How Much Is a Lyft Accident Settlement in Florida?

In Florida, a Lyft accident settlement can range anywhere from a few thousand dollars to over $1 million.

Most people injured in Lyft accidents recover about that range in compensation. However, the specific factors of an accident determine what the plaintiff recovers. If an accident occurs when the app is off, an injured victim can recover a settlement anywhere from $25,000 to $75,000. In Lyft accidents where the driver has the app open, a plaintiff can recover $50,000 to $1 million.

Average Settlement Amounts for Lyft Accidents

The exact settlement amount in a Lyft accident depends on the situation. However, the average compensation can be anywhere from $500,000 to $1 million. How much you can recover depends on the period when the accident occurs: the driver has the app off, the driver has the app on while waiting for a ride request, the driver has the app on while on the way to pick up a passenger or the driver has the app on with a passenger in the vehicle.

Florida’s No-Fault Insurance Laws

According to Florida Statute 627.7407, the state follows no-fault laws for car accidents. Drivers must have at least $10,000 in personal injury protection (PIP) and $10,000 in property damage liability (PDL) coverage with their car insurance. No-fault laws mean that everyone is responsible for covering their damages in an accident.

Statute of Limitations for Lyft Accident Claims in Florida

Florida Lyft accident claims are based on negligence. According to Florida Statute 95.11, the statute of limitations for filing a claim is two years from the date of the accident. If you wait too long to file, you can miss your chance at recovering compensation.

Differences Between Lyft and Traditional Car Accident Settlements

There are notable differences between Lyft and traditional car accident settlements. Most Lyft accident settlements come from Lyft’s insurance policy and can be at least $50,000. Traditional car accident settlements usually result in lower settlement amounts. Drivers typically rely on their own auto insurance for compensation.

Lyft’s Insurance Coverage Explained

Depending on the situation, Lyft’s insurance coverage varies. If the driver has the app off, their auto insurance applies if they get into an accident.

When the driver has Lyft’s app on while waiting for a ride request, the rideshare company’s insurance kicks in. Coverage includes $50,000 per person for bodily injury, $100,000 per accident for bodily injury and $25,000 per accident for property damage.

When the driver has the app open and is on their way to pick up a passenger or has a passenger in the vehicle, Lyft’s $1 million policy applies. If an accident occurs, the insurance pays via PIP, MedPay and occupational accident coverage.

Types of Damages Victims Can Claim in Florida

Victims can claim different types of damages in Florida. These include economic damages, noneconomic damages and punitive damages.

Economic Damages

Economic damages have specific monetary amounts. This makes them easy to track and difficult to dispute in an injury case. Examples of these damages are medical expenses and lost wages.

Noneconomic Damages

Noneconomic damages don’t have any particular financial amounts. This is because they’re linked to ways the accident has impacted you psychologically, mentally and emotionally.

Punitive Damages

According to Florida Statute 768.72, the purpose of punitive damages is to punish the defendant for outrageous behavior. They may be awarded to a plaintiff if a Lyft accident is caused by gross negligence or recklessness.

Calculation Methods for Settlement Values in Florida

There are calculation methods for settlement values in Florida. They are determined through factors affecting injury severity, the impact of lost wages on settlements and by assessing pain and suffering.

Factors Affecting Injury Severity

In Florida, many Lyft accidents result in noneconomic damages on top of economic ones. This requires calculation methods for determining settlement values. The multiplier method uses a number between 1.5 and 5 based on damage severity. In minor accidents, a smaller number is used, but in severe accidents, a higher number is used. Multiplying this number with the value of economic damages can give you an idea of an appropriate settlement.

Impact of Lost Wages on Settlements

If you can’t work because of your injuries, you’re entitled to lost wages. This also considers loss of earning capacity if your injuries are severe.

Assessing Pain and Suffering

Pain and suffering damages are calculated using the multiplier method. The more severe it is, the higher a number should be used when determining your total settlement.

Establishing Liability in Rideshare Accidents in Florida

Often, the rideshare driver is responsible for a Lyft accident. However, depending on the circumstances, the rideshare company might share liability with the driver. Whatever the case, reviewing the evidence to determine the liable party or parties is crucial to ensure you can recover compensation.

The Importance of Hiring an Experienced Attorney in Florida

Lyft accidents are often complex and require expertise. This stresses the need for an attorney experienced in these types of cases. They can determine how to proceed and get you the best compensation.

Steps Involved in the Claims Process in Florida

There are steps involved in the claims process in Florida. They include initial consultation and case evaluation, gathering evidence and documentation, negotiating with insurance companies and filing a lawsuit if necessary.

Initial Consultation and Case Evaluation

During the initial consultation, your attorney will review the facts and evaluate your case. They’ll tell you if you have a legitimate claim and how they’ll handle things.

Gathering Evidence and Documentation

If your evidence is lacking, your attorney can find more to strengthen your case. They’ll inform you of any necessary documentation and review everything to build a strong case.

Negotiating with Insurance Companies

Lyft accidents require dealing with an insurance company. Some cases involve more than one. Your lawyer can negotiate with an adjuster to get you a satisfactory settlement.

Filing a Lawsuit if Necessary

Finally, your attorney can file a lawsuit if your claim fails to settle. They can represent you in court to get you the compensation you deserve.