Since no two Uber or Lyft accidents are alike, an attorney cannot give you a specific dollar amount regarding how much your settlement could be worth. However, an experienced Orlando car accident attorney can give you an estimate by looking at the circumstances surrounding your particular case.
At Wooten, Kimbrough, Damaso & Dennis, PA, we can examine your case and give you an estimate surrounding how much we think your Uber or Lyft accident settlement amount could be worth. In this article, we’re going to look at the various factors that determine how Uber and Lyft settlement values are calculated along with the average settlement amounts you can expect.
The Factors That Affect How Uber and Lyft Settlement Values Are Calculated
Below you will find the various factors that could affect how your Uber or Lyft settlement values will be calculated. These are not the only factors that affect how settlements are calculated, but they are the most common.
Your past and Future Medical Care
In your Uber or Lyft accident settlement, both past, current, and future medical expenses will be considered during calculations. Since you cannot reopen your Lyft or Uber accident claim to demand more compensation, you will need to include all medical expenses during the initial settlement negotiations. Essentially, your settlement amount should include the entirety of your medical expenses.
The Severity of Your Injuries
In most instances, the more severe your injuries, the more you can claim during your settlement negotiations with an Uber or Lyft driver. Generally, the more severe your injuries are, the more significant your pain and suffering, medical expenses, and recovery time.
The courts and insurance companies usually understand that certain injuries demand more compensation. That’s why they will usually calculate higher settlement amounts for those with more severe injuries.
Pain and Suffering
Usually, economic losses like medical expenses and lost income are easier to calculate than pain and suffering because they are quantifiable. However, even though it is not easily determined, pain and suffering play a crucial role in how much you will receive for your Uber or Lyft accident settlement.
When your settlement amount is determined, a lawyer will evaluate your physical pain and suffering as well as your mental pain and suffering. The more severe your rideshare injuries, the higher your settlement amount for pain and suffering.
Lost Income and Loss of Earning Capacity
Did the injuries you sustained as a passenger during an Uber or Lyft ride cause you to miss work, or did they affect your ability to earn a living? If so, this will be taken into account when your settlement is calculated. This is because you’re entitled to compensation for any income you have lost because of your Uber or Lyft accident injuries.
What Is the Average Uber and Lyft Settlement Amount?
As we mentioned previously, every Uber and Lyft accident case is unique, so there is no base amount you can win. However, on average, Uber accident settlements amount to between $500,000 and $1,000,000, and Lyft accidents amount to between $300,000 and $100,000.
Speak with an Orlando Car Accident Attorney Today to Discuss How Much Your Uber or Lyft Accident Case Is Worth
Being involved in an Uber or Lyft accident can upend your life and leave you with minor or major injuries that can affect all aspects of your life. Suppose you are eager to uncover how much compensation you could be entitled to. In that case, an Orlando Uber and Lyft accident attorney can help you calculate the settlement amount you could receive.
To get a much better idea about how much you can expect from an Uber or Lyft accident settlement, consider speaking with one of our attorneys at Wooten, Kimbrough, Damaso & Dennis, PA. We have more than 50 years of experience helping people recover fair compensation for the injuries they have sustained in accidents. If you would like us to help you calculate the potential settlement amount, you can call us at (407) 843-7060 or contact us here to arrange a consultation.