Show Me The Money: Factors That Determine Your Car Accident Settlement

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When you are recovering from injuries you have sustained in a car accident, you might begin to wonder what type of settlement you could receive. While each case is different, there are a number of factors that are taken into consideration to determine the amount of money you are awarded if you win your case. From the seriousness of your injuries to the length of time you spend out of work, calculating your compensation takes time. Proving the extent of your injuries and showing all of your financial losses is essential and will help the judge determine the amount of money that you are entitled to.

Pecuniary Losses and Your Compensation

When you win a personal injury lawsuit, you will be compensated for your pecuniary losses. This means that any medical bills you have because of your injuries, lost wages, and other measurable losses will all be paid for. For example, if your car was damaged because of the accident, you will be compensated for money that you had to spend to repair or replace your vehicle.

The Extent of Your Disability Matters

If you were out of work for a month and you are now physically the same as you were before the accident, you are not disabled. On the other hand, if you lost a limb in the accident and you can no longer work, you are considered 100% disabled. The more serious your injuries are, the higher you will be compensated in your final award. Once you have reached a medical end to treatment, your providers will be able to determine the percentage of your disability.

Pain and Suffering Are Also Calculated

When you've been hurt because of the negligence of another person, your pain and suffering is calculated into your financial award. While it's difficult to prove pain and suffering, there are standards followed to give you the money you deserve. For example, a sprained back that leaves you out of work for a week does not cause the same pain and suffering as a badly broken leg that requires three surgeries. 

When the Injuries Were on Purpose

There are times when the person at fault for your injuries caused your injuries on purpose. The judge can add an amount to your final award to help curb the behavior of the individual. While this amount can vary, if you were hurt on purpose, this can make your final award rise.