How Much to Expect from a Car Accident Settlement
When you’re in an auto accident, you’ll likely have a lot of questions and worries about yourself, the other driver, and your future. Because no one is prepared for the aftermath of a wreck, you’re probably wondering how much your accident will cost you.
Car accidents can become expensive quickly. Worse, your insurance company might not be willing to help you recover. After all, they have profits to protect. You’ll need to know how much to expect from a car accident settlement so you don’t inadvertently accept a lower amount than you deserve.
At Craig Swapp & Associates, we can help you find the full worth of your claim. You’ll need maximum funds to recover from your injuries, and we’ll help you secure the amount you deserve.
Your Economic Damages
Car accidents can have devastating results. You’ve likely already been to the hospital, missed some work while recovering, and now you’re looking at a totaled car, too.
All these damages are known as economic damages, or the financial losses you’ve suffered because of your accident. When you’ve suffered from a serious accident, you’ll need compensation that covers the bills you’ve received for your accident.
To calculate these, you’ll simply need to add up your bills and estimate the costs of your future losses from the car crash. Below are a few examples of those damages:
- Medical expenses
- Lost wages
- Property damage
- Household services
- Household accommodations
What Are Non-Economic Damages?
When you’ve been injured in a serious car accident, your first concern might be the costs of your accident. You might notice later, however, that the auto wreck affected you in other ways, too. You’re suffering from anxiety, nightmares, and flashbacks of the event. You might also have suffered serious injuries, which are affecting you mentally.
Although these non-economic damages are intangible, it’s still important that you get compensation for these losses. You might need an experienced and highly trained attorney to help you find the worth of your claim, as your damages will depend on the impact they have had on your life. For example, if your anxiety kept you from driving to work, you should be compensated for that loss.
When you’re trying to find the worth of your non-economic damages, keep any of the following damages in mind:
- Mental anguish
- Pain and suffering
- Emotional trauma
- Loss of enjoyment of life
Know What to Expect First
When you’ve been injured in a car accident, you should receive compensation for more than your car repairs and hospital bills alone. You should also receive compensation for all the suffering you’ve experienced at the hands of the careless driver.
However, you might not know how much to expect from a car accident settlement. If you don’t have the tools or resources to calculate the total worth of your claim, you might need a lawyer from Craig Swapp & Associates on your side.
If you’re not sure how much you should accept for your settlement, reach out for a free consultation with a lawyer at our firm. Start the conversation by calling 1-800-404-9000 or by filling out the online form below.