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How Much is Your Car Accident Case Worth?

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Car accidents are sadly a common everyday occurrence on Florida roads today. Some are minor, requiring little to no car repairs or medical care. Others are quite the opposite. If your car accident was the latter, you need a dedicated Miami car accident lawyer who will stand up for your rights. You’ll find that lawyer at Flagler Personal Injury Group. With the many financial stresses and obligations that come with severe car accidents, it’s normal to wonder what your car accident case might be worth.

Damages in a Car Accident

Your damages are typically the most significant factor that determines what your car accident claim is worth. The compensation you receive is based on the losses that you suffer. Most individuals hurt in an auto collision have losses that are financial and ones that aren’t. These are known as economic and non-economic damages. Your economic damages, also sometimes called special damages, include:

  • Past and future lost wages
  • Past and future medical expenses
  • Travel expenses to medical appointments
  • Out of pocket expenses such as prescriptions or medical equipment like crutches or a wheelchair

Your Miami car accident attorney can help you gather receipts and bills to calculate these expenses. You deserve compensation for their total value, which is easily calculable.

On the other hand, non-economic or general damages are more difficult to value and calculate. They don’t have receipts or bills as proof. Examples of non-economic damages include:

  • Pain and suffering
  • Mental anguish
  • Scarring and disfigurement
  • Loss of enjoyment of life
  • Loss of consortium

To determine how much your non-economic damages are worth, insurance adjusters, attorneys, and when appliable, juries typically use a multiplier with the value of your economic damages: the higher the multiplier, the more severe the injuries. For example, if your medical bills amounted to $75,000 and a multiplier of 2 was used, your general damages would be worth $150,000. Added with your special damages, your case would be worth approximately $225,000.

Other Factors that Determine Case Value

In addition to damages, many other factors can impact the value of a car accident case:

  • The value of the insurance policies involved
  • How many parties might be liable for your injuries
  • If there are witnesses to your accident and if their testimony helps your claim
  • If you contributed to the cause of the accident at all
  • The strength of your claim and any available evidence 

It’s best to discuss with your Miami car accident lawyer if any of these factors apply to you and how they might impact the value of your claim.

Meet with a Reputable Miami Car Accident Attorney Today

After a car accident, you don’t have to face your hardships alone. We aren’t afraid to stand up to insurance company giants on your behalf so that you can receive what you deserve for your injuries. Get your case started by meeting with one of our experienced attorneys to find out what your case might be worth. Call us today at 305-424-8445 or reach out online to schedule your free case review.