How to Calculate a Car Accident Settlement
You’re expected to know plenty of things after a car crash, such as when to contact your insurance company, where to file a collision report, and how to calculate a car accident settlement. With all this on your plate, you might feel overwhelmed.
With the help of an attorney at Craig Swapp & Associates, this process won’t be so difficult. Our team can guide you and get you the compensation you need after your auto wreck.
Calculating Your Financial Damages
Damages typically come in two forms: economic and non-economic. Economic damages are those that likely come to mind when you think of a car accident—monetary expenses that you’re paying because of the accident.
These are relatively easy to calculate. After all, you’ll have a hospital bill and a list of car repairs. Our lawyers can help you add up these expenses and estimate the total monetary cost of your crash.
However, this should also include future expenses. For example, if you’re going to need physical therapy after a paralyzing spinal injury, you need to include an estimate of these expenses. You’ll also need to consider the value of any income you’ll lose from being unable to work temporarily or permanently.
Determining the Value of Non-Economic Damages
Non-economic damages are a little more complicated because they tend to be subjective. For example, while a broken leg may not be psychologically debilitating to someone with an office job, a professional athlete would likely be emotionally devastated.
Non-economic damages are intangible hardships you might have suffered because of the accident, including the following:
- Mental anguish
- Pain and suffering
- Loss of companionship
While calculating the value of such difficulties can be complicated, our attorneys have the tools to do so accurately and fairly so you can get the compensation you truly deserve.
For Personalized Help, Call Us
Knowing the types of damages and what you need to collect can help, but if you’re struggling with how to calculate a car accident settlement, you may need help from one of the qualified attorneys at Craig Swapp & Associates.
We understand how confusing calculating a car accident settlement can be, especially if not all of your damages are financial. We believe, however, that you deserve full and fair compensation, and we’ll fight hard to make sure you get it. Give us a call at 1-800-404-9000 or fill out the online contact form below for more information.