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Summary
The average payouts for t-bone accidents range from $20,000 to $150,000.
Table of Contents
Average Payout for a T-Bone Accident
The average payout for a t-bone car accident is around $20,000 to $150,000.
However, t-bone accident settlement ranges depending on numerous factors such as the severity of injuries and amount of property damage, meaning that t-bone accident ranges can well exceed $150,000 and even reach $500,000 to $1,000,000.
To understand your case completely and find out the total settlement amount you're entitled to, it's recommended that you speak with an experienced personal injury attorney from our law firm today by calling (702) 566-3600.
Do You Pay Taxes on a T-Bone Crash Settlement?
Generally, t-bone accident settlements are not taxable as the IRS does not impose taxes on compensation meant to reimburse someone for physical injuries, medical expenses, and vehicle repairs.
However, while a large percentage of a t-bone settlement will not be taxed, there are portions of the settlement that will be taxed, such as:
- Lost Wages: Parts of the compensation to cover lost income will be taxed.
- Emotional Distress Damages Not Caused by Physical Injuries
- Punitive Damages: Damages awarded by the court that are meant to punish the at-fault driver are taxed.
While the listed above are taxed in settlements, those living in Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming will not have state taxes imposed on their compensation.
What Is Considered a Good Settlement for a T-Bone Car Accident?
A good settlement for a t-bone car accident is one that completely compensates you for all the injuries and damages you incurred due to the t-bone collision.
However, a good average settlement for a t-bone car wreck based on injuries is:
- Minor Injuries: $20,000 to $50,000
- Moderate Injuries: $50,000 to $200,000
- Severe Injuries: $200,000 to $500,000
To learn what is considered a favorable settlement for YOUR case, schedule a free consultation with a Las Vegas car accident lawyer today by calling (702) 566-3600.
What Factors Can Affect a T-Bone Car Accident Settlement
Many factors affect t-bone collision settlements, with the major factors influencing compensation outlined below.
Severity of Injuries
Whether you experience a major or minor injury will significantly impact your compensation.
If you suffered injuries such as spinal cord injuries, broken bones, or traumatic brain injuries, you may be entitled to a larger-than-average settlement when compared to minor injuries such as bruises or whiplash.
Medical Treatment Costs
If the injuries sustained in the t-bone accident required extensive medical care and resulted in costly medical expenses, you'll be entitled to a larger settlement.
It's important to note that when seeking a fair settlement for medical bills, it's crucial that you include past, present, and future medical expenses for any serious injuries, such as spinal cord damage or traumatic brain injuries.
Lost Wages & Loss of Earning Capacity
The amount of work and income you lose out on due to the t-bone accident will significantly impact your final compensation.
In addition, severe accidents that result in permanent disabilities, resulting in you not being able to return to work or not being able to work at full capacity, can result in higher payouts.
Liability & Fault
The amount of fault you or the other party holds will affect the amount of compensation you receive.
If the other driver is a majority or fully at fault for the t-bone accident, you may be entitled to maximum compensation; however, if you share an equal or substantial amount of fault for the t-bone accident, your compensation will be reduced by the percent you're determined to be at-fault under the comparative negligence rule.
Determining fault requires a significant effort, especially if the T-bone accident is complex or large. To avoid complications with fault or liability, it's recommended that you contact a personal injury lawyer in your area.
Insurance Coverage Limits
The policy limits of the at-fault driver's insurance company set a settlement cap on your case.
This means that if the costs of the damages you sustained in the t-bone accident exceed the at-fault parties policy limit, you may need to seek further compensation through your own insurance company or a lawsuit.
How Can You Determine Fault in a T-Bone Accident
Determining the fault of the other driver is crucial in obtaining strong t-bone accident settlements and can be done by:
- Proving That You Had the Right of Way: If the other driver ignores a traffic light or makes a left turn without yielding, you can use that you had the right of way to prove the other driver's fault.
- Dashcam or Traffic Camera Footage: Video evidence is one of the strongest forms of evidence used to prove fault, as it clearly and undoubtedly shows what happened.
- Witness Statements: A detailed statement from a witness can help confirm any claims you made, such as if you had the right of way.
- Accident Reconstruction: In more complex t-bone car accidents, you may use accident reconstruction experts to rebuild the accident and explain what happened.
How to Maximize Your T-Bone Accident Settlement
Knowing how to maximize your t-bone accident settlement is crucial if you seek to obtain an above-average payout.
However, maximizing a settlement can be complicated as the insurance companies seek to pay out as little as possible, so it's recommended that you enlist the help of a local car accident lawyer to help ensure maximum settlement.
Seek Medical Treatment Immediately
No matter how you feel after the t-bone accident, you must visit the hospital or receive a checkup from a medical professional.
Doing so can ensure good health and obtain medical records for your medical bills and injuries, which can work as strong evidence and help you recover compensation.
Gather Evidence
Gathering evidence is key to maximizing your settlement t-bone collisions.
However, knowing what evidence to prioritize is key as you should try to get:
- Photos and videos of the accident scene
- Copies of any police reports and accident reports filed
- Witness statements and contact information
- Medical bills
- Receipts of damages
Obtaining substantial evidence to win your case can be tricky, and you may need to enlist the help of a Las Vegas personal injury attorney.
Avoid Quick Settlement Offers
Insurance companies often offer accident victims a quick initial settlement in hopes that the victim will accept the settlement.
However, this quick settlement offer is often significantly lower than the claim's worth.
Knowing your case's actual value is vital before you accept any offer from the insurance companies, so you should consult with an attorney to learn the true worth of your claim.
Hire a T-Bone Accident Attorney
Hiring a t-bone accident attorney to fight on your behalf greatly increases your chances of obtaining a larger settlement.
This is because a T-bone accident lawyer can build a winning case, speed up the legal process, and take your case to court if negotiations fail.
How Long Does a T-Bone Accident Settlement Take?
The settlement process for T-bone collisions can take a few months to over a year.
However, the amount of time it takes to settle a case can depend on numerous factors, so it's important that you consult with a t-bone accident attorney to learn how long your case may take.
Typical T-Bone Accident Settlement Timeline
The timeline for t-bone accidents will typically go in these listed stages:
- Immediate Aftermath (Days to Weeks): This stage occurs after the accident and includes seeking medical attention, filing a t-bone accident claim, and gathering basic evidence such as photos and witness statements.
- Medical Treatment & Recovery (Weeks to Months): Settlements heavily depend on recovery time and severity of injuries, so to ensure an accurate settlement request, the victim must receive as much medical care as the statute of limitations allows.
- Negotiations (Months to a Year): Once medical treatment is completed and medical bills and other damages are accurately counted, your lawyer will send a demand letter to insurance and begin negotiations. Depending on how much your attorney is asking for will generally determine how long this stage will take.
- Filing a Lawsuit (Months to 1+ Years): If negotiations with insurance fail, your attorney will file a lawsuit and may take your case to court to seek compensation. The process of filing a lawsuit will include discovery, depositions, and a trial (If necessary).
To speed up your settlement, hiring an attorney is recommended, as they will be able to navigate the legal system efficiently.
Obtain the Compensation You're Entitled To
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Rodney Okano Car Accident Lawyer is a Las Vegas personal injury law firm with over 20 years of experience helping clients obtain maximum compensation following injuries from accidents such as car crashes, worksite injuries, and slips and falls. Over those years, The Rodney Okano Car Accident Lawyer Law Firm has become an experienced law firm that can ensure exceptional results for any of its clients.
