What Factors Could Affect the Payout from a Personal Injury Car Accident Claim?

 Posted on June 01, 2023 in Car Accident

Car accidents can be a traumatic and deeply upsetting experience for those involved, often leading to injuries and financial struggles. If you have suffered a personal injury in a car accident caused by the negligence of someone else, you may be entitled to financial compensation. However, the amount of compensation you receive may depend on various factors. For legal assistance in your personal injury claim after a car accident, contact a skilled attorney to lead you through the process.

Factors That May Affect the Payout

Here are some factors that could affect the payout from a personal injury car accident claim, including:

• The severity and extent of your injuries – If your injuries are severe and limit your ability to work, your payout will likely be higher than if your injuries were mild and did not affect your ability to work
• The medical expenses incurred – Medical expenses can include everything from emergency care, hospitalization, surgeries, prescription medications, physical therapy, and other ongoing treatments that had to be incurred due to the accident
• Your lost wages and future earning potential - Apart from medical expenses, the other factor that affects the payouts in personal injury claims is the likelihood of losing wages. You may be entitled to compensation if your injuries affect your ability to return to work. Additionally, if your injuries cause long-term disabilities that reduce your earning capacity, that is another angle from which you can pitch your claim
• The insurance policy limits – In personal injury car accident claims, the insurance policy limit plays a significant role in determining payout amounts. If the negligent party’s coverage is insufficient to cover the expenses for medical bills and lost wages, your claim may fall short of your expectations
• Contributing negligence – The fault of the individual seeking compensation may also play a role in determining the payout from car accident claims. If you have some percentage of fault, it may diminish the amount of possible payment made to you. In cases of comparative fault, the compensation may be determined based on a percentage of negligence of the parties involved

Contact a Chicago Personal Injury Lawyer

Seeking legal assistance is one of the best and safest courses of action in determining the possibility of getting the maximum compensation. Do not suffer in silence after sustaining a car accident injury. Contact the esteemed Cook County personal injury attorney with Adler Law Offices, LTD. Call 312-236-2700 for a free consultation.

Source - https://www.motor1.com/reviews/560381/typical-car-accident-settlement-amounts/