Types of Compensation You May Receive After a Car Accident

Posted on February 11, 2020 in Personal Injury Lawyers

If you were recently in a car accident and sustained injuries, you are most likely dealing with possible injuries, as well as the emotional stress of the event. On top of dealing with the physical and emotional tolls of a car accident, you have to worry about how you’re going to pay for your medical bills, car repairs, and more. Money doesn’t erase the pain and loss that comes from a traumatic car accident, but compensation can give you the resources you need to recover after this stressful time. 

Types of Compensation After a Car Accident

In personal injury cases, a victim in a lawsuit is often awarded compensatory damages, which are damages intended to compensate a victim for the losses sustained in an accident. There are two types of compensatory damages that you can pursue after a car accident: economic and non-economic. 

Economic Damages

You can receive economic damages for any monetary losses that you suffered as a result of your car accident. These losses can include medical bills, vehicle damage, lost wages, and other out-of-pocket expenses. 

Non-Economic Damages

Non-economic damages, on the other hand, are intended to compensate you for pain and suffering that you sustained from an accident. These compensate for any emotional impact that your accident or injuries have had on your life. This can include PTSD, anxiety, depression, or any other emotional distresses. 

Because grief has no price tag, it can be difficult to calculate non-economic damages. But these kinds of damages are some of the most substantial and lasting impacts after a traumatic car accident. 

Does Insurance Cover the Cost of Damages? 

Depending on the severity of your sustained injuries, medical bills can sometimes reach tens of thousands of dollars. The truth is, your insurance company won’t always cover your expenses. If you’re left unable to work after an accident, you might not have a way to pay for your medical bills. Being in a car accident is taxing and expensive, and insurance companies aren’t always on your side. Filing a car accident claim can help you get back money that you lost. 

How Do I Know How Much My Claim Is Worth?

Alabama is a “fault” state, which means fault will affect how much compensation is paid. This also means the amount of insurance coverage that the defendant has can affect your claim. However, the value of your claim depends on your case. Since every client and claim varies, it’s hard to pinpoint exactly what each claim is worth upfront. 

Even though every case is different, we can help you calculate how much you should demand from the insurance company based on injuries sustained, and the impact your injuries have had on your life.

Why Should You Hire an Attorney?

Hiring an attorney after a car accident is one of the best investments you can make going forward. Yet many people refrain from hiring an attorney because they don’t want to spend more money. Most people don’t know the true value of their claim, and end up losing out on compensation they deserve. 

Hiring the right attorney for your case can give you the representation you need, so that insurance companies cannot take advantage of you. 

If you were injured in a car accident due to the negligence of another person, you need a lawyer to represent your case. We offer a complimentary legal consultation in which we’ll provide you with honest answers to your accident-related questions. We’re with you each step of the way. 

Contact Wettermark Keith for more information.