How Much Is Your Auto Accident Compensation Worth?

Damages resulting from car accidents are designed to compensate the victims of the collision. Some of the damages include the cost of repairs to property, medical bills and suffering and pain.

In New York you have three years following an accident to bring a lawsuit. However, waiting too long can hurt your case. Over time, evidence can be lost or destroyed, and witnesses may forget key details.

Damages

In the event of a crash victims may receive compensation for their economic losses, such as medical bills or lost wages. They can also receive compensation for non-economic losses, like pain and suffering. The amount you receive will depend on the severity of your injuries and the impact they have on your life.

A skilled auto accident law firms accident lawyer (you can find out more) 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 the business of making money. That means that they will try to settle your claim as low as they can. You need an attorney who will fight for you to get the maximum amount you're entitled to.

In addition to the cost of repairing your vehicle you can also claim compensation for any personal items which were damaged in the collision. These include your shoes, clothing and jewelry. You can also claim reimbursement for expenses relating to gardening, housekeeping, or childcare if you are unable to do these things yourself due to your injuries.

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

Medical bills

Medical bills arising from a car crash can quickly add up. The average cost for an ambulance ride, hospital stay or inpatient treatment could be tens of thousands of dollars or more. The cost of prescription medication physical therapy, prescription drugs, and other services can increase when the accident victim heals.

The at-fault driver is responsible for paying a victim's losses as well as medical expenses when they are found responsible in the course of a lawsuit. However the law does not usually require an at-fault party to pay their medical bills of their victim on an ongoing basis.

If you are not in the state of no-fault the first step to getting compensation for medical bills is to apply for PIP coverage (personal injury protection). Based on your policy's limits it could be able to be sufficient to cover all or a portion of your medical expenses.

You should also file a claim with the at-fault driver's car insurance for any liability coverage they carry and also the uninsured motorist protection on your personal car policy. These insurance policies could reimburse your medical expense costs, although they often come with deductibles and other terms which you must follow. An experienced lawyer can assist you in the process of obtaining reimbursement for medical expenses. This will enable you to avoid spending your own income on medical bills and focus on recovering.

Loss of wages

Accidents involving cars can result in you being unable to work. This can result in you being without a paycheck and struggling to pay your bills. You may need to take out loans from family members or friends. A settlement could take months. During this time, you'll have to pay the bills yourself and wait for the settlement.

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

You can make a claim through an insurance company that is no-fault or take action against the party responsible for lost wages. The claim is usually made up of your medical expenses, proof of work missed due to your injuries, and evidence of your loss of earnings capacity. This is often called a demand package.

You'll be required to provide a letter from the employer verifying the details of your job, including the days that you were absent because of your injury, as well as the hours you normally work. You will need to provide your paystubs, tax forms and other pertinent documents. Your attorney can assist in obtaining these documents and prepare a compelling demand to submit to the insurer or judge in your case.

Suffering and pain

Although some expenses incurred in accidents can be estimated to the penny, such as medical bills, emergency services, surgery costs, medications and lost wages, others aren't. These unquantifiable damages are called"pain and suffering" and are an important element of a victim's compensation claim.

The term "pain and suffering" refers to both the emotional and physical effects of an accident. A victim's injuries could cause lasting damage to their lives, resulting in permanent disability, or even death. A victim with a debilitating head injury, as an example could never be capable of working or functioning normally. These types of injuries typically result in a large settlement.

In the majority of instances, the amount suffering and pain that a victim experiences is contingent upon the extent of their injuries and how it has affected their lives. A seasoned attorney will research the details of your case to determine a fair settlement. They will make use of previous settlement amounts for similar injuries as a guideline in order to provide you with an idea of the amount your case is worth.

Insurance companies try to undermine the claims of victims of pain and suffering, by claiming their injuries are not severe enough. A skilled lawyer will fight back against such tactics and negotiate on your behalf with the insurer to ensure you receive an honest settlement.