How Are Car Accident Settlements Determined?

Portner & Shure Law Firm Serving Maryland, Virginia & Washington D.C.


Several insurance companies use a program called “colossus.” Within this program the insurance adjuster inputs data about your accident.

This data includes basic information about your claim. For example, your medical records, information and pictures about the property damage to both cars, lost wages, and the location of the accident.

This data also includes the tax payer ID number of your personal injury lawyer. This is important for a few pivotal reasons.

The carriers know, and remember, which law firms litigate cases and those firms that simply settle because they fear being in a court room.

-Most injury lawsuits do not make it to trial. But, who decides on the acceptability of settlement offers? You should have an experienced lawyer to decide how much your injuries and pain and suffering are “worth,” and how to present the claim so that the insurance company has no choice but to pay what you deserve.

The value of your car accident settlement is also determined by the extent of your injuries. You should go to a doctor that knows how to properly document permanent injury claims. This is especially important because Colossus gives a higher value for injuries that have been deemed permanent.

These settlements are aimed at making injured parties “whole again,” or putting them in the position they were before this accident occurred.

Car accident settlements are negotiated. Hence, the results of your settlement will CONSISTENTLY depend on the parties negotiating. If you do not have someone on your side that is experienced in advocating for you, you will end up settling for a lower amount than you deserve.

Insurance companies are MASSIVE corporations, they are not truly worried about “you,” they simply want to settle for the least amount possible.

The car accident settlement process is complicated. This is why you should hire an experienced lawyer to navigate this process for you.

Contact Portner & Shure, P.A. today to ensure you get the best settlement amount possible.