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What You Get From an Auto Accident Settlement

The amount you receive from a car accident settlement will depend on the degree of your injuries. Injuries that are more severe will result in greater current and future medical expenses.

Documenting these losses can help you maximize your settlement. Your lawyer can make an inventory of damages, including doctor’s notes wage records, as well as eyewitness testimonies.

Medical bills

When someone is injured in an automobile accident medical bills are often in the forefront of their minds. Fortunately, the law typically covers these expenses in personal injury cases. However, it could take months or even years before the motorist at fault is held accountable through an agreement with a judge or a settlement agreement. In the meantime, victims are able to accrue medical bills that must be paid.

Car accident injuries often involve significant medical treatments including surgery and physical therapy. Medical bills can be high. It is crucial for victims to understand that they should not have to shoulder the financial burden of paying their own medical bills after a crash, and that the driver at fault should be responsible for paying these bills as part of their settlement for the accident.


In some instances the at-fault party may pay for the victim’s medical bills directly. In auto accident lawsuit clarksville , the victim’s health insurance coverage or med-pay will cover these expenses when they accumulate. In the case of a victim’s circumstance and the type of insurance coverage, these costs can also be covered under rolling claims.

In some cases, a hospital or health insurance company may create a lien against a portion of a settlement for a victim. A lawyer with experience can negotiate these liens so that they can put more money into the victim’s pockets.

Lost wages

A car crash can cause destruction on your finances. In addition to medical bills and property damage you may be required to pay for lost wages as a result of your injuries. New York law requires car insurance policies to reimburse you for your loss of income within a certain limit. Your lawyer will fight to recover the full amount of your missed wages.

Paystubs or other forms of documentation for wages are the most popular way to prove income loss. If you were self-employed or worked on commission, other pertinent documents include profit-and-loss statements, receipts, invoices, bank statements, and financial correspondence. Correspondence from your employer which confirms the number of days/hours that you missed work because of your injuries is equally important.

If you have an injury that will permanently limit or prevents your earning capacity, your lawyer will consult an economist or financial professional to determine your earning potential. In this scenario the expert will evaluate your age, education level, qualifications, training as well as your career path and work responsibilities that you could not perform anymore.

Our Syracuse car accident lawyers frequently represent clients who have been severely injured in accidents, and are unable to work. They are not limited to a no-fault loss of wages, however, they could also get additional compensation from the at-fault driver/car owner’s insurance.

Suffering and pain

Car accident victims deserve compensation for the emotional distress and pain they feel following an accident. Insurance companies tend to ignore emotional pain and suffering because they are not able to be documented through photographs or xrays. This is why it’s so important to have a reputable personal injury lawyer to represent you when dealing with the at-fault driver’s insurer.

Your Queens injury lawyer can help you gather all types of evidence to prove your claim for damages. For instance, the victim’s medical bills and written formal diagnoses can establish the severity of their injuries. A journal or diary that starts on the date of the accident and continues throughout the healing process, can capture physical and emotional pain as well as emotional distress.

The degree of your injuries will determine the amount of your settlement. For instance, a severe spinal cord injury or a severe brain trauma may result in a bigger settlement than a minor brain injury that healed within three weeks.

The amount of your injuries are an important aspect that can affect the settlement you receive for your auto accident. Your lawyer will assist in making a calculation of your damages, and then build an effective case to get the full amount of compensation that you deserve. To learn more about the kinds of damages that could be awarded in a New York auto accident lawsuit Contact an experienced attorney.

Damages

As we’ve discussed earlier the purpose of settlement awards is to compensate victims of car accidents for their financial losses. The amount awarded will be contingent on the severity of a victim’s injuries and the amount they’ve lost because of injuries to their property and work.

A verdict could also include non-economic damages such as suffering and pain. These damages aren’t quantifiable. However, insurance companies use a formula to determine much they should pay for these types of damages. A multiplier, often determined by medical expenses, is added to the quantifiable expenses to calculate a settlement amount for non-economic damages. Severe injuries and permanent impairments typically result in higher awards than minor or temporary injuries.

A car accident can be a devastation, and the losses associated with it can be life-changing. While the amount of settlement won’t eliminate the loss, it could offer a financial aid that can help victims overcome their financial difficulties and restore some normality to their lives.

A seasoned lawyer for car accidents can assess your case and fight for the most lucrative settlement. Although it might be tempting to settle for a lower settlement than you deserve however, it could be detrimental to your future recovery. Once you sign a settlement agreement, it is understood that you are reneging on the right to file additional claims or bring a lawsuit in court for any further losses related to the accident.