How do I know what a fair amount of compensation is for my car accident?

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Question:

My car was struck by a driver who ran an intersection and caused me to lose control of the vehicle and to cross over the median into oncoming traffic.  I suffered serious injuries  How do I know what a fair amount of compensation is for my accident?

Answer:

There is no set formula for calculating the damages you can recover.  Some of the factors relied upon to determine a just and fair compensation are:

  1. The extent of the injuries and the medical care
  2. Absenteeism from work and loss of earnings
  3. Seriousness of the accident
  4. Fault in the accident
  5. Amount of insurance coverage available

Making injured accident victims and plaintiffs whole and putting them back in the same position they were before the crash may mean reimbursing them for any combination of the following:

  1. Vehicle and property damage
  2. Physical impairment and disfigurement
  3. Emotional and mental pain and anguish
  4. Physical pain
  5. Loss of earning capacity
  6. Lost wages
  7. Present medical expenses
  8. Future medical expenses
  9. Rehabilitative costs
  10. Auto expenses (auto storage, rental car, towing).

Obviously, there are a lot of possible damages for which you can demand money damages. Talk to a Car Accident Lawyer to find out exactly how much you can expect to get.

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