How to Calculate a Car Accident Settlement in North Carolina

You did your best to avoid being injured in a car crash, but you can’t avoid them every time. Despite your best safe driving efforts, you’ve been hurt because of another person’s careless or reckless driving behavior. You are owed payment for the losses the accident has forced upon you, but the only way to get paid is to win a car crash claim.

There are many important steps in winning an injury claim and in winning the money you are owed for your accident. In order to receive fair value for your claim and not a far lesser settlement, you should learn how to calculate a car accident settlement in North Carolina before ever opening insurance negotiations.

What Are Damages, and How Do You Calculate Them?

Damages are all the losses directly caused by your auto wreck. For instance, your crash could have caused you injuries, followed by medical expenses to treat your injuries. Next, you will likely be looking at damage to your vehicle, missed work wages, and costs of transportation since you may no longer have the vehicle that was in the crash.

In addition to the monetary losses discussed above, you can also receive nonmonetary damages in North Carolina. These types of damages have more to do with how this accident has impacted you on an emotional, physical, and mental level.

To calculate damages, you will need to collect evidence of your monetary losses. Medical bills, receipts for medications, calculations of your lost wages, and payment of car repairs are just a few examples of evidence you need to gather. Then, you will add up all these expenses to come up with your financial damages.

For the nonfinancial damages, such as your physical pain, mental trauma, and loss of life enjoyment, you will need to come up with an amount of money you believe will adequately compensate you for the negative experience itself and the ramifications it’s brought to your life.

Get Ahold of a Vehicle Crash Lawyer in North Carolina

You’ve suffered enough during and after your collision, and you don’t have to suffer through the auto injury claim process alone. Let a Charlotte car accident lawyer assist you in winning the compensation you deserve, because your lawyer already knows how to calculate a car accident settlement in North Carolina.

Your claim has a better chance at a successful resolution when you partner with a knowledgeable injury lawyer. Reach out to The Nye Law Group to obtain a free case assessment now. You can dial 704-285-6319 or complete the web submission form located down below.