How much can I expect for my car accident claim?
If you have been in a car accident caused by another driver, one of the questions you may have is how much money you can get. Most car accident claims are paid for by insurance companies – often the insurance company for the negligent driver. In order to receive your money, you will first need to file a claim with that insurance company.
So how much is your car accident claim worth? How is your claim calculated? Who determines the value of your claim? What accident-related expenses are covered? Experienced Wilmington, North Carolina car accident lawyer Richard Flexner has answers to these questions and more based on decades of experience dealing with complicated car accident claims.
How is my car accident settlement calculated?
In general, the amount of money you will receive for your car accident is calculated based on several different factors, including:
- The severity of your injuries.
- The length of your recovery.
- The extent of the damages to your vehicle.
In each case, the more severe your injuries (or the longer your recovery), the more money you will likely receive for your car accident. Such figures can vary widely. Sometimes, certain accident claims are determined to be worth several thousand dollars. Other times, a claim may be worth several million dollars.
Who calculates how much I will receive for my car accident claim?
This may be the most important question when it comes to determining how much you will receive for your car accident. In general, the amount of money you will receive for your car accident will be decided by one of the following:
- The insurance company for the at-fault driver.
- A jury or judge if you decide to file a car accident lawsuit.
The car accident attorney representing you can also play an important role in how much money you receive for your car accident. Your lawyer can and should advocate for the maximum financial compensation possible for your crash.
How do insurance adjusters determine the value of my settlement?
Insurance companies and the adjusters who work for them often calculate car accident claims by adding up the following expenses when determining the value of a claim:
- Medical bills associated with treatment immediately after the accident.
- The cost of repairing or replacing your damaged vehicle.
This method might seem fair at first. And in many cases, many insurance companies make settlement offers soon after a car accident to injury victims. But the reality is many settlement offers from the at-fault driver’s insurance company often don’t come even close to covering all your accident-related expenses. That’s because many insurance companies care more about saving money than fairly compensating car accident injury victims.
What expenses can I be compensated for after my car accident?
We take a different approach at the Law Offices of Richard Flexner. Our car accident attorneys take into account all car accident-related expenses associated with serious collisions. And not just the expenses immediately after your accident. We factor in future expenses related to your car accident. These expenses include:
- Ambulance fees after your crash.
- Vehicle repair or replacement costs.
- Diagnostic testing fees to determine what’s wrong with you.
- Surgical procedures.
- Overnight hospital stays.
- Follow-up doctor’s visits.
- Physical therapy.
- Future surgical procedures.
- Replacement income during recovery.
- Lost future income if you cannot return to work.
- Pain and suffering in certain circumstances.
All of these expenses can and should be considered when calculating your car accident claim. Otherwise, you could end up having to pay for your car crash out of your own pocket.
Can I demand more money for my car accident claim?
Yes. You can and should demand more money for your car accident, especially if you believe the money being offered by the at-fault driver’s insurance company doesn’t even come close to covering all your costs. And if the insurance company refuses to cooperate, you should consider filing a car accident lawsuit to receive the money you deserve.
To learn more about your legal options and how a lawyer can help you with your car accident claim, contact the Law Offices of Richard Flexner and schedule your free case evaluation with an experienced North Carolina car accident attorney at our law firm.