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What Is My Car Accident Claim Worth?

We know that there are many questions and concerns you may have following a car accident, especially when you need financial compensation for your damages. As such, you may be wondering how much you may recover for the damages you sustain after a car accident.

You may factor in multiple losses as part of your claim and knowing exactly what comes into play can help determine the amounts you may recover for economic and non-economic damages. Below, we’ll explain four of the factors that can change how much you may recover.

Medical Expenses

How much you pay in medical expenses can factor into your recovery. It’s easy to determine your losses in these cases because you have an exact amount you spent for medical expenses. There’s a monetary loss and your compensation can equal what you lost financially.

Property Damage

If you’re in a car accident, you will most likely experience damage to your vehicle. In some cases, your damages can either require repairs or replacement. Make sure you get receipts to include in your pursuit for compensation.

Lost Income

If your injury keeps you out of work, you can include your lost income as part of your economic damages. You have a direct value associated with your lost income, so you can prove exactly how much you should recover for these losses.

Pain and Suffering

Pain and suffering are non-economic damages that can complicate your case a bit. There’s no exact value to show how much you lost, so it’s best to work with a lawyer who can explain your mental trauma and emotional damages to pursue your compensation.

Fact: You Won't Know Your Case's Value Until You Finish Receiving Medical Treatment

From a legal standpoint, no knowledgeable and experienced attorney is going to tell you what your legal case is worth right from the start.

“Anybody who tells you a number on what your car accident case is worth is lying – we don’t have any idea,” says Seth Thompson, Partner at ‘Maggio | Thompson, LLP. “You have to wait until the injured person finishes medical treatment in order to see where their medical bills are currently, as well as what type of treatment will be needed in the future.”

We advise clients all the time to not rush the process. Be patient. Once you settle, the deal is done, and if any other injuries or complications arise, there’s no turning back. Ultimately, it comes down to working with a team you trust. A team that’s handled these types of personal injury cases time-and-time again and knows exactly what they’re doing and precisely how to get you the money you’re entitled to.

When it comes to taking on insurance companies and pursuing the compensation and justice you deserve, our Jackson, Mississippi car accident lawyers are here for you. We at ‘Maggio | Thompson, LLP have significant experience providing top-of-the-line legal representation to get you the most out of your case. Trust that we’ll be by your side every step of the way.

Call our firm at (601) 265-6869 today.