How Much is my Car Accident Claim Worth? - Sand Law North Dakota
Menu Call Now

How Much is my Car Accident Claim Worth?

29th October 2020 | BIll Sand

How Much is my Car Accident Claim Worth - Sand Law PLLC - North Dakota Car Accident Personal Injury Attorney

Anyone involved in a car accident knows that with injuries comes bills. What can you do about it?

After you get into a car accident, an early concern might be finances. How are you going to pay back your medical debt? What are you going to do about the wages you lose while you are receiving treatment and recovering from your injuries? What if your car was damaged beyond what your insurance covered? There may be many questions like this floating around in your head. And it’s normal to be stressed after an accident occurs. Many people go through this every day, and an experienced attorney can help relieve you of that stress. The claim process can be stressful, but we’re here to help.

According to Driver Knowledge, on average three million people are injured in car accidents in the United States each year. Two million of those people are left with permanent injuries because of car accidents.

The top causes of car accidents include distracted driving, drunk driving, speeding, reckless driving, not adapting to poor weather conditions, running a red light, inexperienced driving, and aggressive driving. The cause of your car accident plays a role in your claim’s worth, as the cause can often affect how bad your injuries are as well as how much your total damages amount to.

How is the Value of my Car Accident Claim Calculated?

Your car accident value is based on a variety of different factors. However, it can generally be calculated based on the total amount of your damages. This means the combined economic and non-economic damages.

Economic damages refer to any damages that have a monetary value associated with them. Economic damages commonly include medical bills, such as hospital visits, ambulance rides, surgery costs, therapy costs, and more, as well as compensation for any lost wages both past and future.

Non-economic damages are harder to determine and are more flexible. Non-economic damages are calculated based on a variety of factors, but are often determined based on how much your life has changed because of the accident. These damages include compensation for pain and suffering, loss of consortium, loss of earning capacity, and any compensation for permanent injury or disability.

What Factors Affect my Car Accident Claim?

As previously stated, your car accident claim is determined by a variety of different factors, including:

  • how your accident was caused
  • if the at-fault party was acting with extreme negligence
  • how severe your injuries are because of the accident
  • how much your life has changed

There is no exact formula for calculating the exact value of your claim because every case is so different. An experienced attorney will be able to help you figure out exactly how much to expect.

Severity of Your Injuries

The severity of your injuries plays a huge role in determining how much your case is worth. For example, the more severe your injuries, the higher your medical bills are likely to be. And the more you’re likely to have suffered because of those injuries. An injury like a traumatic brain injury or spinal cord injury can have a much greater effect on one’s life opposed to a broken bone or an injury that has a fast recovery time.

Serious traumatic brain injuries can cause a person to fall into a coma or experience permanent brain damage, like the inability to remember things or perform certain tasks regularly. These changes in one’s life can have a huge impact on their happiness. Because of this, these victims are awarded higher compensation for pain and suffering damages, making their case value much higher.

Difference in the Quality of Your Life

When determining exactly how much a person will get from non-economic damages like pain and suffering, it’s important to look at how much the person’s life has changed before and after the accident. If one person lived a rather sedentary life and experienced injuries that they will fully recover from their case might not be worth as much as someone who lived an active lifestyle and now has a permanent injury or disability.

Other factors to take into consideration are the person’s potential to return to work. If you’ve been so severely injured that you can no longer perform your job, your case will be more valuable. If your injuries caused you to lose an important person in your life like a spouse or long term partner, you may be able to file a wrongful death claim.

Liability and Negligence

Liability and negligence go hand in hand, and both play an important part in determining your case’s value. If you were partially negligent in causing your accident, your case may be worth less than it would be if you weren’t at-fault at all. If the person who was at-fault was acting with gross negligence, your claim may be worth more.

Trial Value vs. Settlement Value

Your claim has a different value depending on whether or not you settle your case or take it to court. The trial value is the full value of your case, the total of your damages. Your settlement value is often lower and is affected by the chance you have at winning your case if it were to go to trial. If you have a high chance of winning your case, your settlement value is higher. If you have a low chance of winning your case, your settlement value is lower.

Contact an Experienced North Dakota Car Accident Attorney

If you or someone you love has been injured in a car accident in North Dakota, please contact our experienced attorneys for help. We’re ready and willing to help you get the compensation that you deserve. We’ll help to take the stress off of your plate while you’re focusing on recovering from your injuries. Our years of experience can help you get the high settlement or trial win that you deserve. For more information, contact us online, using our chat option, or by calling us at 701-609-1510.

%d bloggers like this: