How much compensation is available for a car accident claim?
The amount of compensation available for a car accident claim depends on the extent of damage suffered and other factors. Data on average car accident settlement amounts varies by source.
How is the value of a car accident settlement calculated?
This is the case for all types of personal injury cases, including car accidents. The most common car accident settlement formula to get the value of your case is to use a multiplier against your medical expenses to devise a rough estimate for non-economic damages – your pain and suffering.
What does a car accident claim cover?
This is a broad term that covers any financial losses you may have suffered due to the auto accident. It can include money you lost from your vehicle being damaged or totaled, medical expenses you had to pay to treat injuries from the accident, or even wages you lost out on because you had to miss work due to the accident.