How Much Is Your Auto Accident Compensation Worth?

Damages caused by car accidents are aimed to compensate victims for their losses. Some of the damages include the cost of repairs to property, medical bills and pain and suffering.

In New York you have three years from the date of an accident to bring a lawsuit. But, if you wait too long can hurt your case. Over time, evidence may be lost or destroyed, witnesses may not remember important details.

Damages

In the event of a car accident victims could be awarded compensation for the economic loss they suffered like medical bills and lost wages. They can also receive compensation for non-economic losses, such as pain and suffering. The amount of your claim is worth depends on the degree of your injuries and their impact on your life.

An experienced attorney for auto accidents can assist you in determining the value of your injuries as well as property damage, and negotiate with the insurance company for a fair settlement. Be aware that insurance companies exist to make a profit. They will do everything they can to pay your claim as inexpensively as they can. You need an attorney who will fight for you to get the most money you're entitled to.

You can also claim compensation if you own personal items damaged in the accident. Clothing, shoes, and jewelry are all included. You can also get reimbursement for expenses relating to gardening, housekeeping or childcare if are not able to do these tasks on your own due to your injuries.

When determining the value of your claim, the deductible will also be considered. You will have to pay your deductible first before the insurance company can begin to pay for damages. You may then file a lawsuit against the driver who was at fault to recover any remaining amounts of your damages.

Medical bills

The medical expenses that result of a car accident could quickly add up. The cost of an ambulance ride, a hospital stay and inpatient treatment can be tens of thousand dollars or more. The cost of prescription medications as well as physical therapy and other services may increase as the victim recovers.

The driver at fault is responsible for the cost of a victim's loss and medical expenses when they are found responsible in a lawsuit. The law doesn't require that the at-fault driver pay for medical expenses incurred by their victim on a regular basis.

If you don't reside in a state that is no-fault, your first step for getting reimbursement for medical expenses is to apply for PIP coverage (personal injury protection). Based on the limits of your policy, this coverage could be able to cover the majority or all your medical expenses.

You must also file claims against the liability coverage of the motorist at the fault, as well as your own uninsured motorist insurance policy. Insurance policies may pay the medical expenses you incur but they typically come with deductibles and other terms that you must adhere to. A knowledgeable lawyer can help you get your medical bills paid. This will help you avoid having to pay your own money on medical care, and it will allow you to focus on your recovery.

Lost wages

Accidents in the car can keep you out of work. This could leave you without income and struggling to pay your bills. You might need to borrow money from friends or family. It could take several months to reach a settlement in your case. During that time, you will be required to continue paying your bills from your own pocket and then wait for your settlement.

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

You can make a claim for lost wages with a no-fault insurance company, or even a lawsuit against the party who is at fault. The claim will typically involve your medical bills, evidence that you missed work because of your injuries, and a record of your loss of earning capacity. It is commonly referred to as a demand package.

You'll have to provide an employer's letter to confirm your employment information, including the days you were absent because of your injuries and the hours that you work on a regular basis. You'll also need to submit your paystubs and tax documents. Your lawyer can help you gather these documents and prepare an appealing demand package to present to the insurance company or a judge in your case.

Suffering and pain

Certain costs associated with an accident can be calculated down to the penny, such as medical bills, emergency services such as surgery, medications and lost wages. While others aren't. These losses that are not quantifiable are referred to as pain and suffering, and they form an essential element of a person's compensation claim.

Pain and suffering encompasses both the emotional and physical consequences of an accident. The injuries suffered by a victim could have a lasting impact on their lives which can lead to permanent disabilities, or even death. Someone who has suffered a debilitating head injury, for example, may never be in a position to work or perform normally. These kinds of injuries are usually worth a substantial settlement.

In most instances, the amount suffering and pain that a victim experiences is contingent upon the severity of their injuries as well as how the injury has impacted their life. A knowledgeable attorney will study the specific details of your case and decide the appropriate amount of settlement. They will utilize previous settlement amounts for similar injuries as a guide to give you an idea of what your case might be worth in terms of pain and suffering.

Insurance companies try to discredit the claims of victims of suffering and pain, in the belief that their injuries are not sufficient. A knowledgeable lawyer can stand up to such tactics and negotiate on your behalf with the insurer to ensure that you get an honest settlement.