After an accident with a ride-share driver, your first question is likely, “How much will I get for a Lyft settlement?” There are many factors that contribute to the amount of your potential award. Although every driver who operates a vehicle for commercial purposes must have auto insurance that meets Pennsylvania’s minimum coverage requirements, you may have a claim against the driver of the vehicle.
Learn how Lyft settlements work and how our team of skilled rideshare accident attorneys could help maximize your award. Here are some basic factors regarding how much you could expect in a drive-share claim.
Lyft is a transportation company that provides on-demand ride-sharing services. The business provides its contract drivers with different levels of liability insurance, depending on the stage of the ride. When the individual is on the app and waiting for a pickup request, they can obtain coverage up to $50,000 per person, plus $100,000 for bodily injury and $25,000 for property damage per accident.
If the Lyft driver is enroute to a pickup or has a passenger on board, the amount of third-party liability coverage jumps to a $1 million cap. With that in mind, the maximum settlement you could potentially get from a Lyft claim is $1 million. However, settling on that amount is unlikely. In order to max out this policy, your Soloff & Zervanos legal team must ensure your claim meets certain requirements, typically based on the severity of your injuries.
The primary factor that affects how much you might get for a Lyft settlement is the driver’s status. If the app is off and the rideshare driver collides with your vehicle, the driver’s personal auto insurance coverage would apply, up to their policy limits. In order to qualify for Lyft’s maximum settlement, its driver must be actively working and at fault for the collision. The severity of your injuries and the extent of your damages also significantly impact your potential compensation.
If you can prove you suffered extensively, both physically and emotionally, this evidence would strengthen your claim. With the right documentation, such as extensive medical expenses, proof of lost wages, and the loss of future earnings potential, you may have a good chance of securing a favorable award.
Asking yourself, “How much will I get for a Lyft settlement?” is not enough. You need legal advice from a knowledgeable Soloff & Zervanos attorney. While it is impossible to provide you with an exact figure, we would gather evidence in your unique case that supports a fair amount, depending on the factors of your claim. Contact us to discuss your case and discover how we can help you take full advantage of Lyft’s liability insurance policy to help maximize your settlement.