How to Calculate a Car Accident Settlement
You likely know that, after a car accident, you have file a claim against the liable party and his or her insurance company to obtain compensation for your damages. However, if you’ve never had to do this before, you may feel unsure of how to calculate a car accident settlement.
Our team at Craig Swapp & Associates wants to make sure you are given all the benefits you need after your crash so you’re able to move on with your life. Below, we’ve highlighted the contributing factors you should consider when calculating the value of your settlement.
Almost every type of motor vehicle accident leads to some type of property damage. Even minor fender-benders can lead to exorbitant costs. However, if you didn’t cause the crash, there’s no reason why you should have to pay these fees. Instead, include the total costs of any damage to your vehicle—or the cost of replacing your vehicle—in your car accident settlement.
If your car accident also caused physical injuries, you should include any medical costs in your settlement, as well. This may include factors like bills from your doctor or the hospital, the costs for any medical rehabilitation programs or equipment, travel costs, and medication expenses. You should also factor in any bills you will be expected to pay in the future.
Often, the effects of a car crash can extend beyond simple monetary costs. Because of another driver’s negligence, you may suffer decreased quality of life, loss of companionship, and emotional trauma. These are considered non-economic damages, and you can include them in your car accident settlement calculations.
However, calculating the value of pain and suffering is difficult, which is why many car accident victims leave that task in the hands of an experienced lawyer.
Call a Car Accident Lawyer
Now that you know how to calculate a car accident settlement, you’ll likely be seeking a knowledgeable and reputable attorney to help you move forward. If so, don’t hesitate to contact the team at Craig Swapp & Associates. We will do everything in our power to ensure you recover the benefits you deserve.
Fill out the online contact form at the bottom of the page or give us a call at 1-800-404-9000 to find out more about what we do and schedule a meeting today.