How Much Is Your Auto Accident Compensation Worth?

Damages resulting from car accidents are designed to compensate victims for their losses. Some of the damages include damages to property, medical bills and pain and suffering.

In New York you have three years following an accident to file a lawsuit. However, waiting too long could harm your case. Evidence could be lost over time or auto accidents destroyed. Witnesses can forget important details.

Damages

In the event of a car crash victims may be awarded compensation for their economic losses like medical bills and lost wages. In addition, they can receive compensation for non-economic losses like discomfort and pain. However, how much your claim is worth will depend on the extent of your injuries and their impact on your life.

A skilled lawyer for auto accidents will help you determine the value of your injuries and damage to property, and then negotiate an acceptable settlement with the insurance company. Be aware that insurance companies are in business to make a profit. This means they will try to settle your claim as low as they can. You require an attorney who will fight to obtain the maximum amount you're entitled to.

In addition to the cost of repairing your vehicle you may also be eligible to claim compensation for personal items that were damaged by the collision. This includes your clothing, shoes and jewelry. You can also receive compensation for expenses related to housekeeping, gardening or childcare, if you cannot do these things yourself due to your injuries.

Your deductible is also part of the equation when determining how much your claim is worth. You'll need to first pay your deductible before the insurance company begins to pay for the damages. You may then sue the person at fault for any remaining damages.

Medical bills

Medical bills arising from a car accident can quickly grow. The cost for an ambulance ride, hospital stay or inpatient care can be the tens of thousands of dollars or more. Furthermore, the cost of physical therapy, prescription drugs and other treatment options can continue to rise as the victim progresses through their recovery.

If the driver is found be at fault in a lawsuit, they are responsible for paying the victim's damages including medical costs. The law does not mandate that the at-fault party pay for medical expenses incurred by their victim on regular basis.

If you do not reside in a state with no-fault laws, the first step to take for medical bills compensation is to apply to your auto accident lawsuits insurance provider for PIP (personal injury protection) coverage. The insurance coverage can cover all or most of your medical expenses, dependent on the policy limits.

You should also make claims against the liability insurance of the driver at fault, and also your own uninsured motorist policy. These policies may reimburse you for medical expenses, but they usually contain deductibles and other terms. A lawyer with experience can assist you in the process of obtaining medical bills paid. This will help you avoid having to pay your own money on medical care and allow you to focus on recovering.

Loss of wages

Accidents involving cars can cause you to miss work. You may not be able to pay your bills and may lose income as a result. You may have to borrow money from your friends or family. It could take a long time to settle your case. In this time, you'll have to pay for your expenses yourself and wait for the settlement.

You can get back your lost wages if you have been injured in a car accident. This could include hourly wages and salary, but can also include other financial advantages like bonuses and raises. Your attorney can calculate the actual loss earnings.

You can file a claim with an insurer that does not have fault or claim the person at fault for the loss of wages. The claim is usually made up of your medical bills, evidence of absences due to your injuries, and the evidence of your loss of earnings capacity. This is often described as demand packages.

You'll be required to submit a letter from the employer verifying the details of your job including the days you were absent due to your injury, as well as the hours that you normally work. You'll need your paystubs and tax documents and other pertinent documents. An attorney can help to gather these documents and make a compelling demand package to present to the insurance company or the judge in your case.

Pain and suffering

While some of the costs associated with a crash can be calculated to the penny--such emergency services, medical bills surgeries, auto accidents medical expenses and lost wages, other expenses are not. These unquantifiable damages are called pain and suffering and play an important part in an injury claim.

Pain and suffering encompasses both the emotional and physical consequences of an accident. The injuries of a victim could have a lasting impact on their lives which can lead to permanent disabilities or even death. A victim with a debilitating head injury, for instance could never be functional or work normally. These kinds of injuries usually warrant a large settlement.

In most instances, the amount pain and suffering the victim suffers is determined by the extent of their injuries and how it has affected their lives. A seasoned attorney will research the specifics of your case to determine an appropriate settlement. They will use the previous settlement amounts for similar accidents injuries as a guide in order to give you an idea of what your case is worth.

Insurance companies attempt to deny the claims of victims of suffering and pain, by claiming their injuries are not sufficiently severe. An experienced lawyer can defend against these tactics and negotiate on behalf of you with the insurer to ensure you receive an equitable settlement.