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How Is a Car Accident Settlement Calculated?

How Is a Car Accident Settlement Calculated?

If you were injured in a car accident caused by a negligent driver, you are entitled to seek compensation for your loss. If the insurance company is offering you an unfair amount, you might want to calculate your compensation estimate. An experienced attorney can guide you through the process and create an accurate estimate of how much you should be receiving after suffering car accident injuries. Our Houston car accident lawyers explain how a car accident settlement is calculated.

Information Needed to Make a Compensation Estimate

The compensation you are entitled to should be a sum of the past and future expenses related to your injuries and repairs. For example, an attorney will calculate the value of damage to your car, medical bills, and related expenses. They will also calculate how much lost wages you've accumulated after the accident. The compensation may vary depending on your unique situation. For example, an athlete who received an amputation may receive greater compensation because their career and earning capacity was severely affected.

Following an accident, the liable party's insurance company is required to pay the following costs:

  • Medical bills and related expenses
  • Lost wages from work and other lost income
  • Pain and physical suffering
  • Permanent physical disability or disfigurement
  • Emotional damages stemming from the above costs

Experienced Houston Car Accident Attorneys

Calculating the compensation or settlement a person should receive after a car accident can be complicated. There are many factors to consider ensuring that a person receives a fair amount for their injuries and related expenses. If you've been injured in a car accident and you have suffered serious injuries. It is vital that you contact our Houston car accident lawyers today.

We are dedicated to helping victims of preventable auto accidents get the financial compensation they require for medical bills, lost wages, emotional damages, and more. If you are searching for skilled legal guidance in Houston, our law firm is the place to turn.

Call our Houston car accident lawyers today at (888) 273-1045 to schedule a free consultation!