The Worth of a Car Accident Claim
After a car crash, one of the first questions people ask is, “What is my claim worth?” The answer depends on several factors, including the severity of your injuries to negotiations. At Trident Law HQ, we help you understand the real value of your case and fight for every dollar you deserve.
Types of Damages in Car Accident Claims
Car accident settlements compensate you for both your financial losses and the personal toll after the crash. There are two possible losses when pursuing a car accident claim: economic and non-economic damages.
Economic Damages
Economic damages cover financial losses that can be measured. They are often calculated with receipts, bills, and other documentation. Common examples include:
- Medical Expenses: All costs for treatment post-accident, including hospital bills, doctor visits, medication costs, physical therapy, and more.
- Lost Wages: If your injuries make you miss work or reduce earnings, you can claim financial compensation for lost wages.
- Property Damage: Property damages typically include car repair or replacement costs, as well as personal assets.
- Out-of-Pocket Expenses: Any additional costs directly related to the accident, like transportation to medical appointments or accessibility modifications to your home.
Economic damages may be the foundation of your claim, but they do not represent the full story.
Non-Economic Damages
Non-economic damages are subjective and don’t always have a clear monetary value. They are the emotional, mental, and physical impact of the accident. These damages could include:
- Pain and Suffering: Compensation for physical pain and discomfort.
- Emotional Distress: Developing anxiety, depression, or PTSD post-accident.
- Loss of Consortium: Compensation for the accident’s impact on your relationship with your spouse or partner.
- Disfigurement or Permanent Disability: Additional compensation for long-lasting physical limitations or changes.
Non-economic damages represent the other half of the story. When calculated with the economic damages, the full value of your accident is revealed.
Calculating Car Accident Settlements
No two car accidents are the same, and neither are their outcomes. A fair settlement reflects more than the visible costs of your injuries. It also considers your long-term recovery and permanent impact on your daily life.
Your total settlement is typically dictated by the following factors:
- Injury severity
- Clarity of liability or fault
- Available insurance coverage
- Strength of medical and financial documentation
- Whether your case settles or goes to trial
At Trident Law HQ, we use a comprehensive approach when calculating a fair settlement. We review expert evaluations, financial records, and available evidence.
Consider Your Lawyer Fees
When seeking legal representation and calculating your settlement, you should understand how attorney fees work. Fortunately, our attorneys at Trident Law HQ operate on a client-friendly payment structure.
- Contingency Fee Basis: We work on a “no win, no fee” arrangement. This way, you only pay if your case is successful.
- Transparent Fee Structure: Our lawyers clearly outline our fee structures so you know exactly what to expect.
- Percentage-Based Fees: Attorneys typically receive a percentage of the settlement amount.
- Covering Case Expenses: Our lawyers will often advance costs associated with building your case.
- Aligned Interests: We are motivated to achieve the best possible outcome for you.
How to Maximize Your Settlement
Your total compensation depends on the strength of your claim. To maximize your compensation, you should take the following steps:
- Seek medical care immediately
- Document everything and keep detailed records
- Avoid speaking directly to insurers
- Hire an experienced car accident lawyer
At Trident Law HQ, we negotiate aggressively. We build evidence-backed claims to prevent insurers from minimizing your losses and discounting your story.
How to Choose the Best Car Accident Lawyer
Choosing the best lawyer makes all the difference in the outcome of your case. When reviewing candidates, you should look for:
- A proven record in car accident litigation
- Experienced in negotiating with large insurers
- Transparent communication with clear expectations
- Results that reflect skill and empathy
At Trident Law HQ, we’ve recovered over $2 billion for more than 250,000 clients nationwide. Our car accident lawyers combine experience, precision, and empathy to get results that rebuild lives.
If you were hurt in a car accident, don’t settle for less than you deserve. Contact us today for a free consultation.