Here is What You Can Get As Compensation for an Auto Accident
You may be eligible for compensation for an auto accident such as lost wages, medical bills as well as other related expenses from either your insurance company or the other person’s, depending on who was to blame for the accident.
Getting compensation for an auto accident will mean being very specific about the details of the accident. Usually, insurance companies will look at three broad areas:
- The nature of the damage caused to property during the accident. When you file a claim for auto damage, this means the insurance company will only assess the damage caused to your car, which means auto repairs. If, however, the cost of repairs is greater than the value of your car, then the insurance company will mark your car a “total loss” and pay you for the loss of your vehicle. Unfortunately, the compensation you receive may not be enough to pay for a new car.
- Compensation for Auto Accident Injuries will be calculated separately from the vehicular damage compensation. So, you will receive compensation over and above what you receive for your damaged car. The amount of compensation you receive will depend on all medical bills incurred due to the accident, how much wage loss there was due to your injury and the type and severity of your injuries as documented by your medical reports.
- Compensation for Pain and Suffering Caused by the Auto Accident. Over and above the medical compensation as well as property damage compensation, you may also receive compensation for the pain and suffering your underwent. This is an amount that is strongly influenced by your medical reports; the more severe the injury, the greater the compensation (within limits).
To receive compensation for auto accidents, you need to complete your treatment and your doctor has to sign off that you are “permanent and stationary”. This means that you are completely healed and will require no further treatment.
If, in case, you need further treatment, then you doctor has to include an estimate of how much that continued treatment will cost when you file your claim for compensation for auto accidents.
Another thing you need to understand is that insurance claims will only cover as much as its policy limit allows. So, if total damages were about $50,000, but the insurance policy claim had a cap of $30,000, then you will only get $30,000 in compensation. Thus, if your costs are more than what the claim can pay out, then you need to hire a car accident lawyer to help you sue for further damages.
Understanding how compensation for auto accidents work can be a confusing process. If you’ve been injured in a car accident, you should check if you got fair compensation – check now.