A Team Of Experienced Attorneys

You don’t just get backing and support of your attorney. You get an entire team.
Photo of Professionals at Smith, Dickey & Dempster P.A.

Assessing the value of your car accident claim

On Behalf of | May 30, 2024 | Car Accidents |

If you were involved in a crash, understanding the value of your car accident claim or the amount you can recover as compensation is essential to protecting your interests. It can help avoid settling for an inadequate settlement that does not fully cover your damages.

Usually, the value of your car accident claim is tied to the extent of the harm and losses you suffered and other circumstances surrounding the crash. Here is what you need to do when assessing how much your car accident claim is worth.

Understand your recoverable damages

You are entitled to compensation for all the economic and non-economic losses you sustained in the crash. Your total damages will inform the value of your car accident claim. These include:

  • Present and future medical bills related to injuries arising from the crash
  • Lost wages and a reduced earning capacity
  • Property damage
  • Pain and suffering
  • Emotional anguish
  • Diminished quality of life
  • Disfigurement, among others

You may be awarded punitive damages depending on the particulars of the crash. These damages are intended to punish the negligent party rather than compensate you for your damages. It’s also worth noting that you cannot recover compensation from the other party if you contributed to the crash under North Carolina’s negligence laws.

Protect your rights and interests

Knowing how much your car accident claim is worth does not mean you will receive a fair settlement. You may encounter hurdles like insufficient documentation of your damages, disputes about your involvement in the crash or even an underinsured driver.

Reaching out for legal guidance can help navigate these potential complexities and present a solid case to increase the chances of a favorable settlement.

FindLaw Network