There are a variety of factors that aid in the determination of compensation values in car accident cases. While these factors vary depending on the specific situation, there are two main factors that help calculate the amount of compensation a car accident victim will receive after their accident. If you or someone you know has been involved in a car accident, contact the law office of Jacoby & Meyers, LLP NY today. Our team of personal injury attorneys has the knowledge and experience to offer you fine legal representation.
The biggest determining factor in car accident compensation, is the strength of the case’s liability. In legal terms, liability is referred to as negligence. Negligence is carelessness, in this case of another driver. When any driver does not use reasonable care on the road, they are considered to be acting in negligence. Examples of this may include following another vehicle too closely, not obeying traffic signs or signals, talking on the phone or texting while driving and not seeing a vehicle that should have been seen. In order to recover damages in your car accident case, you must be able to prove that the other driver was negligent, leading to your accident and subsequently, your injury. The more evidence that you have supporting that the other driver is liable, the more strength your case will hold, leading to your compensation.
The other main determining factor in car accident settlement compensation, is the extent of your damages. In terms of damages, there are a few sub categories for calculating your settlement value. These are colossus and multiple of specials.
Colossus is computer software used by most insurance companies to determine a monetary amount for damages. This is an injury valuation software that is used nationwide to determine damage values. If you have never heard about colossus, it is advisable to discuss how it works with an insurance claims adjuster.
Multiple of specials is another way to determine settlement value. To use this method, you must add together the elements of medical bills, lost income and pain and suffering damages to determine the monetary value owed to you. Often times, an insurance company will try to challenge these amounts, claiming that some medical treatments were unnecessary or that pain and suffering amounts are unrealistic. To successfully prove that your amounts are legitimate, you will want to show as much physical evidence as possible. This will include photos, doctor’s notes, physical therapy scripts and any psychological evaluation paperwork.
If you or someone you know has been involved in a car accident, contact the law office of Jacoby & Meyers, LLP NY today. Our team of personal injury professionals has the knowledge and experience to help guide you along the path of settlement compensation, while fighting for the results you need and deserve. Call us today at (877) 504-5562. You may also email us at [email protected] with any questions.