Best Way to Calculate Auto Accident Compensation

If someone else causes an auto accident, you can seek compensation from their auto insurance coverage. You want to ensure an insurance settlement is fair, but how much compensation should you seek? Calculating auto accident compensation can be a complex process that requires a thorough understanding of the various factors involved. 

Determining the value of these damages requires knowledge of the applicable laws, regulations, and insurance policies, as well as the ability to gather and present compelling evidence. If you or a loved one have been in an auto accident and need to seek compensation, contact our Montgomery car accident attorney at Luck Law LLC for the assistance you need.

Calculating Your Damages

Your first step towards seeking compensation is to calculate your damages. This includes both economic and non-economic damages. Economic damages are the financial losses you have suffered as a result of the accident, while non-economic damages refer to the pain and suffering you have experienced.

Medical Expenses

One of the key factors in calculating your damages is your medical expenses. This includes the cost of immediate medical treatment, ongoing medical care, rehabilitation, and any future medical expenses for ongoing care you might need beyond your settlement.

Lost Income

If your accident has resulted in you being unable to work, you can seek compensation for lost income. This can include both the wages you have already lost and any future loss of earning capacity if you cannot return to work.

Non-Economic Damages

Non-economic damages are intangible losses you have experienced as a result of your injuries, such as pain and suffering, emotional distress, and loss of enjoyment of life. These damages are more difficult to calculate, as they do not have a specific dollar value attached to them. However, an experienced auto accident attorney can help you determine an appropriate amount based on their experience.

Other Considerations for Car Accident Compensation

In addition to the specific damages mentioned above, there are several other factors that can impact the calculation of your car accident compensation.

Severity of Injuries

The severity of your injuries will play a significant role in the value of your claim. More severe injuries generally result in higher settlement, as they often require more extensive medical treatment and have a lasting impact on your quality of life.

Liability and Contributory Negligence

Determining liability in a car accident is necessary for seeking compensation in Alabama. If the accident was primarily caused by the negligence of another party, you may be entitled to full compensation. However, if you are found to be partially at fault for the accident, you might not recover at all in Alabama due to the defense of contributory negligence.

Available Insurance Coverage

The insurance coverage available in your case will also affect your compensation. This includes the insurance coverage of negligent drivers, potential commercial policies of vicariously liable employers, and more. 

Allow an Alabama Car Accident Lawyer to Seek Full Compensation for You

When calculating auto accident compensation, it is essential to have the guidance and representation of a skilled Alabama car accident attorney. Luck Law LLC specializes in personal injury cases and has a team of experienced attorneys who can fight for your rights and ensure that you receive the full compensation you deserve.

If you or a loved one have been involved in an auto accident in Alabama, contact Luck Law LLC today for a free consultation.