What You Get From an Auto Accident Settlement

The amount you are awarded for a car accident settlement depends on the severity of your injuries. Medical bills are higher for more serious injuries.

Documenting your losses will increase your settlement. Lawyers can help you create a list of damages including doctors' notes, wage records, and eyewitness testimonies.

Medical bills

Medical expenses are usually the first thing people think about when injured in a car crash. In most personal injury cases, the law covers these expenses. However, it can take months or even years before the responsible driver is held responsible by an order of the court or a settlement agreement. In the meantime, victims accrue medical bills that must be paid.

Car accident injuries typically require substantial medical treatment like surgery or physical therapy. Medical bills can be very expensive. It is crucial for victims to understand that they should not be required to bear the financial burden of paying their own medical expenses following a crash, and that the at-fault driver is accountable to pay them as part of their accident settlement.

In some cases the at-fault party can pay the victim's medical bills directly. In some instances the victim's health insurance policy or med-pay plan will pay for these costs as they become. These costs can be covered by rolling claims depending on the insurance coverage of the victim and situation.

In some instances the hospital or health insurance provider may place a lien on a portion of the victim's eventual settlement. Fortunately, a qualified attorney will assist in negotiating these liens in order to increase the amount of money in the victim's pocket.

Lost wages

A car accident can be devastating to your financial situation. In addition to medical expenses and property damage, you could be required to cover the cost of lost wages because of your injuries. New York law requires that your car insurance policy compensate you for income loss up to a certain amount. Your lawyer will work to obtain the maximum amount you are entitled to for your lost wages.

The most popular method to prove the loss of earnings is to submit paychecks or other forms of wage documentation. If you were self-employed or on commission, the other relevant documents include profit-and-loss statements invoices, receipts, bank statements, as well as finance-related correspondence. Correspondence from your employer which confirms the number of days/hours you were off work due to the injuries you sustained is also important.

If you are suffering from a permanent injury which reduces or hinders your earning potential the income you desire, your lawyer will seek out an economist or financial professional to determine your earning potential. In this case the expert will look at your age, education and education, credentials, career path, and tasks you are no longer able to perform.

Our Syracuse car accident lawyers frequently represent clients who were severely injured in accidents and are not able to work. They are not just entitled to a no-fault loss of wages, but they may also be able to obtain additional compensation from the at-fault motorist's or car owner's insurance.
A car crash is an experience that is traumatic and can drastically alter your life. The amount of a settlement won't erase these losses but it can assist victims to overcome their financial burdens and return to normal.

An experienced car accident lawyer will know how to assess your situation and fight for the highest possible settlement. Although it could be tempting to settle for a lesser amount than you are entitled to this could affect your future recovery. Once you sign a settlement agreement, it is understood that you have given up the right to file any additional claims or sue in court for any additional losses related to the accident.