The Basics of Car Accident Settlements

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.

Dear friends and clients,

In furtherance of our firms culture of commitment to always act with compassion, concern and commitment to our clients, community and colleagues, we have been taking precautions to ensure that we are still fulfilling our ethical and moral obligations while prioritizing health, wellness and safety of all we can. 

As you know, the COVID-19 pandemic has introduced changes to many lives and businesses in our communities, and around the world. We, much like our neighbors and friends, have been taking precautions to ensure that we are still fulfilling our ethical and moral obligation to our clients, while also prioritizing the health, wellness and safety of our employees.

Until further notice, our offices will be closed to the public to encourage social distancing and to help prevent the spread of COVID-19. Our team is still hard at work, many from home, and you may still call, email, live chat or video conference us if you or a loved one is seeking legal assistance. As the first law firm to offer our clients secure online access to their case file more than a decade ago, we have always been believers in using technology to make life easier and information more accessible. In these present times it has been a smooth transition for us to continue to offer our clients the same seamless and thorough service that you deserve and are accustomed to.

This pandemic is unlike anything any of us have faced in our lifetimes, and while we can continue to emotionally support one another through it all, staying home and keeping your distance is vital to the health and wellness of our communities. It does not feel good to break routines, cancel events and retreat from our normal, day-to-day socializing, but let us remember that, in times of strife, prior generations were asked to go to war and we are simply being asked to stay home. Your isolation equals more lives saved, and more time for medical providers to prepare for the treatment of patients battling COVID-19.

When the dust settles, we will join together with a greater appreciation for our lives, local businesses, loved ones and health. Until then, we will continue to offer guidance from a safe distance.

Very truly yours,

Andrew G. Finkelstein and the staff of Jacoby & Meyers, LLP