How to Find Out the Total Value of a Car Accident Claim in Atlanta

Nearly 35% of car accidents occurring on US roads and highways are fatal. One of the major reasons for such a high rate is drunk driving. Aside from hurting people physically, car crashes can also hurt the victim’s finances. There are a lot of things that go into figuring out how much a car accident claim is worth. The average hospital expenses after a car accident, as reported by NHTSA, are around $15,000. This amount can rise depending on the severity of the accident.

Atlanta has some of the busiest interstates in the country, like I-285, I-75, and I-85. When you have heavy vehicle traffic, accidents happen. It is up to the drivers to be aware of their rights and find out what they can do to seek compensation for their losses.

This detailed guide explains the factors that affect how much a car accident claim is worth, helping people find their way through this complicated procedure. Contact reputable lawyers like Buckhead Law Saxton Accident Injury Lawyers, P.C. in Atlanta if you have to make a car accident claim.

There are different parts to the claim that this article breaks down to help accident victims get fair compensation for their losses.

Medical Bills

Vehicle accident claims start with medical bills. Note all accident-related healthcare costs, including hospital bills, surgeries, medicines, rehabilitation, and ongoing treatments. This extensive report proves the accident caused health and financial problems.

By meticulously accounting for all medical expenditures, individuals improve their case, emphasizing the impact of the car accident on their health and the need for reasonable compensation.

Lost Wages and Future Earnings

A car accident claim’s value depends on lost wages. Accounting for lost revenue during recovery must incorporate the accident’s economic impact. Financial experts assess career impact based on occupation, career trajectory, and injuries’ long-term repercussions. Including present lost pay and expected future earnings reveals the accident’s comprehensive economic toll on an individual.

Property Damage

Valuing a car accident claim requires an exact property damage assessment as well. Costs include car repair and replacement. You will need to produce repair quotes, replacement value appraisals, and vehicle receipts. This also includes devices and other cars destroyed in the accident. Showing property damage’s financial impact strengthens the claim. This method accounts for all immediate and consequential property losses, boosting vehicle accident compensation claims.

Loss of Consortium

Loss of consortium, especially if the accident causes a partner to lose companionship or intimacy, affects a car accident claim’s value. This unique claim acknowledges the huge impact on relationships and life quality.

The individual’s and spouse’s intangible but huge loss is hard to explain. The claim mentions loss of consortium to depict the car accident’s numerous effects on the individual’s personal life and relationships more holistically and empathetically.

Comparative Fault

Comparative blame is significant when multiple parties are at fault. This state-specific legal theory assigns a fault-based duty. A comparative fault may lower compensation proportionally. These legal difficulties require a systematic technique to find the liable party, which determines the compensation for the car accident.

Conclusion

You must evaluate all the factors to value a car accident claim accurately. It would be best if you had legal guidance, accident documentation, and insurance knowledge to get a fair assessment. With preparation, people can handle car accident claims and collect the compensation they deserve.