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What You Get From an Auto Accident Settlement

The amount of money you receive from a settlement for a car accident will depend on the degree of your injuries. More severe injuries result in greater current and future medical expenses.

Documenting these losses will aid in maximizing your settlement. Lawyers can help you create an inventory of damages including medical notes, wage records, and eyewitness testimony.

Medical bills

If someone is injured in an accident in the car medical bills are typically in the forefront of their minds. Fortunately, the law generally covers these costs in personal injury cases. However, it could take months or even years before the responsible driver is held accountable by a court decision or settlement agreement. In the meantime, victims accumulate medical bills that must be paid.

Car accident injuries typically require extensive medical treatment, including surgery and physical therapy. The resulting medical bills can be very high. It is important for victims to understand that they shouldn’t be forced to bear the financial burden of paying their own medical bills after a crash, and that the at-fault driver should be accountable to pay them as part of their accident settlement.

In some cases, the at-fault party will pay for the victim’s medical bills directly. In other cases the victim’s health insurance plan or med-pay coverage will cover these expenses as they grow. Based on the situation of the victim and the type of insurance coverage, these expenses may also be covered under rolling claims.

In certain situations the hospital or health insurance provider could create a lien against a portion of a settlement of a victim. Fortunately, auto accident attorneys utah will help to negotiate these liens to increase the amount of money in the pockets of the victim.

Lost wages

A car accident can create havoc on your finances. It is also possible to pay lost earnings due to your injuries, in addition to medical bills and property damage. New York law requires that your car insurance policy reimburse you for income loss up to a specific amount. Your attorney will fight to secure the entire amount of your lost earnings.

The most common method to prove lost earnings is to provide paychecks or other documents related to wages. Other documents that are relevant include bank statements, invoices and correspondence if you were self-employed. Correspondence from your employer which confirms the number of hours/days you missed from work due to injuries is also important.

If you suffer a long-term injury that limits your capability to work, or even prevents you from working at all, your lawyer may consult an expert economist or financial specialist to determine the future worth of your earnings potential. In this case the expert will evaluate your age, education and qualifications, as well as your career path, and job tasks you’re no longer capable of performing.


At Michaels Bersani Kalabanka, our Syracuse car accident lawyers frequently see clients who are severely injured in accidents and can no longer work. They are not only entitled to no-fault lost 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 should be compensated for their emotional trauma and pain. However, since emotional distress and physical pain are not captured in a photo or documented using x-rays, insurance companies tend to discredit these losses. It is important to have a knowledgeable personal injury lawyer to represent you when dealing with the insurance company of the driver at fault.

Your Queens injury lawyer can assist you gather evidence to support your claim. For instance, a patient’s medical bills and official diagnoses can be used to prove the severity of their injuries. A diary or a journal, which 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 also affect the amount you receive. A spinal cord injury or severe head trauma, as an example, may result in a greater settlement than a minor sprain which heals in 3 weeks.

The amount you pay for your auto accident will be affected by the amount of your injuries. Your lawyer will help you determine the extent of your injuries and build a strong case to get the full compensation you deserve. Contact an experienced attorney today to learn more about the various kinds of damages that can be awarded in the case of a New York car accident lawsuit.

Damages

As we discussed above settlement awards are meant to compensate car accident victims for their financial losses. The amount awarded will depend on the severity of a victim’s injuries and the amount they’ve lost because of injuries to their property and work.

Additionally, an award may also cover non-economic damages, such as pain and suffering. These damages are not easily quantifiable, however, insurance companies use a formula to determine they will pay for these damages. To determine the amount to be paid for noneconomic damages, a multiplier is usually based on medical costs. Major injuries and permanent impairments are usually awarded higher settlements than minor injuries or injuries that are temporary.

A car crash can be a devastation, and the losses associated to it can be devastating. Although settlements won’t completely erase these losses, it can offer a financial aid that can help the victim to overcome their financial challenges and restore some normalcy to their lives.

A car accident lawyer with experience will know how to evaluate your case and negotiate an amount as likely to be as high as it can be. Although it may be tempting to settle for a lesser settlement than you deserve, doing so could compromise your future recovery. When you sign the settlement agreement, you are reneging on the right to file any additional claims or bring a lawsuit in court for any other losses relating to the accident.