How Are Car Crash Payouts Really Calculated?

When you pursue compensation from a car accident, your car crash payouts is calculated based on your recoverable economic and non-economic damages. A carefully detailed list (supported with the appropriate evidence and documentation) can maximize your financial recovery.

Getting compensation for a car accident claim can alleviate the financial consequences of another person’s or entity’s negligence. A Fort Lauderdale car accident lawyer can clarify how car crash payouts are really calculated and protect you from a lowball settlement that does not fairly or adequately compensate you.

What Non-Economic Damages Go Into Calculating a Car Crash Payout?

Non-economic damages are intangible and difficult to calculate and document on your own. Attorneys rely on various methods to assess the monetary value of the following:

• Physical disability
• Disfiguring injuries
• Pain and suffering
• Mental anguish
• Emotional trauma

Lawsuits seeking car crash payouts have a statute of limitations (Florida Statutes § 95.11). A Fort Lauderdale personal injury lawyer can help you meet the filing deadline and collect tangible proof of these damages, including medical records, a written prognosis, and your own written statement about the accident’s toll on your life.

What Economic Damages Do You Include When Calculating a Car Crash Payout?

The average car crash payout will also have economic damages. These are damages that have or could come out of your own pocket. They typically include:

• Medical bills: Ambulance, emergency room, hospital admissions, rehab, therapy, assistive medical devices, prescribed medications, etc.
• Income loss: Lost wages for the time your injuries prevent you from working, and loss of future earning capacity due to disabling injuries
• Property damage: The costs of repairing your car, compensation for its diminished value, or the costs of replacing it altogether

The economic damages you can recoup can add up quickly. A lawyer can help you avoid the potential temptation of a speedy settlement, which can be inadequate since the full costs of the accident can take time to become clear.

A car accident attorney in Fort Lauderdale can also help you compile evidence that proves the value of the economic damages for your car crash payouts. This typically means collecting bills, receipts, invoices, estimates, and other proof of purchase.

Car Crash Payouts for a Fatal Car Crash in Fort Lauderdale

While nothing can atone for the loss of a loved one, a wrongful death action can help you recover from the financial impact of an unexpected loss. Recoverable wrongful death damages can include:

• Funeral and burial expenses
• Loss of the decedent’s income
• Loss of their domestic support
• Loss of consortium and guidance
• Loss of companionship and care

If your family lost a loved one in a recent accident, a Fort Lauderdale wrongful death attorney will represent you with kindness and compassion. 

Call (954) 633-8270 for Help Calculating Your Car Accident Payout 

If another driver’s negligence caused your recent accident, you can get compensation for your accident-related expenses and losses. Learn more about how car crash payouts are really calculated with a free claim evaluation. Call Law Offices of Wolf & Pravato now for a free consultation at (954) 633-8270.