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What You Get From an Auto Accident Settlement The amount of money you receive from a car accident settlement will depend on the extent of your injuries More severe injuries result in higher current and future medical expenses Documenting these losses will assist in maximizing your settlement Your lawyer can prepare an inventory of damages including medical notes wages records and eyewitness testimonies Medical bills Medical bills are often the first thing people think about when they are injured in a car crash Fortunately the law usually covers these expenses in personal injury cases It could take months or in some cases years before the atfault driver is held liable through an order of the court or a settlement agreement however In the meantime victims are able to accrue medical bills that must be paid Car accident injuries often require extensive medical treatment including surgery and physical therapy The medical bills that result can be quite high It is important for victims to realize that they shouldnt be forced to shoulder the cost of their own medical bills after a crash and that the driver at fault should be responsible to pay them as part of their accident settlement In certain cases the atfault party can cover the medical bills of the victim directly In certain instances the victims health insurance coverage or medpay may pay these costs when they accumulate The cost of these bills could be covered by rolling claims based on the insurance coverage of the victim and the situation In some instances hospitals or health insurance provider may make a lien against a portion of a settlement of a victim An experienced lawyer can negotiate these liens to put more money in the pockets of the victim Loss of wages A car crash can cause havoc on your finances You may also need to pay the cost of lost wages due to injuries as well as medical bills and property damage New York law requires car insurance policies to reimburse you for lost income within a certain limit Your attorney will fight for the entire amount of the lost earnings Paystubs or other forms of documentation for wages are the most commonly used method to prove the loss of income If you were selfemployed or working on commission other pertinent documents include profitandloss statements invoices receipts and bank statements and other financial correspondence A letter from your employer confirming the number of hoursdays you were off work due to injuries is also important If you suffer a permanent injury that reduces your ability to work or prevents you from working The lawyer can refer you to an expert economist or financial expert to determine the future value of your earning potential In this case the expert will analyze your age education and training credentials career path and job duties you are no longer able to perform Our Syracuse car accident lawyers often represent clients who have been severely injured in accidents and are unable to work Not only are they entitled to compensation for lost wages resulting from accidents that werent their responsibility but they may also be able obtain additional compensation through the insurance company of the driver or car owner who was responsible Suffering and pain After a collision car victims of accidents should be compensated for their emotional trauma and pain However because emotional pain as well as physical pain cannot be captured in a photo or documented using xrays insurance companies tend to deny these losses It is important to have an experienced personal injury lawyer on your side in dealing with the insurer of the driver who caused the accident Your Queens injury lawyer can assist you gather evidence to back your claim Medical bills and formal diagnoses for instance can be used to establish the severity of a victims injuries auto accident lawsuit st charles or diary that starts at the time of an accident and continues throughout the healing process can record physical and emotional discomfort as well as emotional turmoil The extent of your injury can determine the amount of settlement you receive For instance a severe spinal cord injury or severe brain trauma could result in a greater settlement than a minor brain injury that was cured in three weeks Your auto accident settlement will be impacted by the amount of your injuries Your lawyer will assist you in formulating your damages and constructing an effective case to receive the full compensation that you deserve To learn more about the kinds of damages that may be awarded in a New York auto accident lawsuit Contact an experienced attorney Damages As we mentioned above settlement awards are meant to compensate victims of car accidents for their financial losses The amount of compensation will depend on the severity and the extent of the injuries suffered by the victim as well as the amount of the victim has lost in the form of missed work or property damage Additionally an award may also cover noneconomic damages such as suffering and pain Insurance companies use an equation to calculate the amount they have to pay These damages are difficult to quantify but they are able to be calculated A multiplier often determined by medical expenses is added to the quantifiable cost to calculate a settlement amount for noneconomic damages Major injuries and permanent impairments are generally awarded higher settlements than minor injuries or injuries that are temporary A car accident can be a traumatic experience and the losses associated to it can be devastating The amount of a settlement wont completely erase the losses but it can help victims overcome their financial issues and return to normalcy A car accident lawyer with experience will know how to evaluate your case and fight for an amount that is as high as possible Although it could be tempting to accept a lower amount than youre entitled to but doing so could jeopardize your future recovery You give up your rights to sue or file further claims related to the accident after you sign the settlement agreement
