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What You Get From an Auto Accident Settlement The amount you will receive from a settlement from a car accident is contingent on the degree of your injuries Medical bills are more expensive for more severe injuries Documenting your losses will maximize your settlement Your lawyer can make an inventory of damages including medical notes wages records and eyewitness testimonies Medical bills Medical bills are often the first thing people think about when they get injured in a car crash In the majority of personal injury cases the law will cover these costs It can take months or in some cases years before the atfault driver is held liable through a court verdict or settlement agreement however In the meantime victims accrue medical bills that must be paid Injuries from car accidents typically require major medical procedures like surgery and physical therapy The resulting medical expenses can be quite high It is essential for the victims to understand that they should not be required to shoulder the cost of their own medical expenses following the crash and the driver who caused the crash is responsible to pay them as part of their accident settlement In some cases the atfault party may pay the victims medical bills directly In other cases the victims health insurance plan or medpay coverage will pay these costs in the event that they increase Depending on the victims situation and the type of insurance coverage these costs can also be covered under rolling claims In some cases the hospital or health insurance provider may make a lien on a portion of the victims final settlement An experienced attorney can negotiate these liens so that they can put more money into the victims pockets Loss of wages A car accident can create destruction to your finances In addition to medical costs and property damage you may be required to cover the cost of lost wages because of your injuries New York law requires car insurance policies to compensate you for your loss of income up to a certain amount Your attorney will fight for the full amount of the lost wages The most common method used to prove lost earnings is to submit paychecks or other documents related to wages If you were selfemployed or on commission the other relevant documents include profitandloss statements receipts invoices bank statements as well as financerelated correspondence It is also important to have letters from your employer that substantiates the number of hours or days you missed due to your injury If you suffer a permanent injury that restricts your ability to work or prevents you from working Your lawyer can consult an expert economist or financial expert to determine the worth of your earnings potential In this scenario the expert will look at your age education qualifications training along with your career tracker and tasks that you can no longer fulfill auto accident lawsuit league city represent clients who were severely injured in accidents and are in a position of being unable to work Not only do they have the right to compensation for lost wages due to accidents that were not their at fault but they could be able to obtain additional compensation through the insurance company of the driver or owner of the vehicle who was at fault Pain and suffering Car accident victims are entitled to compensation for the emotional distress and pain they experience after an accident Insurance companies often discount emotional pain and suffering because they cannot be documented by photographs or xrays This is why its crucial to have a professional personal injury lawyer in your corner when dealing with the insurer of the driver at fault Your Queens injury lawyer can assist you with gathering evidence of all kinds to support your claim for damages For instance a patients medical bills and formal diagnoses can demonstrate the severity of their injuries A diary or journal that starts on the date of an accident and continues throughout the recovery process can capture emotional distress and physical discomfort The extent of your injury can also affect the amount of settlement you receive A spinal cord injury or a severe head trauma for instance could result in a larger payout than a minor sprain that heals within three weeks The amount you pay for your auto accident will be affected by the value of your injuries Your lawyer will assist you determine the extent of your injuries and build an effective case to receive the full amount you deserve To learn more about the types of damages that could be awarded in a New York auto accident lawsuit contact an experienced attorney Damages As we discussed above the purpose of settlement awards is to compensate car accident victims for financial losses The amount awarded will be contingent on the severity of a persons injuries and how much theyve suffered due to the absence from work and property damage A verdict may also include noneconomic damages such as suffering and pain These damages are not easily quantifiable However insurance companies employ formulas to determine how much to pay for these damages A multiplier often determined by medical expenses is added to the quantifiable costs to determine the amount of settlement for noneconomic damages Severe injuries and permanent impairments typically result in larger award amounts than injuries that are minor or temporary A car accident is a devastating event and the financial losses that come to it can be devastating The amount of settlement wont completely erase the losses but it can aid victims in overcoming their financial burdens and return to normalcy A skilled car accident lawyer can assess your case and fight for the most lucrative settlement Although it might be tempting to take a lesser amount than you deserve this could jeopardize your future recovery Once you sign a settlement agreement you are reneging on the option to file additional claims or bring a lawsuit in court to recover any additional damages related to the accident
