How to Calculate a Car Accident Settlement
When you file a personal injury claim against the person responsible for the injuries you suffered in a car crash, you know you are seeking compensation for your losses. But you might not be aware of the true value of your claim. Continue reading to learn more about how much a typical auto accident is worth and what factors are included in these calculations.
Your Non-Economic Damages
Considering non-economic damages is crucial to your claim. When we discuss non-economic losses, we are talking about those that do not have a direct monetary value. These often will include pain and suffering, emotional distress, the effects of disfigurement, the loss of enjoyment of life, and the loss of consortium.
These areas can be even more impactful than financial damages, which is why they are often more difficult to quantify. For example, if you were an avid golfer before you suffered a broken arm that has made it impossible for you to continue golfing, we would calculate how impactful this injury is and apply an appropriate monetary figure to your claim.
Determining the economic value of your claim is a relatively simple process. If you have been unable to work for a period of time, you are entitled to recover your lost wages. In addition, damage to your future earning potential, which could be missed wage increases, promotions, and contributions to your 401K, is recoverable.
Most importantly, we will calculate the extent of your medical expenses. The at-fault party should cover any costs that are directly related to your injuries. Hospital bills, copays, medical equipment, prescription medications, adjustments to your home to accommodate a disability, and even transportation costs to and from doctor visits should all be included.
Meet with a Los Angeles Car Accident Lawyer
If you want to hold the person who caused your car accident accountable for his or her actions but aren’t sure whether you have a claim that is worth pursuing, contact a qualified Los Angeles car accident lawyer with Haffner Law today.
You can schedule a no-cost claim evaluation by giving us a call at 1-844-HAFFNER (423-3637) or filling out the convenient contact form below.