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 damages to property, medical bills and the pain and suffering.

In New York, you have up 3 years to initiate legal action following a crash, but waiting too long can harm your case. Evidence may be lost over time or destroyed. Witnesses might forget important details.

Damages

In the event of a car accident victims may be awarded compensation for their economic losses, such as medical bills and lost wages. In addition, they could receive compensation for non-economic losses like pain and discomfort. The amount you can receive depends on how serious your injuries are and the impact they have on your life.

An experienced attorney for auto accidents can assist you in determining the value of your injuries and property damage, and then negotiate with the insurance company for an acceptable settlement. Insurance companies are in the business of making money. They will do all 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 deserve.

You can also seek compensation if you have personal items damaged in the accident. This includes your clothing, shoes, and jewelry. You can also claim compensation for costs related to gardening, housekeeping, or childcare if you are not able to do these tasks on your own due to your injuries.

The deductible also forms part of the equation when determining much your claim is worth. You'll need to pay your deductible before the insurance company starts to pay for the damages. You can then sue the driver who was at fault to recover any remaining damages.

Medical bills

Medical bills that result from a car accident can quickly add up. The cost for an ambulance ride, hospital stay or inpatient care can be several thousand dollars or more. The cost of prescription medications physical therapy, prescription drugs, and other therapies can rise as the injured person recovers.

When a driver is found be at the fault of a lawsuit, they are accountable for the victim's damages including medical expenses. The law does not mandate that the at-fault driver pay the medical expenses of their victim on a regular basis.

If you do not live in a state that is a no-fault state the first step to getting reimbursement for medical expenses is to apply for PIP coverage (personal injury protection). Depending on your policy limits the coverage may cover most or all of your medical expenses.

You should also make a claim through the car insurance of the driver at fault for any liability coverage they have in addition to the uninsured motorist coverage on your own car policy. These policies may reimburse you for your medical costs, but they often contain deductibles and other terms. An experienced lawyer can help you navigate the process of getting your medical bills paid. This will help you avoid having to spend your personal income on medical treatment, and it will allow you to focus on recovering.

Lost wages

Car auto accident injuries can prevent you from going to work. This can leave you without a source of income and unable to pay your bills. You might need to take out loans from family members or friends. It could take a long time to reach a settlement in your case. In that time, will be required to continue paying your bills out of your own pocket and then wait for your settlement.

A claim for lost wages could help you recover the money you would have earned if not to be injured in a car accident. This can include salary as well as hourly wages, however it could also include other financial benefits such as raises and bonuses. Your lawyer can calculate the actual amount of lost earnings.

You can submit a claim for lost wages through a non-fault insurance company, or even a lawsuit against the party who is at fault. The claim typically includes your medical expenses, proof of work missed due to your injuries, and the evidence of your loss in earnings capacity. It is commonly described as a demand package.

You will be required to provide a letter from your employer that confirms the details of your employment, including the days that you were absent because of your injury as well as the hours that you normally work. You'll also need to submit your pay slips and tax documents. Your lawyer can help you gather these documents and then 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 a crash can be calculated to the penny, such as medical bills, emergency services and surgery costs, medication and lost wages, other expenses are not. These damages that aren't quantifiable are called pain and suffering and are an important part in an injury claim.

Pain and suffering encompasses both the physical and emotional consequences of an accident. A victim's injuries may have a long-lasting impact on their lives, resulting in permanent disability or even death. A person suffering from a debilitating head injury, for instance is likely to never be in a position to work or perform normally. These kinds of injuries can be worth a substantial settlement.

In the majority of instances, the amount suffering and pain that a victim experiences is contingent upon the severity of their injuries as well as how it has affected their life. An experienced attorney will investigate the details of your case to determine the appropriate settlement. They will use prior settlement amounts for similar accident injuries as a guide to give you an idea of what your case may be worth in terms of suffering and pain.

Insurance companies attempt to deny the claims of victims of suffering and pain, by claiming that their injuries were not severe enough. An experienced lawyer will rebuff these tactics and negotiate with the insurer on your behalf to ensure you receive an equitable settlement.