While you can hold a negligent driver liable for the harm and losses suffered in a car crash, just how much compensation are you entitled to? In other words, what is the value of your claim? The answer to that depends on several variables and the unique circumstances of your case.
Generally, the compensation you can recover is relative to the damages you suffered, and the extent of your injuries is pivotal in assessing these damages. Minor injuries that require minimal medical treatment and have a shorter recovery period typically result in lower compensation. On the other hand, more severe injuries that lead to long-term or permanent damage tend to yield higher compensation.
Understand the recoverable damages
It also helps to understand the different types of damages you can recover. These include present and future medical bills, lost wages, loss of earning capacity, pain, suffering and emotional distress, among others.
In some cases, you can recover punitive damages. These are intended to punish the negligent party rather than compensate for your losses.
Get an informed assessment
Some legal technicalities can come into play when determining the amount you can recover with your claim. One is your level of fault or degree of contribution to the crash, which can diminish the potential compensation. Further, the limitations set by law on the compensation you can recover, otherwise known as damage caps, may apply to your case.
Seeking legal guidance can help you assess the value of your claim and navigate these and other legal complexities you may encounter in the claims process. Do not rush into accepting a quick settlement for your car accident claim, as it could leave you financially exposed if your injuries worsen.