Liviu Marcus
In fact, the fact that driving is a daily and regular habit of almost every individual, accidents do occur almost everyday. It is a difficult matter to determine how to do the best compensation claim after a car accident, although it does not reach the crime level since it is their negligence which causes the accident.
In general, the settlement figure is usually established through the two drivers’ insurance companies’s negotiations. Should they fail to reach a compromise on a certain sum or amount, the case may be taken to court. The second alternative might require more time but might generate greater benefit in the end. In the majority of cases, financial damages as a result of the traffic accident refer to the injured losses compensation. These may comprise medical costs, loss of income, and property damage.
Car Accident Settlement Worth
Non-economic damages are intended to compensate for the non-monetary loss caused by the accident, like pain, emotional suffering, loss of life pleasure, etc. In contributory negligence law states, an injured party cannot receive compensation if they are unable to prove that the other driver was negligent. Although every case differs, there are certain general factors that may influence the quantum of a possible settlement. Here are a few points to remember.
How Serious Your Injuries Are
Severe injuries usually result in higher medical bills, lost wages, and more pain and suffering than less serious ones. Therefore, persons who have suffered serious accident-induced injuries expect larger settlements. This mostly holds true in cases where the victim has a long-term or permanent disability.
The Amount of Property Damage
Another important thing in this case is how much property damage one has. Most of the time, a car that is heavily wrecked will bear larger compensation than a car with only so small damages. It is thus for the reason that either repairs are expensive and if your vehicle is totally destroyed, choosing a new one is what you should do.
The State in Which the Accident Occurred
In most cases, the state where the car accident settlement has to be done will be different from where the accident happened. For example, some states have pain and suffering damages recovery amount limitation laws. Therefore, victims in these states will get smaller settlements in comparison with those in states without such laws. Other states, on the other hand, have contributory negligence laws, which bar victims from obtaining any damages if they were partly at fault.
Whether You Lost Wages
If you lose time from work because of an accident, and consequently suffer some lost wages, those would also be included in the calculation of your settlement. The settlement increases with the duration of joblessness.
Conclusion
The settlement of a car accident you obtain will be determined by many different factors such as your medical expenses, expenses for repairs of property, and the state in which the accident happened. That said, it is not that easy to come up with a definite sum that you can get from a settlement rather knowing what is within the range can be helpful in approximating the settlement amount. A personal injury lawyer is an individual whom you may seek advice and guidance on what measures to take in this regard.
