How to Calculate a Car Accident Settlement

If you were involved in a collision with another driver, you’ll likely be eager to be compensated for your damages. Of course, if the crash wasn’t your fault, there’s no reason why you should have to shoulder the financial responsibility.

However, to get what you need from the other driver and his or her insurance company, you’ll need to know how to calculate a car accident settlement.

To that end, our team at Joel H. Schwartz, PC is here to assist you. We know that navigating the legal system can be tricky, especially if you’re unfamiliar with it. That’s why we’ve highlighted the factors you’ll need to keep in mind when calculating the value of your claim.

Property Damage

After your crash, you’ll likely be faced with damage to your own vehicle and any of your belongings that were inside at the time of the accident. These damages can range from minor to severe, but in either case, it shouldn’t be your responsibility to pay for them. Your attorney will take these expenses into account when building your claim.

Medical Care

If you sustained injuries in the crash, you’ll also need to consider what the cost of medical care will be, both now and in the future. First, your attorney will calculate how much you have already spent on things like medications, hospital stays, and doctor appointments. Then, we’ll find out what you will be expected to pay in the future to treat your injuries.

Wages

In the event that you did suffer injuries, you will likely have been forced to take some time off of work to recover. If doing so caused you to miss out on income, your attorney will take this amount into consideration when calculating your settlement. We’ll also take into consideration the effect of your accident on your ability to work in the future.

Talk to a Car Accident Attorney

Now that you know how to calculate a car accident settlement, give our team at Joel H. Schwartz, PC a call so we can help you get started on your claim. We can be reached by phone at 1-800-660-2270 or through our online contact form at the bottom of the page.