What Damages Are You Entitled To For A Car Accident Claim?
There are many different types of damages that are awarded in car accident claims. What damages you receive depends largely on the circumstances surrounding your case, including how extensive your medical treatment was and how badly your vehicle or other property was damaged. Here’s what you could receive if your case is successful.
What Medical Expenses May Be Covered?
Medical expenses are considered economic damages, which means that it’s easier to place a numerical value on what these damages were. For example, whatever medical bills you incur will be included in your claim in their entirety.
If you win your case, you will be awarded compensation for your medical expenses, which can then be used to pay your bills or if you have already paid them, the money is yours to keep.
What Property Damage May Be Covered?
Vehicles are often damaged in car accidents, be it minor or major damage. After an accident, your insurance company and potentially the other party’s insurance company will have an agent assess the damage.
They will obtain quotes from a mechanic and a body shop to determine what it would cost to repair your vehicle, or if your vehicle is considered totaled, they will obtain the current market value of the vehicle before the damage. If you win, you will be awarded compensation for the repair or replacement of your vehicle.
Are You Covered For Lost Wages?
It’s not uncommon for individuals to have to take time out of work to recover after a car accident, and in cases of severe injury, individuals may not be able to return to their old job or they may be permanently disabled. It’s important to work with a forensic accountant in these cases.
A forensic accountant can help calculate your current wages, including any bonuses or other types of compensation you would have received, and calculate what you would have received in the future. Future income should include reasonable raises and should account for inflation.
Are You Entitled To Compensation For Pain and Suffering?
Pain and suffering is a non-economic damage, meaning it’s more difficult to assign a monetary value to it. All the facts of your case will be considered and often, a formula is used to determine what you should be awarded for your pain and suffering.
Because pain and suffering are subjective, this is often what the other side will attempt to negotiate down by minimizing what you went through — it’s up to your car accident attorney to illustrate the severity of your injuries and the effects it has had on your daily life.
Injured in a Car Accident? Contact Albrecht Law Today
If you’ve been the victim of a car accident, don’t wait to get experienced help. Learn more about what compensation you may be eligible for after a collision by contacting Albrecht Injury Lawyers today.