How Much Is Your Auto Accident Compensation Worth?
Damages resulting from car accidents are designed to compensate victims for their losses. Some of these include cost of property damage and medical bills, while others aren’t economic, such as suffering and pain.
In New York, you have up to three years to take legal action after an accident, but not acting quickly can hurt your case. Over time, evidence may be lost or destroyed witnesses may not remember important details.
In the event of a car crash victims may be awarded compensation for their economic losses like medical bills and lost wages. In addition, they could receive compensation for noneconomic damages like discomfort and pain. The amount of compensation you receive will depend on the severity of your injuries and the impact they have on your life.
A skilled lawyer for auto accidents can help you determine the worth of your injuries and the damage to your property, and negotiate an appropriate settlement with the insurance company. Insurance companies are in the business of making money. They will do all they can to pay your claim as inexpensively as they can. You need an attorney who will fight for you to get the maximum amount you’re entitled to.
You may also be eligible for compensation if you have personal items that were damaged during the accident. Clothing, shoes, and jewelry are all included. You may also receive compensation for the costs of garden maintenance, housekeeping or childcare, if are unable to perform these tasks due to your injuries.
Your deductible is also a part of the equation in determining how the value of your claim will be. You will have to pay your deductible before the insurance company starts to pay for damages. You may then start a lawsuit against the driver who was at fault to recover any remaining amount of your damages.
Medical bills
Medical expenses arising from a car accident can quickly mount up. The cost for an ambulance ride, hospital stay and inpatient care can be tens of thousands of dollars or more. In addition, the cost for physical therapy, prescription medications and other medical care could increase as the injured person continues to recover.
When a driver is found to be at the fault in a lawsuit, they are accountable for the victim’s damages, which includes medical costs. The law does not mandate that the at-fault driver be responsible for the medical expenses of their victim on regularly.
If you do not live in a state that is no-fault your first step in getting compensation for medical bills is to apply for PIP coverage (personal injury protection). Based on your policy’s limits the coverage could be able to cover the majority or all your medical expenses.
You must also file an claim against the liability coverage of the driver who is at the fault, as well as your own uninsured driver policy. These policies can reimburse you for medical expenses, but they typically have deductibles or other terms. An experienced lawyer can assist you in the process of obtaining medical bills paid. This will let you avoid spending your own income on medical bills, and instead concentrate on your recovery.
Lost wages
Car accidents can result in you being unable to work. It is possible that you will not be able pay your bills and lose income due to. You may need to borrow money from relatives or friends. It could take a long time to settle your case. In the meantime, you’ll have to pay your bills yourself and wait for the settlement.
You can claim back lost wages if you’ve been injured in a car accident. This can include hourly earnings and salary, but it could also include other financial advantages such as bonuses and raises. Your lawyer can assist you determine your loss of earnings.
You can file a claim with a no-fault insurer or sue the party at fault for lost wages. The typical claim will involve the cost of your medical bills, proof that you were unable to work due to injuries, and documentation of your loss of earning capacity. It is commonly described as demand package.
You’ll be required to submit a letter from your employer that confirms the details of your employment and the days you were absent due to your injury and the hours you normally work. You’ll need your paystubs and tax documents and other pertinent documents. Your attorney can assist you in gathering these documents as well as making a compelling request to present to the insurer or judge in your case.
Pain and suffering
Some expenses associated with an accident can be figured all the way to the penny like medical expenses, emergency services surgeries, medications, lost wages, etc. While others aren’t. These damages that aren’t quantifiable are called pain and suffering and play an important part in the claim for compensation of a victim.
The term “pain and suffering” encompasses both the physical and emotional consequences of an accident. A victim’s injuries could have a long-lasting impact on their lives, leading to permanent impairment or even death. For example, an injured victim suffering from a debilitating brain injury could never work or function normally again. These kinds of injuries typically warrant a large settlement.
In the majority of instances, the amount pain and suffering the victim endures is contingent on the degree of their injuries and how the injury has affected their life. An experienced attorney will research the specifics of your case to determine an appropriate amount for settlement. They will use previous settlement amounts for similar accident injuries as a reference to give you an idea of what your case may be worth in terms of suffering and pain.
Insurance companies often attempt to undermine victims of pain and suffering by claiming that their physical or emotional injuries aren’t as serious. An experienced lawyer will rebuff these tactics and negotiate with the insurance company on your behalf to ensure that you receive an honest settlement.