After a devastating car accident, securing a fair settlement is vital to recovery and financial stability. Car accident settlements provide compensation to victims for their losses, covering everything from medical expenses to pain and suffering.
These settlements can vary from case to case, ranging from a few thousand dollars to hundreds of thousands or even millions. Many factors, like injury severity, the long-term impact on the victim’s life, and insurance policy limits, can affect the final amount. To recover a fair settlement in your Roanoke car accident lawsuit, it is essential to work with an attorney.
How Are Damages Calculated in Roanoke Car Accident Claims?
Calculating damages in Roanoke car accident claims requires a comprehensive assessment of both economic and non-economic losses. Economic damages are quantifiable expenses directly resulting from the accident. These include:
- Medical bills (past and future)
- Lost wages
- Property damage
- Rehabilitation cost
Non-economic or pain and suffering damages, while more challenging to quantify, are equally important. These encompass damages like:
- Emotional distress
- Loss of enjoyment of life
- Loss of consortium
- Chronic pain
- Permanent disability
Insurance adjusters and attorneys use various methods to calculate these damages. For economic damages, they typically add up all related expenses and projected future costs. Non-economic damages often involve specialized formulas based on the severity of your injuries or the period that you are incapacitated.
How Can You Ensure That You Recover a Fair Settlement?
To verify whether a settlement offer is fair, it is important to work with a Roanoke car accident attorney. Lawyers understand the tactics insurance companies use to minimize payouts and can protect you from accepting an unfair settlement. They also have the resources to consult with medical experts and economists to accurately calculate the extent of your injuries and losses, especially long-term care costs that can be challenging to quantify.
A lawyer can also:
- Accurately assess the full value of your claim
- Gather and present compelling evidence
- Negotiate effectively with insurance companies
- Represent your interests in court if necessary
Examples of Car Accident Settlements That We Have Recovered
At Monge & Associates, we work tirelessly to secure fair compensation for the clients that we represent. We have successfully recovered millions for our clients. Here are a few car accident settlements that we have won:
- $6 million for a family injured in a car accident caused by a negligently hired convicted felon on dangerous, illegal drugs
- $800,000 for a motor vehicle collision that caused multiple injuries requiring surgery
- $675,000 for a rear-end collision that led to serious neck and back injuries
- $500,000 for a client hit by a drunk driver who fled the scene of the accident
- $310,000 for a T-bone accident causing a partially collapsed lung, extensive bruising, and rib and sternum fractures
- $250,000 for a high-impact collision with a distracted driver that led to a shattered hip
Monge & Associates Can Help Determine Your Claim’s Worth
While the results of your case may vary, working with an attorney can provide you with a stronger chance of recovering a fair settlement. If you have been involved in a collision, trust Monge & Associates to advocate for your maximum recovery. Contact us today at (540) 453-7765 or toll-free at (888) 890-4058 to schedule your free consultation with a Roanoke car accident lawyer.