailored to your case, it’s best to consult with an experienced Virginia car accident lawyer.
Most personal injury lawyers offer free consultations and only get paid if they recover money for you, so there’s no risk in reaching out for advice.
What Is a Personal Injury Settlement?
In the personal injury context, a settlement refers to an agreement between the injured party and the at-fault driver.
Essentially, the at-fault driver (usually through their insurance company) pays the injured party an agreed-upon amount of money.
In exchange, the injured party agrees not to pursue a lawsuit against the driver or their insurance company.
This is the most common way that personal injury cases conclude. As long as all parties act reasonably and are willing to compromise, everyone benefits because no one has to prepare for or suffer through a protracted and expensive trial.
Often, settlement negotiations start before a lawsuit is even filed. For example, once you contact an attorney, they will usually attempt to resolve the case with the insurance company without filing a lawsuit.
Of course, these early negotiations don’t always materialize into a settlement because neither party has the benefit of full discovery at such an early stage.
Therefore, settlement negotiations often continue well into the pre-trial process.
What Does the Insurance Company Consider When Making a Knee Injury Settlement Offer?
It helps to know what goes into the insurance company’s decision-making process when you want to understand what your car accident knee injury settlement might look like.
Chances of Winning at Trial
Insurance companies typically settle cases because they fear that taking the case to trial will end up costing them significantly more money than settling.
So, one of the first things an insurance company looks at is its chance of successfully defending against the claim in court.
For example, if there is any way the insurance company can argue that you were even partially at fault for the accident, you can bet that’s exactly what they will do.
When an insurance company thinks it will win at trial, it may not offer a settlement at all.
Extent of Injuries
More often than not, however, if there are verifiable injuries, an insurance company will have an interest in settling the case.
To come up with a settlement amount, the insurance company will look at the nature and extent of your knee injuries.
The more serious the injury and the more expensive the treatment—the higher the settlement offer.
Other Economic Damages
Of course, damages in a car accident claim are not limited to your physical injuries. You should also expect to recover your lost wages and any decrease in earning potential.
Lost wages refer to the money that you would have made if you had not suffered a knee injury.
For example, if your job requires you to stand for long periods of time, you probably couldn’t work while you were recovering—and a car accident settlement should reflect this.
Additionally, suppose you suffered serious knee injuries to the extent that you can no longer work at your previous occupation.
In that case, you might also qualify for compensation based on your reduced earning capacity.
Non-Economic Damages
Finally, you should also account for your non-economic damages. Non-economic damages refer to your pain and suffering and the overall psychological impact that the accident had on your life.
For example, if you were an avid basketball player, the fact that you suffered a debilitating knee injury may keep you on the sidelines for the rest of your life.
This is something that the insurance company should consider when calculating a settlement.
Wondering how much you might recover for your knee injury? Call our attorneys at (828) 414-8614 for a free consultation of your case.
Have You Suffered Knee Injuries in a Car Accident?
If you or a loved one recently suffered serious knee injuries after a Virginia car accident, reach out to the experienced Virginia injury lawyers at River Run Law.
We’ve recovered millions of dollars in compensation on behalf of our clients and their families over the years.
We also handle other types of personal injury cases, including workplace accidents, motorcycle accidents, slip-and-falls, dog bites, and everything in between.
To learn more and schedule a free consultation with a Virginia car accident lawyer today, reach out to River Run Law at (804) 889-0500. You can also connect with us through our online contact form.
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