How Is a Car Accident Settlement Calculated?

You are entitled to receive compensation if you are injured in an auto accident caused by a negligent driver. The insurance company might offer you a low and unfair amount to settle the claim. However, there are a lot of factors you might not consider if you file the claim on your own. An experienced attorney can guide you through the legal process and accurately estimate how much you should receive on your settlement. 

Making a Compensation Estimate

The settlement you receive should include all past and future expenses related to the accident. For example, an attorney will assess the value of damage to your car, medical bills, and associated costs. The attorney will also calculate the wages you’ve lost after the accident. The amount of compensation will vary depending on your specific circumstances. 

After an accident, the insurance company is required to pay the following expenses:

  • Current and future medical bills and related expenses.
  • Lost wages from work and other lost income.
  • Pain and suffering (physical and emotional).
  • Permanent physical disability.
  • Emotional damages.
  • Also, the cost of repairing or replacing your vehicle. 

Experienced Car Accident Attorneys

Calculating a fair settlement and compensation can be complicated if you are doing it alone. Also, there are numerous factors to consider, and every situation is different. In any event, if you have been injured in an accident, it is vital to contact an attorney right away. 

Schedule a Free Consultation with a Personal Injury Attorney today. Call (281) 475-4535 

When you hire an attorney, their team will work vigorously to negotiate with the insurance companies to get you additional compensation for:

  • Future medical costs.
  • Lost wages from work.
  • Pain and suffering.
  • Vehicle repair costs.
  • And much more.

It is imperative to contact an attorney before calling the insurance company. If you or a loved one has been in an accident, make sure to contact a trusted and experienced attorney. Our network of attorneys have years of experience dealing with accidents and personal injuries. Furthermore, they will negotiate with insurance companies to get you the medical help you need, cover expenses of your damaged vehicle, and get you the compensation you deserve. CALL US ANYTIME (281) 475-4535 or instead fill out a consultation form here to start the process.