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How Much Is Your Auto Accident Compensation Worth? Damages resulting from car accidents are designed to compensate victims for their losses. Some of the damages include property damage, medical bills and pain and suffering. In New York, you have up three years to file legal action after a crash, however not acting quickly can hurt your case. In time, evidence may be lost or destroyed and witnesses may forget key details. auto accident attorney virginia In the event of a car accident the victims may receive compensation for their economic losses for medical bills and lost wages. Additionally, they may be compensated for non-economic losses, such as pain and suffering. However, the amount your claim will be worth is contingent on the extent of your injuries and their impact on your life. A knowledgeable attorney for car accidents can help you determine the worth of your injuries and property damage, and negotiate with the insurance company to reach an acceptable settlement. Insurance companies are in the business of making money. They will do all they can to pay your claim as inexpensively as they can. So, you need an attorney who understands how to get the highest amount of money that you deserve. In addition to the cost of repairing your vehicle, you can also claim reimbursement for personal belongings which were damaged in the accident. This includes your shoes, clothes and jewelry. You may also be eligible for compensation for costs related to gardening, housekeeping, or childcare if you are unable to do these tasks yourself due to your injuries. In determining the worth of your claim, your deductible is also considered. You must pay your deductible before the insurance company can begin to compensate you for your losses. You could then sue the driver responsible for any remaining damages. Medical bills The medical bills that result from a car accident can quickly grow. The cost of an ambulance ride, hospital stay and inpatient treatment can amount to hundreds of thousands of dollars or more. The cost of prescription medications as well as physical therapy and other treatments can rise as the accident victim recovers. If an individual driver is found to be at the fault of a lawsuit, they are responsible for the victim's damages, including medical expenses. The law does not require that the at-fault party pay for medical expenses incurred by their victim on regularly. If you do not reside in a state with no-fault laws, the first step to take for medical bills compensation is to submit an application to your auto insurance company for PIP (personal injury protection) coverage. Depending on your policy limits it could be able to be sufficient to cover all or a portion of your medical expenses. You should also make a claim with the insurance policy of the driver who is at fault for any liability insurance they carry, as well as the uninsured motorist coverage on your own car policy. These insurance policies may reimburse your medical expenses however they are usually accompanied with deductibles, as well as other conditions that you must adhere to. An experienced lawyer can help you in navigating the process of getting your medical bills paid. This will enable you to not spend your income on medical bills, and instead concentrate on your recovery. Lost wages Accidents in the car could keep you out of work. You may be unable to pay your bills, and lose income as a result. You might need to borrow money from your friends or family. A settlement could take months. In the meantime, you will have to keep paying the bills from your own pocket and wait for the settlement. A claim for lost wages may help you recover the money you would have earned if not for your car accident injury. This can include salary as well as hourly wages, but it can also include other financial benefits, such as increases and bonuses. Your lawyer can determine the actual amount of lost earnings. You can file a claim with an insurer that does not have fault or claim the person at fault for the loss of wages. The claim will usually include the cost of your medical bills, proof of absences due to your injuries, and documentation of your lost earnings capacity. This is often referred to as demand package. You'll have to provide an employer's letter providing proof of your employment, which includes the days you missed work due to your injuries and the hours you work normally. You'll need to provide your paystubs, tax documents and other relevant documents. Your attorney can assist in gathering these documents and creating a compelling demand that you can submit to the insurer or judge in your case. Suffering and pain Certain expenses associated with an accident can be figured to the penny, like medical bills, emergency services surgeries, medications, lost wages, etc. While others aren't. These unquantifiable losses are known as pain and suffering, and are an essential part of a victim's compensation claim. The emotional and physical consequences of an accident can be as a result of pain and suffering. The injuries sustained by a victim can have a lasting effect on their lives and cause permanent disabilities, or even death. A person suffering from a debilitating head injury, like, may never be functional or work normally. These kinds of injuries typically need a substantial settlement. In most instances, the amount of pain and suffering a victim experiences is determined by the severity of the injury and the impact it affected their lives. An experienced attorney will research the specific details of your case and decide the most appropriate amount to settle. They will utilize previous settlement amounts for similar injuries as a guide in order to give you an idea of the value your case is worth. Insurance companies attempt to deny the claims of victims of pain and suffering, in the belief that their injuries are not enough severe. A skilled lawyer will stand up to these tactics and negotiate on behalf of you with the insurer to ensure you get a fair settlement.