Part of filing an auto insurance claim is negotiating your settlement with the insurance company. It can be difficult to figure out if the offer the insurer has made to you is fair. You must first calculate all of your car accident damages to come up with a settlement amount that you believe adequately pays for your losses.
Calculating Your Auto Injury Claim
How do you go about calculating your damages?
First, you must add up all your financial losses. Financial losses are all the ways your auto wreck has impacted you financially.
For example, medical bills are a financial loss. You must pay for your medical treatment related to the accident, and so the settlement you receive should cover these expenses.
Other financial losses that are common in vehicle crash cases are lost work wages, costs of physical therapy, property damage, costs of mental health treatment, transportation expenses, and the costs of household services.
You can also add in any future losses that you reasonably expect this accident will cause you. For example, future medical bills related to your injury and permanent wage loss could be added to your claim.
Once you have figured out all of your financial losses, you must then determine a value for your nonfinancial losses. Your pain, suffering, mental and emotional trauma, scarring and disfigurement, permanent disability, and loss of your life enjoyment are examples of nonfinancial losses.
These are more difficult to determine a value for, because there is no monetary loss. The effect on your life can sometimes be far greater, though.
Do You Have Enough Evidence to Prove Your Case?
After calculating your settlement amount, you must provide the insurer with evidence of your losses. Hopefully, once the insurer receives all the evidence of your losses, you will receive an offer that equals the value you’ve come up with. If the offer the insurer makes to you is less than the amount you’ve requested, it might not be a fair amount.
Sometimes an insurance company will try to deny part of your claim, alleging your calculations are off or that you’ve requested an unreasonable amount for your pain and suffering. It’s up to you to decide whether the offer they are making is fair. If you don’t agree with the offer, you shouldn’t be afraid to take your case to court.
You deserve to receive full and fair payment for a crash that someone else caused. You’ve suffered greatly due to this accident, and you should be compensated for it. Keep in mind that you don’t have to handle this injury claim on your own.
Get Help from a Car Accident Attorney
A car crash attorney can help you. Your attorney can assist you with calculating your claim, with negotiating fair compensation from the insurance company, and with taking your case to court, should the insurer refuse to pay you fairly.
Receive a free case assessment from Bohn & Fletcher, LLP and discover the true value of your auto wreck claim. Call 408-279-4222 or complete the form below to reach us.