How Much Is Your Auto Accident Compensation Worth?

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

In New York you have three years following an accident to make a claim. However, waiting too long could endanger your case. Over time, evidence can be lost or destroyed witnesses could forget important details.

Damages

In the case of a car accident victims may receive compensation for economic losses such as medical bills or lost wages. They can also receive compensation for non-economic damages such as suffering and pain. The amount of compensation you will receive is contingent on the severity of your injuries and the impact they have on your life.

An experienced attorney for auto accidents can help you determine the worth of your injuries as well as property damage, and then negotiate with the insurance company for an equitable settlement. Remember that insurance companies exist to make money. They will do everything they can to pay your claim as inexpensively as they can. You require an attorney who will fight for you to obtain the maximum amount you're entitled to.

In addition to the costs of repairing your vehicle you can also claim compensation for any personal items that were damaged in the crash. Jewelry, clothing, and shoes are all covered. You can also claim compensation for costs related to housekeeping, gardening or childcare if you are unable to do these tasks by yourself due your injuries.

Your deductible is also part of the equation when determining how much your claim is worth. You must pay your deductible prior to when the insurance company begins to cover the cost of damages. You may then sue the person at fault for any remaining damages.

Medical bills

The medical bills that result from a car accident can quickly grow. The average cost of an ambulance ride, hospital stay and inpatient treatment can be tens of thousand dollars or more. Moreover, the cost of prescription drugs, physical therapy and other treatment options can continue to rise as the person who was injured progresses through their recovery.

The driver at fault is responsible for settling the victim's losses, including medical expenses, auto Accidents when they are found liable in an action. However it is not the law to usually require an at-fault party to pay for their victim's medical bills on a regular basis.

If you do not reside in a no-fault state the first step for medical bill reimbursement is to apply to your auto accident lawyer insurance provider for PIP (personal injury protection) coverage. Based on your policy's limits the coverage may pay for the majority or all of your medical expenses.

You should also make an appeal against the liability coverage of the driver who is at the fault, and your own uninsured motorist policy. These policies can reimburse you for your medical expenses, but they usually have deductibles or other conditions. An experienced lawyer will assist you through the process of obtaining medical bills paid. This will save you from having to spend your personal income on medical care, and it will allow you to concentrate on recovering.

Loss of wages

Accidents involving cars could cause you to miss work. This can result in you being without income and struggling to pay your bills. You might need to take out loans from family members or friends. A settlement could take months. In that time, will have to keep paying your bills out of your own pocket and wait for your settlement.

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

You can file a claim with an insurance company that is no-fault or claim the person at fault for the loss of wages. The claim is usually made up of your medical bills, proof of your absence from work due to your injuries, as well as evidence of your loss of earnings capacity. It is sometimes known as the demand package.

You'll need to submit an official letter from your employer to confirm your employment information, including the days you missed work because of your injuries and the hours that you work on a regular basis. You'll need to provide your paystubs, tax documents and other pertinent documents. Your lawyer can help you gather these documents and prepare a convincing demand form to present to the insurance company or a judge in your case.

Pain and suffering

Although some expenses incurred in accidents can be estimated to the penny--such emergency services, medical bills, surgery costs, medications and lost wages, there are other expenses that cannot be quantified. These unquantifiable losses are referred to as suffering and pain and are a crucial component of a victim's compensation claim.

Pain and suffering includes both the emotional and physical consequences of an accident. A victim's injuries may cause lasting damage to their lives, leading to permanent disability or even death. Someone who has suffered a debilitating head injury, for instance, may never be capable of working or functioning normally. These types of injuries often result in a large settlement.

In most instances, the amount suffering and pain a victim receives depends on the degree of their injuries and how the injury has affected their life. An experienced attorney will investigate the details of your case to determine the appropriate settlement. They will utilize previous settlement amounts for similar injuries as a reference to help you get an idea of what your case could be worth in terms of suffering and pain.

Insurance companies try to discredit the claims of victims for suffering and pain, by claiming their injuries are not enough severe. A skilled lawyer will fight these tactics and negotiate with the insurance company on your behalf to ensure you get an equitable settlement.