Generally, there are two aspects to a car accident claim:
- Property damage; and
- Personal injury.
For property damage claims, of the repairs is typically fairly easy to get figured out, and the automobile insurer and repair facility can usually come to an agreement pretty quickly.
If the vehicle is a total loss, insurance companies will do a market survey to determine what the value of the vehicle was at the time of the crash, and make an offer based upon the “fair market value” at that time.
For personal injury claims, there is a multitude of factors that must be considered in determining value:
- Nature of the injuries;
- Extent of the injuries;
- Duration of the injuries;
- Amount of medical expenses;
- Physical deformity or scarring;
- Loss of enjoyment of life;
- Loss of relationships;
- Lost wages or other financial losses.
There are so many factors that must be considered in evaluating a personal injury claim that there is no quick summary or discussion that can be better explain this.
In addition, the above list is not exhaustive of all of the factors that may be considered but is a fair description of the types of things that must be evaluated in determining how much a claim is worth.
If you have not been through this before, you should seek the opinion of an experienced personal injury attorney.
Many attorneys dabble in this area law, but without a specific focus cannot really know the value of your case.
Make sure your attorney focuses in the area of personal injury – look for a Certified Specialist in personal injury and wrongful death.