An automobile accident can be a traumatic experience, and dealing with the aftermath of a car accident, particularly when filing a claim, can be confusing and overwhelming. Your regular daily needs and monthly expenses do not stop because you sustained injuries in an accident. You might also incur additional costs, making it tempting to accept the first settlement offer you receive. However, many people are unaware that doing so could mean you inadvertently undervalue your case and accept a smaller settlement than you deserve. An experienced car accident lawyer can help you get the full compensation you're entitled to for your injuries and damages by maximizing your car accident claim. Even though no one can undo the emotional and physical damages caused by a car accident, taking the right steps can help you maximize your claim and obtain the compensation you deserve.
What factors are considered in determining the value of a car accident claim?After a car accident, there are three main factors that determine the value of a car accident claim. These factors include liability, damages, and insurance coverage:
- Liability: In an accident, liability indicates who is at fault. It is important to demonstrate the liability of the other party to strengthen your claim. In addition, this is why it is crucial to collect all evidence and witness statements from the accident scene. Collecting evidence also requires the acquisition of a police report. To maximize the value of your car accident claim, it is always advised to hire a qualified car accident attorney to help you gather and investigate all the evidence in a timely manner, as well as witness statements and a copy of the car accident.
- Damages: Generally, damages refer to any costs or expenses incurred because of the car accident or injuries sustained during the accident. As a result of the car accident, you may suffer damage to your vehicle and/or material losses, medical expenses, past or future wage loss, and painful rehabilitation. You may be entitled to fair compensation if you were forced to leave a high-paying job due to an accident, or if your injuries require long-term medical treatment or physical therapy.
- Insurance coverage: When you file a legal claim, you can only recover the maximum amount available to the insurance carriers representing the parties involved at the time of the accident.