Trans4mind Home Page
Home Article Library Finance, Business & Law

Compensation for Damage: Your Guide to
Car Accident Injury Settlement Amounts

Bad Faith Claim

Every year, between 20 and 50 million people suffer non-fatal injuries as a result of road traffic crashes.

If you or a loved one were involved in a motor vehicle accident that resulted in injuries, you're entitled to compensation. But how much can you expect to receive?

Car accident injury settlement amounts vary. So, too, do the type of damages you can expect to receive compensation for. We've outlined all of that and more in this quick guide to compensation in a car accident lawsuit.

Factors That Determine Car Accident Injury Settlement Amounts

There's no average car accident injury settlement amount to speak of. That's because car insurance companies can use as many as 70 factors to determine the value of compensation.

Some of the most important things they'll consider are the severity of your injury, the length of time it will take to recover, the long-term impact of the injuries, as well as the type of medical treatment required. They'll also consider the extent of your policy, of course, as well as the type of case you have.

Damages Covered in a Car Accident Lawsuit?

If your injuries are the result of someone else's negligence, then the types of damages you're entitled to are extensive. For example:

  • If your car was totaled as a result of the accident, you're entitled to the value of the property damage.
  • Medical expenses incurred as a result of the accident and any expenses incurred in the future should be compensated, including physical therapy, injections, and other medical procedures.
  • If you can't return to your job right away or you can't continue to work at all, you may be entitled to lost wages.
  • The severity of your injury and the amount of disruption you experience will determine what you receive for pain and suffering.

As you can see, compensation is available to cover both monetary losses as well as physical and emotional damage.

How to Find Out How Much You’re Entitled To

You may have come across some pain and suffering calculators on the internet. These aren't at all accurate. As we've already discussed, there are many factors taken into consideration when evaluating your case and the types of damages available to you extend well beyond pain and suffering.

The only way to get a good idea of how much you might be entitled to is to contact a car accident lawyer. An experienced attorney can look at the details of your case and tell you what you should be looking for. They'll also help you gather strong evidence and a strategy to pursue what you're entitled to.

More on Legal Matters That Affect Your Wellbeing

When it comes to car accident injury settlement amounts, there's no average. There are far too many factors that go into calculating the value of a car accident lawsuit to arrive at one set amount. And the types of damages available also vary greatly.

For more information and advice on legal matters that affect your life and wellbeing, be sure to have a look through our Finance, Business, and Law section.

More articles about Finance, Business & Law
You'll find good info on many topics using our site search:

+ Hypnosis Will Help Solve Your Problems!