If you are involved in a car accident and are fighting for compensation, you may wonder “how much is my case worth”. For starters, your settlement is probably worth a lot more than the insurance company is willing to offer.
First, what is settlement? A settlement is when both the insurance company, and the injured plaintiff agree on a lump sum payment that resolves the plaintiffs claim. Insurance companies generally start their offers low while your legal team put together documents and evidence to properly assess your claim.
How much your case is worth depends on damages. There are two types of damages, special damages which account for monetary losses, and general damages which account for intangible, or non-monetary losses.
Special damages are easy to calculate as it has a tangible amount. The income you have lost, and medical expenses acquired due to your accident are examples of special damages. You will also be compensated for the cost of hired help needed due to your injuries. Any loss of income or expense caused by your injury will be calculated and compensated for. The goal is to place you in the same financial position you would have been, but for the accident.
General damages are tougher to calculate and depend on the person and severity of the injury. These sorts of damages are immeasurable such as pain and suffering, mental anguish, and disfigurement. General damages help to compensate for the loss of quality of life your accident has taken from you. The pain and challenges accident victims must live with for the rest of their lives are calculated and turned into monetary value.
If you are suffering accident injuries, the best way to know how much your case is worth is to speak with a lawyer. With the right information, lawyers can provide advice based on special and general damages so you are aware of reasonable and unreasonable offers that may arise when negotiating. Your lawyer will advise the best legal direction for you and will work to get you the compensation you deserve.
CLG Injury Law has over 35 years’ experience representing Atlantic Canadians who have suffered injuries following a motor vehicle accident. For more articles and safety tips, go to https://cantiniinjurylaw.ca/blog/ or subscribe to our newsletter.