A car accident can be an incredibly difficult situation to navigate, especially when you factor the emotional, physical, and financial repercussions that may emerge afterward. Putting an exact dollar amount on an insurance claim is not always a straightforward process, especially when you’re trying to recover from your injuries. Several factors may influence settlement negotiations and the value of your vehicle before you’re able to reach a final agreement. The at-fault driver, their legal counsel, and their insurance company may assess your claim much lower than your personal attorney would.
To trial or not to trial
When assessing how much a car accident claim is worth, most incidents are settled far before going to trial. However, sometimes parties cannot reach an agreement about the value of a claim. In these instances, victims of car accidents may need to go to trial to let the court decide how much compensation they’re entitled to in order to recover from damages incurred.
Economic losses included in the value of a car accident claim will be based on expenses such as lost wages, medical expenses, and non-economic costs such as pain and suffering. In certain cases, evaluating these expenses may require your attorney to consult with experts and specialists.
Total economics losses experienced after a car accident injury will vary greatly among claims. For example, if a child is injured in the accident, parents may have to miss extra days of work to care for his or her medical needs. Severe car injuries can be expensive, and paying for the costs of repairs can be significant. If you’re the victim of a car accident, navigating the situation on your own can be difficult. An attorney with experience in motor vehicle accidents may be able to advocate for you and help you fight for the maximum amount of compensation to help you recover faster.