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Evaluating Car Accident Injuries: How Much Should Your Claim Be?

by Louise W. Rice
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If you’ve recently been involved in a car crash, you may find yourself dealing with physical injuries, emotional distress, and mounting medical bills. This unfortunate experience can significantly change your life. So, it’s crucial to evaluate the extent of your injuries is crucial to determine the appropriate compensation you should legally seek for your claim.

In this article, we will guide you through the process of understanding car accident injuries, factors that influence claim value, the role of comparative fault, negotiating with insurance companies, additional considerations, and the importance of seeking legal advice.

Factors Influencing the Value of a Claim

A comprehensive assessment will ensure that you pursue adequate compensation to cover medical expenses and account for the disruptions in your life. Hiring a personal injury attorney can be advantageous in navigating the complexities of the claims process.

If you’re looking for an experienced car accident lawyer, choose one from a reputable law firm. Your lawyer can help protect your rights, gather evidence on your behalf, negotiate with insurance companies, and ensure you receive the compensation you deserve.

Below are the factors that influence a claim’s value:

  • Medical Expenses

medical expenses

In 2021, the National Safety Council reported that there were about 5.4 million medically consulted injuries due to vehicular incidents. The total costs of motor-vehicle injuries were estimated to be a staggering USD$498.3 billion.

Medical expenses are a significant component of your injury claim. Hospitalization, emergency treatment, surgeries, ongoing medical treatments, prescription medications, and rehabilitation costs should all be factored into the evaluation of your claim. Gathering thorough documentation of your medical expenses is vital to present a convincing case to the insurance company.

  • Lost Wages and Income

If your injuries have caused you to miss work, calculating lost earnings during your recovery period is essential. Additionally, consider the potential for future income loss if your injuries result in a long-term disability or reduced work capacity. Demonstrating the financial impact of the accident on your life can increase the value of your claim.

  • Pain and Suffering

Injuries can cause immense physical pain and emotional suffering. While it may be challenging to quantify these non-economic damages, they are a crucial aspect of evaluating your claim’s worth. Insurance companies often use various methods to calculate pain and suffering compensation, such as the multiplier method or per diem method.

The multiplier method involves calculating your economic damages and then multiplying them by a chosen variable. The variable typically falls within a range of 1.5 to 5, with higher values assigned to more severe cases.

If you suffered severe injuries resulting in USD$ 80,000 in economic damages, the insurance adjuster and your attorney agree to use a multiplier of 3 to evaluate your pain and suffering.

  • Calculate Economic Damages: USD$80,000
  • Apply the Multiplier: 3
  • Compute Pain and Suffering Damages: USD$80,000 x 3 = USD$240,000

In this example, your pain and suffering damages would amount to USD$ 240,000, based on the multiplier method. Keep in mind that the actual multiplier used and the final calculation may vary depending on the specific details and circumstances of the case, as well as negotiations with the insurance company or legal proceedings.

The Role of Comparative Fault

the role of comparative fault

In some cases, multiple parties may share responsibility for the accident. Understanding the concept of comparative fault is crucial, as it can significantly impact your claim value. If you are found partially at fault, your compensation may be reduced accordingly.

Insurance companies may attempt to use comparative fault to diminish the value of your claim. Providing clear evidence and witness statements to refute any claims of comparative fault is essential in maximizing your compensation.

Additional Considerations

Be mindful of the statute of limitations because incompliance could result in losing your right to pursue compensation. Punitive damages may also be awarded when intentional harm or extreme negligence is proven. Additionally, you may receive a structured or a lump-sum payment. Before making a decision, ensure to weigh their pros and cons to determine what best suits your financial needs.

How Much Should Your Claim Be? 

The approximate average settlement amount for a personal injury car accident case in the United States is between USD$ 15,000 and USD$ 20,000. But again, many factors affect the exact compensation you’ll receive since each case is unique.

Evaluating car accident injuries is a complex process. But you must be ready to ensure you obtain just compensation. It’s a must to seek legal advice to ensure that your claim accurately reflects the physical, emotional, and financial toll the accident has taken on your life.

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