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How Much Compensation Can I Collect?

Getting into a car accident or other incident that causes personal injury or property damage can be a very frustrating and stressful situation. When you are involved in an accident, you can also suffer a lot of financial setbacks including damage to a car or personal property, injury, or even lost income due to an inability to work.

If you did suffer a financial setback due to an accident that was the result of someone else’s negligence, it would make sense that you should receive some form of compensation from the other party. When you are trying to determine what level of compensation that you should receive, there are different types of compensation that should be considered and assessed.

Auto or Personal Property Damage
The first cost that should be considered when you are determining how much compensation you should receive is the cost of repairing or replacing your personal property. If you are involved in an auto accident, the cost of repairing your car could range from a few hundred dollars to tens of thousands. Regardless of the cost, the at-fault party should be held responsible to pay for the repairs. In most situations, the other party should be full insured and have the backing of a solid insurance company to pay the claim.

Medical Bills
When you are involved in an accident that causes some bodily harm it would make sense to have a medical evaluation completed. The evaluation could end up finding that there are other medical concerns due to the accident that need to be addressed. Ultimately, the costs related to the evaluation and treatment plan could be significant. Even if you are covered by insurance, your deductible and annual maximum payments could be thousands of dollars. Furthermore, your medical insurance provider may want you to pursue legal reimbursement from the other party if it was due to their negligence. When you are determining the right amount to seek as compensation, all of these costs should be incorporated as well.

Punitive Damage
In most cases, auto and other accident compensation reimbursements are normally limited to actual costs and costs for pain and suffering. However, if the other party is grossly negligent and was aware of the negligence, there could be a case for additional punitive damages. Punitive damages are additional damages and charges that intend to simply punish the other party and are on top of any traditional reimbursement that you would receive. When you are going through the process of seeking reimbursement from the other party, it can be hard to determine what the right amount of punitive damages are. In most cases, receiving punitive damages will require you to go through the full civil negotiation and trial process.

Legal Costs
When you are looking to be reimbursed for your costs associated with an accident it would be wise to try and settle the situation out of court. Doing this will end up being far more affordable and less time consuming for all parties involved. However, there are situation in which the other party and their insurance company are not willing to work with you. If you are in a situation in which they are not willing to cooperate with you, the only other option you will have is to file a lawsuit. When you file a lawsuit you will incur legal fees, processing fees, and other costs that go along with it. When you do file the lawsuit, it would make sense for you to also seek reimbursement for any legal costs that you incur.

In conclusion, if you are injured in an accident, or suffer some other sort of financial setback due to the negligence of another party, it would make sense to speak with an attorney. A personal injury attorney can provide you with a range of services that will help you to better assess the situation and understand your legal rights. The personal injury lawyer will be able to handle a significant amount of the legal work for you, which can take a lot of stress off of your shoulders. Hiring the legal support can also help to ensure that you end up receiving the full settlement amount that you are entitled to.

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