How Much Is Your Auto Accident Compensation Worth?

Car accident damages are designed to compensate the victims of the collision. Some of these include the costs of property damage and medical bills, while some aren't economic, such as suffering and pain.

In New York you have three years from the date of an accident to make a claim. However, waiting too long could harm your case. Over time, evidence can be lost or destroyed and witnesses may forget key details.

Damages

In the event of a car accident victims could be awarded compensation for their economic losses like medical bills and lost wages. They can also receive compensation for non-economic losses, like pain and suffering. But, how much your claim will be worth is contingent on the degree of your injuries and their impact on your life.

An experienced attorney for auto accident lawsuits accidents (Highly recommended Reading) can help you determine the worth of your injuries and property damage, and then negotiate with the insurance company to negotiate an acceptable settlement. However, remember that insurance companies exist to make money. This means they will try to settle your claim for as little as they can. You require an attorney who will fight for you to obtain the maximum amount you are entitled to.

In addition to the costs of repairing your vehicle, you may also claim compensation for any personal items which were damaged in the accident. Shoes, clothing and jewelry are all included. You can also claim compensation for the costs of gardening, housekeeping or childcare if cannot do these things yourself due to your injuries.

Your deductible can also be a part of the equation when determining how much your claim is worth. You'll have to pay your deductible before the insurance company begins to pay for damages. You can then sue the motorist at fault to recover any remaining damages.

Medical bills

Medical bills that result from a car crash can quickly add up. The cost for an ambulance ride, hospital stay or inpatient treatment could be several thousand dollars or more. Additionally, the cost of prescription drugs, physical therapy and other treatment options can continue to rise as the victim progresses through their recovery.

When the driver is found be at the fault of a lawsuit, they are liable for the victim's damages including medical expenses. However the law does not normally require the at-fault party to pay their medical bills of their victim on a regular basis.

Unless you live in a state that is no-fault, the first step for medical bill compensation is to submit an application to your insurance company for auto coverage for PIP (personal injury protection) coverage. Based on the policy limits the coverage could be able to cover the majority or all your medical expenses.

You must also submit a claim to the car insurance of the driver at fault for any liability insurance they carry along with the uninsured motorist protection on your car insurance. Insurance policies may pay your medical expenses, although they often come with deductibles and other terms that you must adhere to. A lawyer with experience will assist you through the process of obtaining reimbursement for medical expenses. This will help you avoid having to spend your personal income on medical care and will allow you to concentrate on your recovery.

Loss of wages

Accidents that involve cars could cause you to miss work. This can leave you without a paycheck and struggling to pay your bills. You may have to borrow money from friends or family. Settlements can take months. During that time, you will be required to continue paying the bills out of your pocket, and then wait for your settlement.

A claim for lost wages can assist you in recovering the amount you would have earned if not for the car accident injury. This can 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 claim compensation for lost wages through a non-fault insurance company or file a lawsuit against the party at fault. The typical claim will involve your medical bills, evidence that you were unable to work due to injuries, and a record of your loss of earning capacity. This is often known as a demand package.

You will need to provide a letter from your employer verifying your employment details including the days you were absent due to your injuries and the hours you work normally. You'll also have to submit your pay slips and tax documents. Your lawyer can assist you in gathering these documents and making a compelling request to submit to the insurer or judge in your case.

Pain and suffering

Certain expenses incurred in an accident can be calculated to the penny, such as medical expenses, emergency services surgeries, medications lost wages, etc. However, others aren't. The unquantifiable damages are referred to as"pain and suffering" and are an important part in the claim for compensation of a victim.

Both the physical and emotional effects of an accident are part of the pain and suffering. The injuries of a victim can have a lasting impact on their lives that can cause permanent disabilities, or even death. Someone who has suffered a debilitating head injury, like, may never be capable of working or functioning normally. These types of injuries typically require a substantial settlement.

In the majority of instances, the amount pain and suffering the victim endures is contingent on the severity of their injuries and how the injury has affected their lives. An experienced lawyer will look into the details of your case to determine a fair settlement. They will utilize previous settlement amounts for similar injuries as a guide to help you get an idea of what your case could be worth in terms of pain and suffering.

Unfortunately, insurance companies often try to deflect victims of suffering and pain by claiming that their emotional or physical injuries aren't severe enough. A knowledgeable lawyer can resist such tactics and negotiate on behalf of the insurer to ensure that you receive an appropriate settlement.