How Much You Can Expect From An Uber Accident Settlement

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The rapid growth of rideshare companies like Uber has meant more and more vehicles on the road driving for the service. This increase in the number of vehicles driving for Uber has corresponded to an increase in the rate of Uber accidents or accidents caused by an Uber driver or involving an Uber vehicle. Injuries that result from Uber accidents create significant financial liability, so New Jersey law has placed much of the responsibility for injuries caused by their drivers and suffered by their passengers onto Uber itself. Uber is legally required to carry significant insurance coverage to pay out claims that the company and its drivers are legally responsible for.

In many cases, Uber accident claims are ultimately resolved through a settlement that pays an injured victim an agreed-upon amount of compensation. If you have been injured in an Uber accident and decide to pursue a settlement for compensation, how much financial recovery might you expect to obtain? 

Read more: What to Do if You Are in an Accident With Uber in New Jersey

Factors That Affect the Value of an Uber Accident Settlement

An Uber accident settlement should provide you compensation for losses such as medical bills, lost wages and future earnings, and pain and suffering. But arriving at an exact dollar figure for what these losses may total up to in a settlement may depend on various factors, including:

• Liability for the accident -- If you were a passenger in an Uber that got into the accident, you may be able to seek full compensation from Uber. But if another driver caused the crash, you will have to turn to your own personal injury protection for compensation. This is because New Jersey is a no-fault accident state. 
• The severity of your injuries -- You certainly will want to obtain compensation for your documented medical expenses and lost income. If your injuries were not serious, these losses may not add up to much. In addition, if you did not suffer serious injuries in an Uber accident, you may have a difficult time getting much compensation for intangible losses such as pain and suffering or lost quality of life. 
• The amount of insurance coverage available -- Depending on the circumstances of the Uber accident, the rideshare company may have insurance coverage that totals into the seven figures. But if multiple people suffer catastrophic injuries in the accident, even a large amount of insurance coverage can be quickly depleted. Of course, an Uber accident may only trigger lower limits of insurance coverage depending on whether the driver was using the app at the time of the accident, which you and others might quickly exhaust.

How Long Will an Uber Accident Settlement Take?

Unfortunately, it is usually difficult to estimate how long it may take to negotiate a settlement following an Uber accident. The settlement process can be complicated by difficulties in investigating the crash and determining who bears legal responsibility for the accident. Negotiations may also proceed slowly if Uber or other at-fault parties deny liability for the accident or your injuries. If many people suffered injuries and losses, that can also slow down the settlement process. For a simple claim, you might be able to reach a settlement in as little as a few months, while more complex cases can take years to resolve.

Contact a Rochelle Park Personal Injury Lawyer to Discuss Your Uber Accident Case in New Jersey

Did you or a loved one sustain serious injuries due to an Uber accident in New Jersey? Don’t let the medical bills pile up while you wait for the negligent party or their insurance company to do the right thing. Right now, you need an aggressive personal injury attorney on your side, fighting to get you the compensation you need, want, and deserve. The skilled attorneys at The Epstein Law Firm, P.A. represent clients injured because of Uber accidents in Jersey City, Union City, Bayonne, Hoboken, and throughout New Jersey. Call (201) 380-7687 or fill out our online contact form to schedule a free consultation about your case. We have an office conveniently located at 340 West Passaic St., Rochelle Park, NJ 07762.

The articles on this blog are for informative purposes only and are no substitute for legal advice or an attorney-client relationship. If you are seeking legal advice, please contact our law firm directly.