Asked in Personal Injury for Georgia

Q: What is the amount for settlement claims?

I was offered $500.00 for settlement in an at-fault accident where my car was totaled. Is that a sufficient and fair amount from the opposing insure?

Related Topics:
1 Lawyer Answer

Kevin P. Parker

Answered
  • Griffin, GA
  • Licensed in Georgia

A: The determination of what constitutes a fair settlement offer may involve numerous factors such as the limits and applicability of any insurance coverage to your particular situation, and the year, model, mileage, and fair market value of your vehicle. The offer may be fair if in fact your vehicle was worth only $500.00 or your damages totaled only $500.00.

Because the determination of what constitutes a fair settlement offer involves many factors, you should contact a local attorney if you are unsure whether the offer is sufficient and fair.

Disclaimer: This response to your inquiry is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. Any information contained in the content or this service should not be construed as legal advice and is not intended to be a substitute for legal counsel on any subject matter. No attorney-client relationship is formed by this response.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.