You may be aware that you can claim compensation for the damages suffered in a crash caused by a negligent driver. But just how much are you entitled to in settlement?
Usually, the circumstances of each accident vary, and the amount you can claim from your car accident claim is not determinable without the relevant facts of the crash. Here is what you need to know.
Compensation is relative to your damages
The injuries you suffer from an accident will, to a large extent, determine the amount you can recover with your claim. Remember, compensation is not meant to enrich you. Instead, it is supposed to make you whole again.
For instance, you may have incurred medical bills and other associated expenses when getting treatment for your injuries or missed work when recovering. In such a case, you may be entitled to compensation for these and other economic losses arising from your injuries.
The long-term effects of your injuries are also considered when calculating your settlement. If you require post-treatment care or if your injuries affect your future earning capacity, you can claim compensation for that too.
Non-economic damages also count
Beyond the economic losses, the pain and suffering you endured alongside other non-economic damages are also compensable. Such damages include lower quality of life and emotional anguish.
Understand the value of your claim
Before filing a claim, it is crucial to have a clear picture of your damages and the compensation you can claim. Getting the settlement you deserve will help in the journey to recovery and ease the financial burden. Once you know what your claim’s worth, you will be better placed to reject lowball offers and protect your rights and interests after a crash.