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Car Accident Settlements: An Overview

If you’ve recently been involved in a car accident, you might be thinking of a lawsuit. If you aren’t, maybe you should be. As you know, accidents can be expensive. If you’re lucky, your primary concern will be the damages to your car. If you sustained injuries, medical expenses are likely to be costly. Or perhaps you were involved in a catastrophic accident, which has longstanding impacts on your ability work. If that’s the case, then the combination of lost wages and medical expenses can be devastating.

If you file a lawsuit, a settlement can help to offset these costs. Here’s an overview of car accident settlements.

Car Accident Settlements: An Overview

The combination of lost wages and medical expenses from a car accident can be devastating. Here’s an overview of car accident settlements.

Who’s at fault?

In the world of car accident lawsuits, you cannot overstate the significance of proving fault. This is the first major hurdle you have to overcome before you can win a settlement. Basically, there needs to be evidence that the accident was caused by the other driver—not you. You may be able to provide some of this evidence yourself, through photographs of the incident. It’s also a good idea to get the support of witnesses.

Most pertinently, the police report should contain enough information to indicate who is at fault. When they arrive at the scene, they should take detailed documentation that can be referenced in court.

What’s the settlement?

Just in case you’re not too familiar with legal lingo, let’s define what a settlement is. A settlement is so called because it ‘settles’ the lawsuit. Essentially, it is the agreement to give you, the injured party, payment. If you win the settlement, you should receive compensation for two forms of damage: economic or non-economic. Economic damages will cover the costs that we have already mentioned. Non-economic damages can include, for instance, the psychological pain caused by disfigurement or amputation. Generally speaking, non-economic damages are more difficult to quantify.

Both economic and non-economic damages tend to be more severe in the event of a catastrophic accident.

How are expenses calculated?

Calculating the actual dollar value of your settlement is the next step. This isn’t always easy. You will certainly want to hold on to any medical bills you’ve received due to your accident. Next, keep in mind that your salary as well as missed wages will be consulted in determining the value of your settlement. But, especially if you’ve endured a catastrophic accident, keep in mind that these expenses are likely to continue accruing over time. An expert can give testimony regarding your ability to return to work, expected medical expenses in the future, and intangibles such as psychological pain.

Contact The Snyder Law Group Today

The Snyder Law Group, LLC, proudly represents clients throughout Maryland and Washington, D.C. Our experienced Baltimore attorneys understand the frustration that comes with an insurance company, medical professional, or other party that refuses to accept liability for negligent or reckless behavior. You can take heart in knowing there are talented and experienced lawyers ready to work for you. We are experienced in handling personal injury claims of medical malpractice or injury resulting from serious car and truck accidents, and have secured hundreds of millions in verdicts settlements*. Please visit our website, www.410thefirm.com, for more information and follow us on FacebookTwitter, and LinkedIn.

Call 410-THE-FIRM. Don’t just sue them. SNYDER THEM.

Call 410-THE-FIRM. Don't just sue them. SNYDER THEM

This entry was posted on Thursday, October 8th, 2020 at 3:24 pm. Both comments and pings are currently closed.

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