WHAT IS THE VALUE OF YOUR AUTOMOBILE ACCIDENT CLAIM?
Before attempting to evaluate the value of your claim, a threshold question must be answered: “Were your injuries caused by the carelessness of another driver, or did your conduct cause or contribute to your injuries?” Should it be clear that the actions of the other driver were the sole cause of your injuries, then it is appropriate to evaluate your claim for the purpose of settlement when you have reached “maximum medical improvement”.
Not surprisingly, being involved in a serious auto accident can lead to significant physical, emotional, and economic losses stemming from the damage to or destruction of your automobile, a mountain of medical bills, wage loss resulting from your inability to work, and loss of enjoyment of life resulting from painful injuries.
The following is a brief description of some of the factors that can play a role in determining the value of your auto accident injury claim:
- Extent of your injuries – Generally speaking, the more severe your injuries are, the higher your medical charges will be. Such charges include but not limited to medical transportation, hospitalization, treatment, rehabilitation, and medication.
- Property damage – A car is a personal asset with significant value. Should it damaged or destroyed in a crash, its repair or replacement may be calculated and included in determining the value of your claim.
- Income loss – If you are either temporarily or permanently unable to return to work, you will undoubtedly experience a loss of income. Loss of income, both present and future, can be an important factor in the valuation of your claim for settlement purposes.
- Pain and suffering – Unlike the above factors, which are capable of being quantified, pain and suffering are a bit more nebulous in nature. While no two claims are exactly the same, they often share similarities and with the assistance of an experienced personal injury lawyer, a fair settlement range for claims involving pain and suffering, which encompasses the inability to lead a normal life, may be determined.
This information is provided courtesy of Stark Injury Law, with offices located in Wesley Chapel and Tampa. The firm’s principal, George M. Stark, works with his clients hand-in-hand to determine how the automobile accident has affected their lives and the value of their claim. This close working relationship has been utilized in achieving thousands of settlements ranging from $10,000.00 to over $1million.
Contact Stark Injury Law to schedule a complimentary consultation regarding a potential auto accident injury claim. We handle auto accidents, motorcycle accidents, truck and bus accidents, pedestrian accidents, as well as claims pertaining to slips-and-falls, defective products, wrongful death, and medical malpractice.