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What You Get From an Auto Accident Settlement

The amount of money you receive from a settlement agreement for a car crash will depend on the severity of your injuries. More severe injuries result in higher future and current medical costs.

Documenting your losses will maximize your settlement. Your lawyer will be able to compile the list of all relevant damages that include doctors’ notes, wage documents, and eyewitness testimony.

Medical bills

Medical bills are often the first thing that people consider when they are injured in a car accident. In the majority of personal injury cases, the law covers the costs. However, it could take months or even years before the at-fault motorist is held responsible by a court decision or settlement agreement. In the meantime, victims incur medical bills that need to be paid.

Car accident injuries typically require major medical procedures like surgery and physical therapy. The associated medical costs can be very high. It is vital that the victims are aware that they shouldn’t be responsible for their own medical bills after the crash. Instead the driver at fault is responsible for these as part of their settlement for the accident.

In certain cases, the party at fault can pay directly for the medical expenses of the victim. In certain instances, the victim’s health insurance coverage or med-pay may pay these expenses as they are accumulated. These costs can be covered by rolling claims depending on the coverage of the victim’s insurance and circumstances.

In certain cases hospitals or health insurance provider will make a lien on a portion of the victim’s final settlement. An experienced lawyer can negotiate these liens to bring more money into the victim’s pockets.

Lost wages

A car crash can cause havoc to your finances. In auto accident lawyer jacksonville to your medical bills and property damage you could be required to pay for lost wages due to of your injuries. New York law requires car insurance policies to reimburse you for your lost income, up to a specific amount. Your attorney will fight to get you the full amount of your missed wages.

Paystubs or other wage documents are the most popular way to prove lost income. If you were self-employed or working on commission, other pertinent documents include profit-and-loss statements, invoices, receipts and bank statements, and financial correspondence. It is also important to have an official letter from your employer which confirms the number of days or hours you missed due to injury.

If you suffer from a permanent injury that limits your ability to work or prevents you from working at all the lawyer you hire may consult an expert economist or financial specialist to determine the value of your earning potential. In this case, the expert will examine your age, education level and education, credentials, career path, and job duties you are no longer capable of performing.

At Michaels Bersani Kalabanka, our Syracuse car accident lawyers frequently deal with clients who are injured in accidents and not work. They are not only entitled to lost wages without fault, but could also obtain additional compensation from the at-fault motorist’s or car owner’s insurance.


Pain and suffering

Car accident victims deserve compensation for the emotional distress and pain they experience after a collision. However, because emotional pain and physical pain cannot be recorded in photographs or documented with xrays, insurance companies tend to discredit these losses. It is important to have a skilled personal injury lawyer on your side when dealing with the insurer of the driver at fault.

Your Queens injury lawyer can help you gather evidence of all kinds to prove your claim for damages. For instance, the victim’s medical bills or written formal diagnoses can demonstrate the severity of their injuries. A diary or journal, which starts on the date of an accident and continues throughout the healing process, may record emotional distress and physical discomfort.

The extent of your injuries could also influence the amount of your settlement. For instance, a severe spinal cord injury or a severe brain trauma could result in a greater settlement than a minor brain injury that healed within three weeks.

The value of your injuries is a critical aspect that will affect the settlement you receive for your auto accident. Your lawyer will help you determine your damages and develop a strong case to get the full amount of compensation you deserve. Contact a knowledgeable lawyer today to find out more about the different kinds of damages that can be awarded in the case of a New York car accident lawsuit.

Damages

As we’ve mentioned above, settlement awards aim to compensate victims of car accidents for financial losses. The amount awarded will depend on the severity of a victim’s injuries and how much they’ve lost because of the absence from work and property damage.

A verdict will also include noneconomic damages, such as suffering and pain. These damages aren’t quantifiable, however insurance companies employ a formula to determine much they should pay for these types of damages. A multiplier, often based on medical expenses, is added to the quantifiable cost to determine a settlement amount for non-economic damages. Major injuries and permanent impairments are generally rewarded with higher amounts than minor injuries or injuries that are temporary.

A car accident can be a devastating experience and the repercussions with it can be life-changing. The amount of a settlement won’t erase these losses but it can help victims overcome their financial burdens and return to normalcy.

A car accident lawyer with experience will know how to evaluate your case and fight for an amount as high as it is possible. Although it may be tempting to accept a lower amount than you are entitled to this could affect your future recovery. You waive your right to sue or file further claims in the event of an accident after you sign the settlement agreement.