How Much Is Your Auto Accident Compensation Worth?
Damages from car accidents are intended to compensate victims for their losses. Some of the damages include damages to property, medical bills and pain and suffering.
In New York you have three years from the time of an accident before you file a lawsuit. But, if you wait too long could harm your case. As time passes, evidence could be lost or destroyed, and witnesses may forget key details.
Damages
In the case of a car accident, victims can receive compensation for their economic losses such as medical bills or lost wages. They can also receive compensation for non-economic damages, like pain and suffering. The amount of compensation you can receive depends on how serious your injuries are and the impact they have on your life.
A skilled lawyer for
auto accidents can help you determine the worth of your injuries and damage to property, and then negotiate an equitable settlement with the insurance company. Insurance companies are in business of making money. That means that they will try to settle your claim as low as they can. You need an attorney who will fight for you to get the maximum amount you deserve.
In addition to the expense of repairing your vehicle you can also claim compensation for personal belongings that were damaged in the crash. Shoes, clothing and jewelry are all included. You can also get compensation for expenses related to housekeeping, gardening or childcare if cannot do these things yourself due to your injuries.
Your deductible is also part of the equation in determining how your claim is worth. You will need to pay your deductible before the insurance company starts to cover your losses. You may then sue the person at fault to recover any remaining damages.
Medical bills
Medical bills that result from a car crash can quickly mount up. The cost of an ambulance ride, hospital stay and inpatient treatment can reach the tens of thousands of dollars or more. Additionally, the cost of prescription drugs, physical therapy and other medical care could increase as the victim gets better.
The driver who is at fault is responsible for the cost of a victim's loss as well as medical expenses when they are found to be liable in an action. The law doesn't require that the at-fault party pay the medical expenses of their victim on regularly.
If you do not reside in a state that is no-fault, the first step to take for medical bill compensation is to submit an application to your insurance company for
auto accident lawyers coverage for PIP (personal injury protection) coverage. Based on the policy limits it could be able to be able to cover the majority or all your medical expenses.
You must also file an appeal against the liability insurance of the driver at fault, as well as your own uninsured motorist insurance policy. These insurance policies can reimburse the medical expenses you incur, although they often come with deductibles and other terms that you must adhere to. An experienced lawyer can help you in navigating the process of getting your medical bills paid. This will save you from having to spend your personal income on medical care and allows you to focus on your recovery.
Lost wages
Car accident injuries can prevent you from going to work. This can result in you being with no income and unable to pay your bills. You may have to borrow money from relatives or friends. A settlement could take months. In that time, you will be required to continue paying your bills out of your pocket, and then wait for your settlement.
A claim for lost wages can assist you in recovering the amount you could have earned not for the injuries sustained in your car accident. This can include salary and hourly wages, but it could also include other financial benefits such as increases and bonuses. Your lawyer can help you calculate your actual lost earnings.
You can file a claim with a no-fault insurer or sue the party at fault for the loss of wages. The claim typically involves your medical bills, evidence that you missed work due to your injuries, and documentation of your lost earning capacity. It is sometimes called the demand package.
You'll need to submit a letter from your employer that confirms your employment details, including the days you missed work due to your injuries and the hours you typically work. You will also need to provide your paystubs as well as tax documents. Your attorney can assist in gathering these documents and creating a compelling demand that you can present to the insurer or judge in your case.
Suffering and pain
Some expenses associated with an accident can be estimated to the penny, like medical expenses, emergency services and surgeries, medication and lost wages. But others aren't. The unquantifiable costs are known as pain and suffering, and are a crucial element of a person's compensation claim.
The term "pain and suffering" encompasses both the physical and emotional consequences of an accident. The injuries of a victim can have a lasting impact on their lives that can cause permanent disabilities or even death. A person who suffers a severe head injury, for example might never be capable of working or functioning normally. These kinds of injuries can be worth an enormous settlement.
In most instances, the amount of pain and suffering an injured victim endures is determined by the severity of the injury and the impact it had on their life. An experienced lawyer will look into the specifics of your case to determine an appropriate settlement. They will utilize previous settlement amounts for similar accident injuries as a guide to give you an idea of what your case could be worth in terms of suffering and pain.
Insurance companies try to undermine the claims of victims for pain and suffering, by claiming their injuries are not severe enough. A skilled lawyer will rebuff these tactics and negotiate with the insurance company on your behalf to ensure that you receive a fair settlement.