Auto Accident Lawsuit Settlement Amounts
Auto accident lawsuit settlement amounts vary widely. Each case is unique, which makes each case worth a different amount of money. Perhaps the most important aspect of an auto accident lawsuit when determining value is how badly you or your loved one was injured. If you have a serious injury, then your life is more likely to be significantly affected by the accident. You may have costs related to:
- Medical bills
- Lost wages
- Pain and suffering
- Potential future medical treatment
- Emotional distress
- Property damage
- Losses related to enjoyment of life
In some serious cases, an auto accident may rob you of your ability to work in your chosen field. In fact, you may not be able to work at all. You also may not be able to enjoy life the way you once could, such as playing with your children or doing recreational activities that you enjoyed.
In most situations, you can present all of these losses to the other side, or a judge or jury, in the hopes of increasing your settlement amount.
Valuing an Auto Accident Lawsuit
The insurance company has certain methods that it uses to determine how much an auto accident case is worth. Property damage is perhaps the easiest loss to establish because it will be the fair market value of whatever was damaged. For example, if you damaged just the door on your vehicle, then the insurance company will usually provide the amount needed to repair the door or replace it.
Figuring a dollar amount for injuries is much more complicated. Your medical expenses and your lost wages will play a role in determining what your injury is “worth.” The more severe the injury, the higher the settlement. The auto accident lawsuit settlement amounts will also likely be higher if there will be long-term negative effects associated with the injury.
You may also receive an amount for your pain and suffering. This portion is literally meant to compensate you for the pain that you felt during and after the accident. It may also compensate you for the future pain that is associated with your condition as well.
Some attorneys will tell you that a good rule of thumb is to take your medical expenses and multiply them by three to determine what your case is worth. While this might be a good starting point, each case will vary from this general rule.
Maximize Your Auto Accident Settlement Amounts: Speak to an Attorney For Free
Experienced lawyers value cases on a nearly daily basis. They can estimate how much your case is worth just by hearing the facts. Find out more by getting connected with an attorney near you. Call 877-810-4067 for more info or use the contact form above to get started.