How Much Is Your Auto Accident Compensation Worth?

Damages caused by car accidents are aimed to compensate victims for their losses. Some of them include the cost of property damage and medical bills, while others are non-economic, like pain and suffering.

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

Damages

In the event of a crash, victims can receive compensation for their 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. However, how much your claim is worth will depend on the severity of your injuries and their impact on your life.

A skilled auto accident attorney can help you determine the value of your injuries and property damage, and negotiate with the insurance company to negotiate an acceptable settlement. But, keep in mind that insurance companies are in business to earn a profit. This means they will try to settle your claim for as little as possible. This is why you need an attorney who knows how to get the highest amount of money you are entitled to.

You can also claim compensation if you have personal items that were damaged during the accident. Shoes, clothing and jewelry are all covered. You can also receive compensation for expenses related to gardening, housekeeping or childcare if you are not able to do these tasks yourself due to your injuries.

Your deductible can also be a part of the equation in determining how the value of your claim is. You will have to first pay your deductible before the insurance company can begin paying for damages. You could then sue the driver who was at fault to recover any remaining damages.

Medical bills

The medical bills that arise from a car wreck can quickly mount up. The average price for an ambulance ride, hospital stay or inpatient treatment could be the tens of thousands of dollars or more. Additionally, the cost of prescription drugs, physical therapy and other care can increase as the person who was injured progresses through their recovery.

If an individual driver is found to be at fault in a lawsuit, they are responsible for paying the victim's damages, including medical expenses. The law does not require that the at-fault driver be responsible for the medical expenses of their victim on an ongoing basis.

If you're not in a state that is no-fault, the first step to take to claim medical bill compensation is to submit an application to your insurance company for auto accident lawyers coverage for PIP (personal injury protection) coverage. Based on the limits of your policy it could be able to pay for the majority or all of your medical expenses.

You should also submit a claim to the at-fault driver's car insurance for any liability insurance they carry along with the uninsured motorist insurance on your own insurance policy. These insurance policies can reimburse your medical expense costs however, they usually come with deductibles, as well as other conditions which you must follow. A lawyer with experience will assist you through the process of obtaining medical bills paid. This will avoid having to spend your personal income for medical treatment and allow you to concentrate on recovering.

Loss of wages

Accidents involving cars can result in you being unable to work. You may not be able to pay your bills and lose income as a result. You may have to borrow money from relatives or friends. Settlements can take a long time. During this time, you'll be required to pay your bills yourself and wait for the settlement.

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

You can make a claim for lost wages with a no-fault insurance company or by filing a lawsuit against the responsible party. The claim is usually made up of the cost of your medical bills, proof of missed work due your injuries, and the evidence of your loss in earnings capacity. It is sometimes called the demand package.

You will be required to submit a letter from the employer verifying the details of your employment including the days you were absent due to your injury as well as the hours you typically work. You will need to provide your paystubs, tax forms and other pertinent documents. Your attorney can help you in assembling these documents and making a compelling request to present to the insurance company or judge in your case.

Suffering and pain

Some expenses associated with accidents can be calculated to the penny, like medical expenses, emergency services and surgeries, medication loss of wages, etc. However, others aren't. These unquantifiable damages are called pain and suffering and play an important aspect of the compensation claim of a victim.

Both the physical and emotional effects of an accident are associated with suffering and pain. The injuries of a victim may have a lasting impact on their lives that can cause permanent disabilities or even death. For example, an injured victim who suffers a debilitating brain injury might never be able to get back to normal functioning. These kinds of injuries are often worth a large settlement.

In the majority of instances, the amount of pain and suffering a victim receives is determined by the severity of the injury and the impact it affected their lives. An experienced lawyer will look into the specifics of your case to determine the appropriate settlement. They will use the previous settlement amounts for similar injuries as a guide to provide you with an idea of the value your case is worth.

Insurance companies try to discredit the claims of victims for suffering and pain by claiming that their injuries are not severe enough. An experienced lawyer can resist such tactics and negotiate on behalf of the insurer to ensure that you get an appropriate settlement.