How Much Is Your Auto Accident Compensation Worth?

Damages resulting from car accidents are intended to compensate victims of the accident. Some of these include the cost of property damage and medical bills, while others aren't, such as suffering and pain.

In New York you have three years from the time of an accident before you make a claim. However, waiting too long could hurt your case. As time passes, evidence could be lost or destroyed witnesses may not remember important details.

Damages

In the event of a car crash victims may receive compensation for economic losses such as medical bills or lost wages. In addition, they could receive compensation for damages that are not economic like discomfort and pain. But, how much your claim is worth depends on the severity of your injuries and the impact they have on your life.

A skilled auto accident attorney can assist you in determining the worth of your injuries and property damage, and then negotiate with the insurance company to reach a fair settlement. Be aware that insurance companies are in business to make money. They will do all they can to settle your claim for as little as possible. You need an attorney who will fight to secure the maximum amount you deserve.

In addition to the cost of repairing your vehicle, you may also be eligible to claim compensation for personal belongings which were damaged in the accident. Jewelry, clothing, and shoes are all covered. You may also be eligible for compensation for the costs of housekeeping, gardening or childcare, if are unable to perform these tasks due to injuries.

When determining the value of your claim, the deductible will also be taken into consideration. You'll need to first pay your deductible before the insurance company begins to cover the cost of damages. You can then file a lawsuit against the driver who is at fault in order to recover the remaining amount of your losses.

Medical bills

Medical bills arising of a car accident could quickly add up. The average cost of an ambulance ride, hospital stay, and inpatient care can be tens of thousand dollars or more. Furthermore, the cost of physical therapy, prescription medications and other care can increase as the victim gets better.

If an individual driver is found to be at the fault in a lawsuit, they are responsible for the victim's damages including medical costs. The law doesn't require that the at-fault party pay for medical expenses incurred by their victim on a regular basis.

If you are not in a no-fault state, the first step for medical bill reimbursement is to apply to your auto accident law firm insurance company for PIP (personal injury protection) coverage. The insurance coverage can pay for all or a portion of your medical costs, dependent on the policy limits.

You should also make a claim with the insurance company of the driver at fault for any liability insurance they carry in addition to the uninsured motorist coverage of your car insurance. These policies may pay for medical expenses, auto accident attorney but they usually come with deductibles or other conditions. A knowledgeable lawyer can help you navigate the process of getting your medical bills paid. This will enable you to reduce the amount you spend on medical bills and concentrate on recovering.

Loss of wages

Injuries from car accidents can prevent you from going to work. You may be unable to pay your bills and may lose income as a result. You might need to borrow money from friends or family members. A settlement could take months. In the meantime, you must continue to pay the bills from your own pocket and then wait for your settlement.

You can claim back lost wages in the event that you've been injured in a car accident. This could include salary and hourly wages, but it can also include other financial benefits such bonuses and raises. Your attorney can calculate the actual loss earnings.

You can claim compensation for lost wages through a no fault insurance company or by filing a lawsuit against the at-fault party. The claim will typically involve the cost of your medical bills, proof that you missed work because of your injuries, and a record of your loss of earning capacity. This is often referred to as the demand package.

You will be required to submit a letter from the employer verifying the specifics of your employment, including the days that you were absent due to your injury and the hours that you normally work. You'll need to provide your paystubs, tax documents and other pertinent documents. Your attorney can assist you in gathering these documents as well as creating a compelling demand that you can present to the insurance company or judge in your case.

Pain and suffering

Some expenses associated with accidents can be calculated to the penny, such as medical bills, emergency services, surgery, medications and lost wages. However, others aren't. These unquantifiable losses are known as pain and suffering and are an essential part of a victim's compensation claim.

Both the physical and emotional consequences of an accident can be associated with suffering and pain. The injuries of a victim could cause lasting damage to their lives, leading to permanent disability, or even death. For example, an injured victim who suffers a debilitating brain injury is unlikely to be able to work or function normally again. These types of injuries are often worth a large settlement.

In the majority of cases, the amount and suffering an injured victim endures is determined by the severity of the injury and the impact it had on their life. An experienced lawyer will investigate the specifics of your case and determine an appropriate amount for settlement. They will use the previous settlement amounts for similar injuries as a guideline in order to provide you with an idea of the amount your case is worth.

In reality, insurance companies frequently try to discredit victims with claims of pain and suffering by claiming that their physical or emotional injuries aren't as serious. A skilled lawyer will rebuff these tactics and negotiate with the insurer on your behalf to ensure that you get an appropriate settlement.