Posted ByFrankIt is natural to ask, “How much is a car accident settlement worth?” Filing a car accident injury claim and seeing it through to settlement seems like a major project, one you’d like to believe is worth putting your time and effort into.
You need to know what kind of payment you can expect if you settle your injury case. Every injury case is unique, and the amount you can expect to receive in a settlement depends on the facts of your own case. It should include enough to cover medical expenses and make up for the wages you’ve lost as well as compensation for pain and suffering caused by the injuries.
Ask our Austin car accident attorneys for professional help with your accident injury claim. Email or call us at 800-615-5370 today.
Medical Expenses
Medical billing records provide a starting point for calculating the medical cost component of your settlement. You’ll need to collect all the bills, including those from the hospital and from individual physicians who provided care or were consulted to review medical diagnostic tests.
The cost of physical therapy and other rehabilitative treatment is a part of medical expenses as well, along with prescription drugs, mobility assistance devices and other items essential for your care.
Looking To The Future
Your recovery from injuries may not be complete when your settlement is determined. Medical costs could extend indefinitely into the future, especially when a person is disabled as a result of a motor vehicle accident.
To be sure that all expenses will be paid, you need statements from medical caregivers to estimate the amount of treatment you will require into the future. Estimates can draw on actuarial data based on similar injuries. A settlement can be structured accordingly to pay medical bills over a lifetime.
How Much Is A Car Accident Settlement Worth?
In settling a motor vehicle accident case, damages usually include replacement for income that was lost because of accident injuries. If an injured person needs to retrain for a different kind of work, the settlement should include the cost of training. If an injured person is totally disabled and cannot work at all, lost wages projected for a lifetime will be calculated.
An additional amount is often awarded for the pain and suffering the accident injuries inflicted. The amount of this part of the settlement is necessarily somewhat subjective. It is very helpful to have an experienced lawyer who can review your case and determine a realistic amount to ask for, based on comparable cases that have been recently settled.
Wrongful Death Settlements
In a wrongful death case, relatives should be compensated to make up for what the fatally injured person would have contributed to them. The total will include future lifetime earnings and investments that would have gone into the departed family member’s estate to be inherited in the future.
The wrongful death settlement will cover medical bills, the funeral and burial costs for the person who died. Damages can include a pain and suffering award, too.
Our capable Austin car accident lawyers will work diligently for a fair settlement for you. Call us ator contact us by email for an appointment.