How Much Is Your Auto Accident Compensation Worth?

Damages resulting from car accidents are designed to compensate victims for their losses. Some of these include cost of property damage as well as medical bills, while others aren't, such as pain and suffering.

In New York you have three years from the date of an accident to start a lawsuit. However, waiting too long could hurt your case. In time, evidence may be lost or destroyed and witnesses may forget key details.

Damages

In the case of a car accident victims can be awarded compensation for their economic losses, such as medical bills or lost wages. They can also receive compensation for non-economic damages, like pain and suffering. However, how much your claim will be worth is contingent on the severity of your injuries as well as the impact they have on your life.

An experienced attorney for auto accidents can help you determine the worth of your injuries and property damage, and negotiate with the insurance company for an equitable settlement. However, remember that insurance companies are in business to make a profit. This means that they will attempt to settle your claim as low as possible. Therefore, you require an attorney who understands how to get the highest amount of money that you deserve.

You can also claim compensation if you have personal items that were damaged during the accident. Jewelry, clothes, and shoes are all included. You may also be eligible for reimbursement for expenses related to household chores, gardening or childcare, if are unable to perform these tasks because of injuries.

Your deductible is also part of the equation when determining your claim is worth. You must pay your deductible before the insurance company begins to compensate you for your losses. You could then sue the driver at fault to recover any remaining damages.

Medical bills

The medical bills that arise from a car wreck can quickly accumulate. The average cost of an ambulance ride, hospital stay and inpatient therapy can run into tens or thousands of dollars or more. The cost of prescription medications physical therapy, prescription drugs, and other treatments can rise as the accident victim recovers.

If a driver is found to be at fault in a lawsuit, they are accountable for the victim's damages, which includes medical costs. The law does not require that the at-fault driver pay for medical expenses incurred by their victim on regular basis.

If you're not in a state with no-fault laws, the first step for medical bill reimbursement is to apply to your insurance company for auto coverage for PIP (personal injury protection) coverage. This coverage may pay for all or a portion of your medical expenses, dependent on the policy limits.

You should also make an claim against the liability coverage of the motorist at the fault, as well as your own uninsured motorist policy. These insurance policies may reimburse your medical expenses however, they usually come with deductibles, as well as other conditions that you must adhere to. A skilled lawyer can assist you in navigating the process of getting your medical bills paid. This will avoid having to spend your money on medical expenses, and it will allow you to concentrate on recovering.

Loss of wages

Accidents in the car could keep you out of work. You may be unable to pay your bills and lose income due to. You may need to borrow money from your friends or family. It could take a long time to reach a settlement in your case. During this time, you'll be required to pay your bills yourself and wait for the settlement.

A claim for lost wages could aid in recovering the money you could have earned not for the injuries sustained in your car accident. This can include salary and hourly wages, but it can also include other financial benefits such as raises and bonuses. Your lawyer can calculate the actual loss earnings.

You can file a claim with a no-fault insurer or take action against the party responsible for lost wages. The claim typically includes your medical expenses, proof of missed work due your injuries, and the evidence of your loss in earnings capacity. This is often called demand packages.

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

Pain and suffering

While some costs associated with accidents can be estimated to the penny -- such as emergency services, medical bills surgeries, medical expenses, and lost wages--others cannot. These damages that aren't quantifiable are called"pain and suffering" and are an important part in an injury claim.

The emotional and physical effects of an accident are associated with pain and suffering. The injuries of a victim may have a lasting impact on their lives and cause permanent disabilities, or even death. For example, an injured victim who suffers a debilitating brain injury is unlikely to work or function normally again. These kinds of injuries are usually worth a substantial settlement.

In most cases, the amount and suffering a victim suffers is determined by the severity of the injury and the impact it affected their lives. A seasoned attorney will research the details of your case to determine a fair settlement. They will utilize previous settlement amounts for similar injuries as a reference to give you an idea of how much your case might be worth in terms of suffering and pain.

Insurance companies try to discredit the claims of victims for suffering and pain, by claiming their injuries are not sufficiently severe. A skilled lawyer will stand up to such tactics and negotiate on your behalf with the insurer to ensure you get an honest settlement.