What You Get From an Auto Accident Settlement

The amount you will receive from a car accident settlement depends on the severity of your injuries. More severe injuries can result in larger current and future medical costs.

Documenting your losses will aid in maximizing your settlement. Your lawyer can create the complete list of damages that include doctors' notes, wage documents, and eyewitness testimony.

Medical bills

When people get hurt in a car crash medical bills are usually on their minds. Fortunately, the law generally covers these costs in personal injury cases. However, it can take months or even years before the responsible driver is held responsible by an order of the court or a settlement agreement. In the meantime, victims are able to accrue medical bills that must be paid.

Injuries from car accidents typically require extensive medical treatment, including surgery and physical therapy. Medical bills can be high. It is essential for the victims to understand that they shouldn't have to bear the financial burden of paying their own medical expenses following the crash, and the driver at fault should be accountable to pay them as part of their settlement.

In certain cases, the party at fault may be responsible directly for medical expenses of the victim. In certain instances, the victim’s health insurance policy or med-pay plan will pay these costs when they become. The cost of these bills could be covered by rolling claims depending on the insurance coverage of the victim and circumstances.

In some cases, the hospital or health insurance provider will create a lien against a portion of the victim's eventual settlement. A lawyer with experience can negotiate these liens to bring more money into the pockets of the victim.

Lost wages

A car accident can create financial havoc. In addition to medical costs and property damage you may have to pay for lost wages because of your injuries. New York law requires that your insurance policy for cars reimburse the loss of income up to a specific amount. Your attorney will fight to secure the full amount of the lost wages.

Paystubs or other forms of documentation for wages are the most common way to prove the loss of income. Other documents that are relevant include invoices, bank statements and correspondence in the case of self-employment. The correspondence from your employer that confirms the number of hours/days you were absent from work because of your injuries is equally important.

If you suffer a long-term injury that restricts your ability to work or stops you from working at all the lawyer you hire may consult an expert economist or financial specialist to determine the worth of your earnings potential. In this type of case the expert will look at your education, age, training, credentials and career progression, as well as job duties that you can no longer fulfill.

Our Syracuse car accident lawyers often represent clients who were seriously injured in accidents and are not able to work. They are not only entitled to no-fault lost wages, but may be able to get additional compensation from the at-fault driver's insurance or the car owner's insurance.

Pain and suffering

Car accident victims deserve compensation for the emotional stress and pain they experience after an accident. Insurance companies often ignore emotional pain and suffering because they aren't documented by x-rays or photos. This is why it is so important to have a competent personal injury lawyer to represent you when dealing with the at-fault driver's insurance.

Your Queens injury attorney can help you gather evidence that supports your claim. For example, a patient's medical bills and formal diagnoses can prove the severity of their injuries. A diary or journal, which begins on the date of the accident and continues throughout the healing process, can capture physical and emotional pain and distress.

The degree of your injuries will affect the amount of your settlement. For instance, a serious spinal cord injury or a severe brain trauma could result in a higher payout than a minor concussion that healed within three weeks.

Your settlement for an auto accidents accident will be affected by the amount of your injuries. Your lawyer will assist you in formulating your damages and constructing an argument that is strong enough for you to receive the full compensation you are entitled to. To learn more about the different types of damages that may be awarded in the course of a New York Auto Accident Attorneys accident lawsuit, contact an experienced attorney.

Damages

As we have discussed previously the purpose of settlement awards is to compensate car accident victims for financial losses. The amount awarded will be contingent on the severity of a person's injuries and how much they've lost because of injuries to their property and work.

In addition, an award can also include non-economic damages such as suffering and pain. Insurance companies use formulas to calculate the amount they are required to pay. These damages are hard to quantify however they can be determined. A multiplier, often dependent on medical expenses is added to the quantifiable expenses to determine a settlement amount for non-economic damages. Major injuries and permanent impairments are usually compensated with greater amounts than minor injuries or temporary injuries.

A car crash is an experience that is traumatic and can drastically alter your life. The amount of a settlement won't cover these losses, but it can assist victims to overcome their financial burdens and return to normal.

A seasoned lawyer for car accidents is able to evaluate your case and fight for the highest settlement possible. While it could be tempting to settle for less than you deserve, it could jeopardize your future recovery. If you sign the settlement agreement, you are reneging on the right to file additional claims or seek justice for any further losses related to the accident.