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What You Get From an Auto Accident Settlement

The amount you are awarded for an auto accident settlement is contingent on the severity of your injuries. More severe injuries will result in higher current and future medical expenses.

Documenting your losses will help you 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


When someone is injured in a car accident medical bills are usually at the forefront of their minds. In the majority of personal injury cases, the law covers these expenses. However, it can take months or even years before the at-fault motorist is held accountable through an agreement with a judge or a settlement agreement. In the meantime, victims accrue medical bills that have to be paid.

Car accident injuries usually require substantial medical treatment, such as surgery and physical therapy. Medical bills can be high. It is essential that victims understand that they shouldn’t be required to pay the medical bills themselves following a crash. Instead, the at-fault motorist is responsible for these as part of the settlement agreement for the accident.

In some instances, a party at fault may be responsible directly for the victim’s medical expenses. In other cases, the victim’s health insurance or medpay insurance will cover these costs as they grow. These bills may be covered by rolling claims based on the victim’s insurance coverage and the situation.

In some instances the hospital or health insurance provider may put a lien on a portion of the victim’s eventual settlement. Fortunately, an experienced attorney can help negotiate these liens to put more money in the pocket of the victim.

Lost wages

A car accident can cause havoc to your financial situation. In addition to medical bills and property damage, you may have to pay for lost wages because of your injuries. New York law requires car insurance policies to pay for your loss of income up to a specific amount. Your lawyer will fight to get you the full amount of your lost earnings.

Paystubs or other forms of documentation for wages are the most commonly used method to prove that you lost money. Other documents that are relevant include bank statements, invoices and correspondence in the case of self-employment. It is also important to have an official letter from your employer that confirms the number of hours or days you missed due to injury.

If you suffer from an injury that is permanent and reduces or hinders your earning capacity the money you deserve, your lawyer will talk to an economist or financial advisor to assess your future earning potential. In this case the expert will analyze your age, education and training, credentials, career path, and job tasks you are no longer capable of performing.

Our Syracuse car accident attorneys often represent clients who have been severely injured in accidents, and are not able to work. They are not just entitled to a no-fault loss of wages, but may be able to receive additional compensation from the at-fault driver’s or owner’s insurer.

Suffering and pain

After a car accident, victims of accidents should be paid for their emotional distress and pain. However, because emotional pain and physical pain cannot be documented in a photograph or documented with xrays, insurance companies tend to discredit these losses. It is crucial to have an experienced personal injury lawyer on your side when dealing with the insurance company of the person who was at fault.

Your Queens injury attorney can help you gather evidence to support your claim. For instance, a victim’s medical bills as well as written formal diagnoses can prove the severity of their injuries. A diary or journal that begins at the time of the accident and continues throughout recovery may also record symptoms of emotional distress and physical discomfort.

The severity of your injuries will determine the amount of settlement you receive. For auto accident attorneys clearwater , a spinal cord injury or severe brain trauma may result in a greater payout than a minor concussion that healed within three weeks.

The amount of your injuries are a critical factor that will impact the amount you receive from an auto accident settlement. Your lawyer will assist in the calculation of your damages and in building a strong case for you to get the full amount that you deserve. Contact an experienced attorney today to learn more about the different types of damages awarded in the event of a New York car accident lawsuit.

Damages

As we have discussed above Settlement awards aim to pay victims of car accidents for their financial losses. The amount of compensation awarded will depend on the severity and extent of the injury suffered by the victim as well as how much money they have lost because of missed work or property damage.

A verdict could also include non-economic damages such as pain and suffering. Insurance companies use an algorithm to calculate the amount they have to pay. These damages are difficult to quantify but they are able to be determined. A multiplier, often determined by medical expenses, is added to the quantifiable costs to calculate a settlement amount for non-economic damages. Serious injuries and permanent impairments typically result in higher awards than minor or temporary injuries.

A car crash is traumatizing and can alter your life forever. The amount of settlement won’t erase these losses but it can help victims overcome their financial challenges and get back to normalcy.

A skilled car accident lawyer will know how to assess your case and negotiate the best settlement possible. Although it may be tempting to settle for a lower amount than you are entitled to however, it could be detrimental to your future recovery. You give up your rights to sue or file further claims for the accident when you sign the settlement agreement.