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How Much Is Your Auto Accident Compensation Worth?

Damages resulting from car accidents are intended to compensate victims of the accident. Some of the damages include the cost of repairs to property, medical bills and the pain and suffering.

In New York you have three years from the date of an accident to make a claim. But, if you wait too long could hurt your case. In time, evidence may be lost or destroyed, witnesses may not remember important details.

Damages

In a car accident victims may be awarded compensation for the economic loss they suffered for medical bills and lost wages. In addition, they can be awarded compensation for non-economic damages, such as pain and suffering. The amount of compensation you will receive is contingent on how serious your injuries are and the impact they have on your life.

A skilled auto accident attorney can help you determine the worth of your injuries as well as property damage, and negotiate with the insurance company to negotiate an equitable settlement. Insurance companies are in the business to make money. They will do everything they can to settle your claim as cheaply as they can. Therefore, you require a lawyer who knows how to fight for the maximum amount of money that you are entitled to.

In addition to the costs of repairing your vehicle, you may also be eligible to claim compensation for personal items that were damaged during the collision. This includes your shoes, clothes and jewelry. You may also be eligible for reimbursement for expenses relating to housekeeping, gardening or childcare if you are unable to do these things yourself due to your injuries.

The deductible also forms part of the equation when determining how the value of your claim is. You will need to pay your deductible before the insurance company starts to cover your losses. You may then sue the person who was at fault to recover any remaining damages.

Medical bills

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

If an individual driver is found to be at the fault of a lawsuit, they are responsible for the victim’s damages, which includes medical expenses. The law does not require that the at-fault driver pay for their victim’s medical expenses on regular basis.

If you are not in a state that is no-fault the first step for getting compensation for medical bills is to apply for PIP coverage (personal injury protection). This coverage may cover all or most of your medical expenses dependent on the policy limits.

You must also make a claim through the car insurance of the driver at fault for any liability coverage they carry along with the uninsured motorist coverage on your personal car policy. These insurance policies can reimburse the medical expenses you incur, although they often come with deductibles and other conditions which you must follow. A knowledgeable lawyer can help you get your medical bills paid. This will help you save money on medical bills and focus on your recovery.


Loss of wages

Injuries from car accidents could keep you out of work. This can result in you being without income and unable to pay your bills. You might need to borrow money from relatives or friends. Settlements can take months. In that time, will need to continue paying the bills from your own pocket and then wait for your settlement.

A claim for lost wages could aid in recovering the money you could have earned not for the car accident injury. This can include salary and hourly wages, but it could also include other financial benefits, such as increases and bonuses. Your lawyer can calculate the exact amount of lost earnings.

You can either make a claim through an insurance company that is no-fault or take action against the party responsible for the loss of wages. The claim will typically involve your medical bills, evidence that you missed work because of your injuries, as well as documentation of your diminished earning capacity. This is often called demand packages.

You’ll need to submit a letter from your employer which confirms the specifics of your employment and the days you were absent because of your injury and the hours that you normally work. You’ll need to provide your paystubs and tax documents and other pertinent documents. An attorney can help gather these documents and then prepare an impressive demand package to present to the insurance company or a judge in your case.

Suffering and pain

While some expenses associated with an accident can be calculated to the penny–such emergency services, medical bills, surgery costs, medications and lost wages, others aren’t. These losses that are not quantifiable are referred to as pain and suffering and are a crucial component of a compensation claim.

The term “pain and suffering” refers to both the physical and emotional consequences of an accident. The injuries suffered by a victim can have a lasting effect on their life which can lead to permanent disabilities or even death. For auto accident law firm michigan , an injured victim who suffers from a crippling brain injury might never be able to get back to normal functioning. These kinds of injuries usually merit an enormous settlement.

In most cases, the amount and suffering an injured victim suffers is determined by the severity of the injury and the impact it affected their lives. An experienced lawyer will investigate the specific details of your case and decide an appropriate amount for settlement. They will use the previous settlement amounts for similar injuries as a basis to provide you with an idea of how much your case is worth.

Insurance companies attempt to deny the claims of victims of pain and suffering, by claiming that their injuries were not sufficiently severe. A skilled lawyer will defend against such tactics and negotiate on behalf of you with the insurer to ensure you get an equitable settlement.