If you are in a rear end car accident, you can suffer a lot of permanent damage. Not only that, you will miss work and see your car, often, in shambles. While this is true, you can get compensation for your troubles. This is hard to determine though as most people do not know their rights or how much to ask for in a case. To uncover the truth, you must look at the situation, in detail. Then, you will have an easy time deciding how much money you should recover from your accident. With this in mind, here are four tips to determine how much your settlement is worth.
Property damage: First and foremost, you will need to look at the damage to your car. In many cases, the damage is obvious if you see a huge dent or smashed in panels. On the other hand, the damage may be hard to spot initially. For this reason, when dealing with vehicle damage, you must take your car to an expert who can inspect it for underlying problems. Otherwise, you may deal with a bent frame and have no recourse in the future. Now, the insurance provider will usually look at the damage and determine the amount done to the car. Other times, if the vehicle is new and sustained plenty of damage, you will see the car totaled by the provider. When this happens, you should receive full value for your car. However, even then, you may have to fight the other driver’s insurance company as they will try to depreciate the car. If you have a nicer car and it is fixable, you should try to get more than a check to fix the issue. Instead, you should also ask for diminished value as your car; after an accident, is not worth as much to a buyer. This is often overlooked and costs vehicle owners a lot of money down the road when they cannot get top-dollar for their car. Remember, when looking at the value of the car and any property in it, you will go a long way in finding out the true value of your potential settlement. Without this, you will struggle to get the deserved compensation from the other motorist. Finally, while doing all this, remember to stand up for your cause as you will face an insurance company trying to cheat customers and save cash.
Medical expenses: If you are involved in a serious accident, you may suffer from an injury or two. While this may not be apparent initially, an injury can show up in due time. For this reason, if you want to get the money you deserve, you should add up all your medical expenses. Then, you can provide this to the other driver’s insurance company. Remember, when looking at medical expenses, you will need to look at doctor’s visits, hospital visits, ambulance rides and medication. This can add up quickly and you must remember to include all the receipts from the accident. Luckily, when you do this, you can go a long way in seeing how much money you spend with regards to your health. Now, this will take some time to add up as some hospitals and health insurance companies will take time to hash out the details and get you an itemized bill. Either way, with this in hand, you will start to get a clearer picture on the situation.
Lost wages: When thinking of the situation, you must think of everything. It is easy to forget about the little things. This is a mistake and can cost you dearly. For this reason, when looking at the situation, you must look at lost wages. If you are hurt and lose your wheels for a few days, you may miss some time from work. Since most of us depend on our jobs to pay our bills, this is a huge problem. Ideally, if you work a 9-5 job with the same paycheck every week, you should just provide your pay stubs and have an easy time getting your compensation. While this is true, if you work in an industry with tips, you may have to get a lawyer to get you the needed money. Either way, you cannot forget about lost wages as they can add up quickly, especially if you suffered a serious injury.
Attorney: Now, when looking at everything, you will realize how much of an uphill battle you face. Not only will you have to deal with the police reports, hospital bills and insurance companies, but you will also need to fight for the money you deserve. This is a big battle that most people will not win if they do not get help. Think about it, when dealing with so many variables, you will end up in a world of pain if you make one mistake. To determine if you need a lawyer, you should look at your situation closely. For starters, if you suffered a grave injury or missed a lot of work, you will want to hire a qualified and hardworking professional. At the same time, if the case is complicated in any manner, you will need to look for a lawyer. This is usually the case as the other insurance company or driver may throw up a lot of roadblocks for you. This can cause you to lose your case. Other times, while you can still win your case, you will not get as much money. Simply put, if you want to do well during negotiations, you should bring a qualified and dedicated car accident lawyer to the table. Otherwise, you will end up making a mistake or two that will cost you dearly.
If you are in a car accident, you must act methodically. When doing so, you can assert your rights and make sure you get the money you deserve. While this all sounds easy, it isn’t. Luckily, with these four tips, you can get to the bottom of the issue quickly.