How Much Is Your Auto Accident Compensation Worth?

Damages caused by car accidents are aimed to compensate victims for their losses. Some of these include cost of property damage and auto accidents medical bills, while some aren't, such as suffering and pain.

In New York, you have up three years to file legal action after a crash, but not acting quickly can hurt your case. Evidence can be lost over time or destroyed. Witnesses could not remember important details.

Damages

In the event of a crash victims may receive compensation for economic losses such as medical bills or lost wages. Additionally, they may receive compensation for noneconomic damages like 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 attorney for auto accidents can assist you in determining the worth of your injuries as well as damage to property, and then negotiate an acceptable settlement with the insurance company. Insurance companies are in business of making money. They will do all they can to settle your claim for as little as they can. Therefore, you require a lawyer who knows how to ensure that you receive the maximum amount of money that you are entitled to.

You may also be eligible for compensation if you have personal items damaged in the accident. Jewelry, clothing, and shoes are all included. You may also be eligible for compensation for expenses relating to household chores, gardening or childcare, if you are unable to do these tasks due to injuries.

In determining the worth of your claim, your deductible will also be taken into consideration. You will have to pay your deductible first before the insurance company begins paying for damages. You may then start a lawsuit against the driver who is at fault in order to recover the remaining amount of your damages.

Medical bills

Medical bills resulting from a crash in a vehicle can quickly add up. The cost for an ambulance ride, hospital stay and inpatient treatment can reach hundreds of thousands of dollars or more. Additionally, the cost of physical therapy, prescription medications and other treatments can increase as the victim gets better.

If an individual driver is found to be at fault in a lawsuit, they are responsible for paying the victim's damages, which includes medical costs. However, the law does not generally require an at-fault driver to pay a victim's medical bills on an ongoing basis.

If you are not in a state with no-fault laws, the first step to take for medical bill compensation is to submit an application to your insurance company for auto accident attorneys coverage for PIP (personal injury protection) coverage. Based on the policy limits, this coverage could be sufficient to cover all or a portion of your medical expenses.

You must also file claims against the liability insurance of the driver at fault, as well as your own uninsured driver policy. Insurance policies may pay your medical expenses however they are usually accompanied with deductibles and other terms which you must follow. A lawyer with experience will assist you through the process of getting medical bills paid. This will help you avoid spending your own income on medical bills, and instead concentrate on recovering.

Lost wages

Accidents involving cars can cause you to miss work. This can leave you without a source of income and unable to pay your bills. You could be required to borrow money from family or friends. A settlement could take months. In the meantime, you will have to keep paying the bills out of your pocket and wait for your settlement.

A claim for lost wages may aid you in recovering the money you could have earned not for your car accident injury. This could include hourly wages and salary, but could also include other financial benefits like bonuses and raises. Your lawyer can calculate the actual loss earnings.

You can file a claim for lost wages through a non-fault insurance company or a lawsuit against the at-fault party. The typical claim will involve your medical bills, proof that you missed work due to injuries, and a record of your loss of earning capacity. It is sometimes referred to as the demand package.

You'll need to submit a letter from your employer confirming the details of your job, including the days that you were absent because of your injury and the hours you usually work. You will need to provide your pay stubs, tax documents and other relevant documents. Your attorney can help you gather these documents and prepare an impressive demand package to present to the insurance company or a judge in your case.

Suffering and pain

Although some expenses incurred in crashes can be figured to the penny -- such as emergency services, medical bills and surgery costs, medication and lost wages, other expenses are not. These losses that are not quantifiable are referred to as pain and suffering and are a crucial component of a compensation claim.

Pain and suffering encompasses both the physical and emotional effects of an accident. The injuries of a victim could cause lasting damage to their lives, leading to permanent disability, auto accidents or even death. A person who suffers a severe head injury, for example could never be functional or work normally. These types of injuries typically need a substantial settlement.

In the majority of cases, the amount of pain and suffering an injured victim receives is determined by the severity of the injury and the impact it has had on their life. An experienced lawyer will look into the specifics of your case to determine an appropriate settlement. They will utilize previous settlement amounts for similar injuries as a guideline to give you an idea of the value your case is worth.

Insurance companies try to discredit the claims of victims of suffering and pain, by claiming that their injuries were not sufficiently severe. A skilled lawyer will resist these tactics and negotiate on behalf of you with the insurance company to ensure that you receive a fair settlement.