How Much Is My Car Accident Claim Worth?

How Much Is My Car Accident Claim Worth?

Determining the Value of Your Accident Claim

If you were involved in a car accident, you may be wondering how much your claim is worth. In any case, the answer comes down to damages—which may include the cost of your property damage, medical treatment, lost wages, and even emotional distress. Although there is no way to know just how much your claim is worth until it has been resolved, either through settlement or verdict, there are ways to determine the approximate value of your case by examining a few important factors.

#1: Property Damage

When your car is damaged in an accident, the insurance company will typically pay to have it repaired. If your car was “totaled” in the accident, meaning it is considered to be a complete loss, the insurance company should pay the actual cash value—which is what it would cost to replace your car with a vehicle of similar type and quality. Furthermore, if other valuable items were damaged in the crash, such as a computer or bicycle, you can seek reimbursement for the fair market value of that property.

#2: Medical Treatment

If you suffered injuries from a car accident, you are entitled to seek compensation for the cost of your medical treatment. Depending on the extent of your injuries, this may include:

  • Your entire hospital stay
  • Emergency transportation
  • Doctor appointments
  • Chiropractor visits
  • Ongoing physical therapy
  • Medical devices (i.e. braces)

If your injuries require ongoing medical care, such as additional surgeries or physical therapy, you can also seek compensation for the estimated cost of any medical expenses you will incur in the future.

#3: Loss of Income

After a serious auto accident, it is likely that you will need to spend time away from work. Typically, this will result in a temporary loss of income. Or, if your injuries are permanent in nature, you may never be able to work again. When filing a personal injury claim, you are entitled to seek damages for both your past and expected loss of income. If your injuries have prevented you from ever returning to work in the same capacity, you can also seek compensation for diminished earning capacity in your claim.

#4: Pain and Suffering

In many cases, motor vehicle accidents lead to more than just financial losses – emotional distress can also be a serious consequence. If you were injured in the crash, you may be experiencing a great deal of pain and suffering. When you file a personal injury claim in Los Angeles, CA, you are entitled to seek compensation for non-economic damages like pain and suffering and emotional distress. However, this can be difficult to prove without the help of an experienced car accident attorney.

Contact the Los Angeles car accident lawyers at Biren Law Group for help with your accident claim. You don’t pay unless we win your case! Get started with a no-risk consultation.

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