How Much Is Your Auto Accident Compensation Worth?

Damages for car accidents are designed to compensate the victims of the collision. Some of these include costs of property damage and medical bills, whereas others aren't, such as pain and suffering.

In New York you have three years from the date of an accident to start a lawsuit. But, if you wait too long could hurt your case. Evidence may be lost over time or destroyed. Witnesses can forget important information.

Damages

In the event of a car accident the victims may receive compensation for the economic loss they suffered like medical bills and lost wages. Additionally, they may receive compensation for noneconomic damages such as pain and discomfort. The amount you are entitled to depends on how serious your injuries are and the impact they'll have on your life.

A skilled auto accident attorney can assist you in determining the value of your injuries as well as property damage, and then negotiate with the insurance company to reach an equitable settlement. However, remember that insurance companies are in business to make a profit. They will do everything they can to settle your claim for as little as possible. You need an attorney who will fight to get the most money you are entitled to.

You can also seek compensation if you own personal items that were damaged during the accident. Jewelry, clothing, and shoes are all covered. You may also be eligible for reimbursement for expenses related to housekeeping, gardening or childcare, if you can't do these things because of injuries.

The deductible also forms part of the equation in determining how the value of your claim is. You must pay your deductible before the insurance company begins paying for damages. You may then bring a lawsuit against the driver who was at fault to recover the remaining amount of your damages.

Medical bills

Medical bills resulting of a car crash could quickly add up. The cost of an ambulance ride, hospital stay or inpatient treatment can reach several thousand dollars or more. Furthermore, the cost of physical therapy, prescription medications and other treatment options can continue to rise as the person who was injured is able to recover.

If an individual driver is found to be at the fault in a lawsuit, they are liable for the victim's damages including medical expenses. The law does not mandate that the at-fault party pay for medical expenses incurred by their victim on regularly.

If you do not live in the state of no-fault the first step for getting reimbursement for medical expenses is to apply for PIP coverage (personal injury protection). Based on the policy limits the coverage could pay for the majority or all of your medical expenses.

You must also file an appeal against the liability insurance of the driver at the fault, and your own uninsured driver policy. These insurance policies may reimburse your medical expense costs, although they often come with deductibles, as well as other conditions that you must adhere to. A knowledgeable lawyer can help you navigate the process of getting your medical bills paid. This will prevent you from having to spend your income for medical treatment, and it will allow you to focus on recovering.

Lost wages

Accidents in the car can prevent you from going to work. This can leave you without income and unable to pay your bills. You may have to borrow money from your friends or family. It could take months to settle your case. During this time, it's possible that you'll be required to pay your bills yourself and wait for the settlement.

A claim for lost wages could aid in recovering the money you would have earned if not for the car accident injury. This can include salary and hourly wages, but it could also include other financial benefits, such as increases and bonuses. Your lawyer can determine the actual amount of lost earnings.

You can claim compensation for lost wages through a no-fault insurance company or file a lawsuit against the responsible party. The claim typically involves medical expenses, proof that you missed work because of your injuries, as well as documentation of your loss of earning capacity. This is often known as demand package.

You'll be required to provide a letter from your employer which confirms the specifics of your employment including the days you were absent because of your injury and the hours you normally work. Additionally, you will need to provide your pay stubs and tax documents. Your lawyer can assist you in gathering these documents and making a compelling request to give to the insurance company or judge in your case.

Suffering and pain

Some expenses associated with an accident can be calculated down to the penny, like medical expenses, emergency services such as surgery, medications loss of wages, etc. However, others aren't. The unquantifiable costs are known as suffering and pain and are a crucial component of a victim's compensation claim.

The term "pain and suffering" refers to both the emotional and physical consequences of an accident. The injuries of a victim could cause lasting damage to their lives, leading to permanent impairment or even death. A person who suffers a severe head injury, for example, may never be in a position to work or perform normally. These types of injuries typically warrant a large settlement.

In most cases, the amount of pain and suffering a victim suffers is determined by the severity of the injury and the impact it had on their life. An experienced lawyer will investigate the specific details of your case and determine the appropriate amount of settlement. They will utilize previous settlement amounts for similar injuries to give you an idea of what your case could be worth in terms of pain and suffering.

Insurance companies attempt to deny the claims of victims of suffering and pain by claiming that their injuries are not enough severe. A skilled lawyer will stand up to such tactics and negotiate on behalf of you with the insurance company to ensure that you get an honest settlement.