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How Much Is Your Auto Accident Compensation Worth? Damages caused by car accidents are aimed to compensate victims for their losses. Some of the damages include property damage, medical bills and the pain and suffering. In New York, you have up three years to file legal action following a crash, however not acting quickly can hurt your case. Evidence can be lost over time or destroyed. Witnesses may forget important details. Damages In the event of a car crash victims could be awarded compensation for the economic loss they suffered including medical expenses and lost wages. In addition, they can be awarded compensation for non-economic damages like suffering and pain. The amount of compensation you will receive is contingent on how serious your injuries are and the impact they have on your life. A skilled attorney in auto accidents can assist you in determining the worth of your injuries and property damage, and negotiate with the insurance company for a fair settlement. However, remember that insurance companies are in business to earn a profit. They will do everything they can to resolve your claim as cheaply as possible. You require an attorney who will fight for you to get the most money you're entitled to. You may also be eligible for compensation if you have personal items damaged in the accident. These include your clothes, shoes and jewelry. You can also receive compensation for the costs of household chores, gardening or childcare, if are unable to do these tasks due to your injuries. Your deductible can also be a part of the equation when determining how the value of your claim is. You will have to pay your deductible before the insurance company begins to pay for the damages. You may then sue the person responsible for any remaining damages. Medical bills The medical expenses that result from a car crash can quickly grow. The cost for an ambulance ride, hospital stay and inpatient treatment could be tens of thousands of dollars or more. The cost of prescription medications physical therapy, prescription drugs, and other therapies can rise as the victim recovers. The at-fault driver is responsible for the cost of a victim's loss, including medical expenses, in the event that they are found to be responsible in a lawsuit. However the law doesn't normally require the at-fault party to pay their medical bills of their victim on an ongoing basis. If you are not in a state that is no-fault the first step for receiving reimbursement for medical expenses is to apply for PIP coverage (personal injury protection). Depending on your policy limits, this coverage could cover most or all of your medical expenses. You must also make a claim with the at-fault driver's car insurance for any liability coverage they have and also the uninsured motorist protection on your personal car policy. These insurance policies may reimburse your medical expenses but they typically come with deductibles as well as other terms that you must adhere to. A lawyer with experience will assist you through the process of obtaining reimbursement for medical expenses. This will help you avoid having to spend your income on medical expenses, and it will allow you to concentrate on your recovery. Loss of wages Accidents involving vehicles could cause you to miss work. auto accident law firm thousand oaks can result in you being without income and struggling to pay your bills. You may have to borrow money from family or friends. It could take a long time to reach a settlement in your case. In this time, you'll have to pay for your expenses yourself and wait for the settlement. You may be able to recover lost wages if you have been injured in a car crash. This can include salary as well as hourly wages, but it can also include other financial benefits such as raises and bonuses. An attorney can help calculate your actual loss of earnings. You can submit a claim for lost wages with a no-fault insurance company, or even a lawsuit against the at-fault party. The claim usually includes your medical bills, proof of missed work due your injuries, and the evidence of your loss of earnings capacity. This is sometimes referred to as the demand package. You'll be required to submit a written statement from your employer which confirms the specifics of your employment, including the days that you were absent because of your injury, as well as the hours you usually work. You'll also have to submit your paystubs and tax documents. Your attorney can help you to gather these documents and make an appealing demand package to present to the insurance company or the judge in your case. Pain and suffering Certain costs associated with accidents can be calculated right down to the penny for example, medical bills, emergency services and surgeries, medication, lost wages, etc. But others aren't. These unquantifiable losses are referred to as pain and suffering, and are a crucial component of a compensation claim. The term “pain and suffering” encompasses both the physical and emotional consequences of an accident. A victim's injuries may have a lasting impact on their lives, leading to permanent impairment or even death. A victim with a debilitating head injury, for instance might never be functional or work normally. These kinds of injuries usually merit a large settlement. In most cases, how much pain and suffering an injured victim experiences is determined by the severity of the injury and the impact it has affected their lives. An experienced attorney will investigate the specifics of your case to determine the most appropriate settlement. They will utilize previous settlement amounts for similar injuries as a guide to give you an idea of the amount your case is worth. Insurance companies try to discredit the claims of victims for suffering and pain, by claiming that their injuries are not sufficient. An experienced lawyer can stand up to such tactics and negotiate on behalf of you with the insurance company to ensure that you get an honest settlement.