How Much Is Your Auto Accident Compensation Worth?

Damages for car accidents are designed to compensate the victims of the collision. Some of the damages include property damage, medical bills and the pain and suffering.

In New York you have three years following an accident to bring a lawsuit. But, if you wait too long could hurt your case. As time passes, evidence could be lost or destroyed, witnesses may not remember important 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 suffering and pain. However, how much your claim is worth will depend on the severity of your injuries as well as their impact on your life.

A skilled auto accident attorney can help you determine the value of your injuries as well as property damage, and then negotiate with the insurance provider for a fair settlement. But, keep in mind that insurance companies are in business to make a profit. That means that they will try to settle your claim for as little as possible. You need an attorney who knows how to ensure that you receive the maximum amount of money you deserve.

In addition to the expense of repairing your vehicle you can also claim compensation for any personal items which were damaged in the crash. Clothing, shoes, and jewelry are all included. You can also get compensation for the costs of gardening, housekeeping or auto accident attorney childcare if cannot do these tasks on your own due to your injuries.

Your deductible is also part of the equation when determining your claim is worth. You'll have to pay your deductible prior to the insurance company starts to cover your losses. You can then file a lawsuit against the at-fault driver to recover any remaining sums of your damages.

Medical bills

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

The driver at fault is responsible for settling the victim's losses as well as medical expenses when they are found to be liable in a lawsuit. The law does not mandate that the at-fault party pay for their victim's medical expenses on a regular basis.

If you do not reside in a no-fault state, the first step to take for medical bills compensation is to apply to your insurance company for auto accident law firm coverage for PIP (personal injury protection) coverage. The insurance coverage can pay for all or a portion of your medical expenses subject to the policy limits.

You must also file a claim against the liability insurance of the driver at the fault, as well as your own uninsured motorist insurance policy. These policies can reimburse you for your medical costs, but they often come with deductibles or other conditions. A knowledgeable lawyer can help you get your medical bills paid. This will let you save money on medical expenses and instead focus on recovering.

Lost wages

Car accident injuries could keep you out of work. This can result in you being with no income and unable to pay your bills. You could be required to borrow money from family or friends. It could take a long time to settle your case. During that time, you will need to continue paying the 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 for the injuries sustained in your car accident. This could include hourly wages and salary, but can also include other financial benefits like raises and bonuses. Your attorney can calculate the actual amount of lost earnings.

You can make a claim through an insurer with no fault or take action against the party responsible for lost wages. The claim will usually include the cost of your medical bills, proof of work missed due to your injuries, as well as documentation of your lost earnings capacity. It is also called the demand package.

You'll need to submit a letter from your employer that confirms your employment details, including the days that you were away due to injuries as well as the hours you typically work. You'll need your pay stubs, tax documents and other relevant documents. Your lawyer can help you to gather these documents and make an impressive demand package to present to the insurance company or a judge in your case.

Suffering and pain

While some of the costs associated with crashes can be figured to the penny--such as medical bills, emergency services as well as surgery costs, medications and lost wages, other expenses are not. These damages that are not quantifiable are known as pain and suffering and play an important element of the claim for compensation of a victim.

Both the emotional and physical effects of an accident are associated with suffering and pain. The injuries of a victim could have a long-lasting impact on their lives, resulting in permanent disability or even death. For example, an injured victim who suffers a severe brain injury might never be able to be able to work or function normally again. These types of injuries often need a substantial settlement.

In the majority of cases, the amount of pain and suffering a victim suffers is determined by the severity of the injury and the impact it had on their life. A seasoned attorney will research the specifics of your case to determine a fair settlement. They will make use of previous settlement amounts for similar accidents injuries as a reference in order to provide you with an idea of the value your case is worth.

Unfortunately, insurance companies often try to deflect victims of suffering and pain by claiming that their emotional or physical injuries aren't as serious. A skilled lawyer will rebuff these tactics and negotiate with the insurance company on your behalf to ensure that you receive a fair settlement.