Understanding the value of an auto accident claim is crucial for victims seeking compensation for their injuries. Our Kennesaw car accident attorneys know that several factors can influence the value of a claim, and understanding these can help you navigate the legal landscape and obtain the most amount of damages for your injuries and losses.
Severity of Injuries Determines the Value of the Claim
The extent of your injuries plays a significant role in determining the value of your claim. Minor injuries with minimal medical expenses will likely result in a lower settlement than severe, long-term injuries requiring extensive treatment and rehabilitation.
The severity of injuries is often determined by the type of injury, the length of time it takes to recover, and the impact the injury has on your daily life. For instance, a traumatic brain injury or spinal cord injury that results in permanent disability will significantly increase the value of your claim.
Medical Expenses Will Add to the Damages You Receive
Documented medical bills, including hospital stays, doctor visits, medication costs, and physical therapy, are tangible evidence of your economic damages. The amount of medical expenses you have incurred as a result of the car accident will also play a significant role in determining the value of your claim.
It’s important to keep all receipts and records of your medical expenses to provide a clear and accurate picture of your financial losses.
You May File a Claim for Loss of Income or Earning Capacity
If the car accident has caused you to miss work or has affected your ability to earn a living, you may be entitled to compensation for your loss of income. This includes both the wages you have already lost and the potential future earning capacity that has been impacted by the accident. To calculate this, you’ll need to consider your current salary, the amount of work you’ve missed, and the impact the injury has had on your ability to perform your job.
It is important to note that claiming for loss of income must be done within two years from the date of the accident having occurred. If you miss this deadline you may be barred from claiming these damages.
Property Damage Sustained Will Affect the Claims Value
The extent of the damage to your vehicle and any other property involved in the accident will also be a factor in calculating the value of your claim. If your vehicle has been severely damaged or deemed a total loss, the compensation amount will likely be higher. The cost of repairs or the fair market value of your vehicle before the accident will be considered in this calculation.
What Is Contributory Negligence?
In Georgia, the concept of contributory negligence comes into play when determining the value of a car accident claim. If it is determined that you share some level of fault for the accident, it can affect the amount of compensation you receive.
Georgia follows a modified comparative negligence rule, which means that if you are found to be partially at fault for the accident, your compensation will be reduced by your percentage of fault.
Insurance Coverage May Limit the Damages
The insurance coverage available to you and the other party involved in the accident will also impact the value of your claim. If the at-fault party has sufficient insurance coverage, it may increase the likelihood of obtaining a higher settlement. However, if the at-fault party is uninsured or underinsured, it may limit the amount of compensation you can recover.
Evidence and Documentation Will Form A Basis For Your Case
The strength of your evidence and the thoroughness of your documentation can also significantly impact the value of your claim. This includes police reports, medical records, photographs of the accident scene, and witness testimonies. The more evidence you have to support your claim, the stronger your case will be.
Having a Kennesaw Car Crash Lawyer Will Influence Your Auto Accident Claim
Having a skilled attorney can significantly influence the outcome of your auto accident claim. An experienced attorney can help you navigate the complex legal process, gather necessary evidence, and negotiate with insurance companies to ensure you receive the compensation you deserve.
It’s always recommended to consult with a professional Kennesaw car crash attorney at The Weinstein Law Firm to guide you through this process and ensure you receive the compensation you deserve. Contact us at 770-HELP-NOW for a free consultation.
