How to Calculate a Car Accident Settlement

When you’ve been hurt in an accident, you are dealing with so much already, it can be difficult to even contemplate calculating all the losses you’ve faced. It’s necessary to figure out your damages, though, so that you can be reimbursed for these losses. But how will you figure out how to calculate a car accident settlement?

First, you’ll need to calculate your damages.

Monetary Damages

Your monetary damages are all the financial ways your accident has impacted your life. For example, if you were seriously harmed in an auto accident, you will likely be looking at the following monetary losses:

• Medical expenses, such as hospital treatment, surgeries, medications, and co-pays
• Missed time from work, which can mean lost income
• Physical therapy costs
• Costs of mental health treatment, if you’re suffering from mental trauma caused by the accident
• Transportation costs
• Household services expenses
• Damage to your vehicle and other property

Nonmonetary Damages

Your nonmonetary damages are all the nonfinancial ways your vehicle collision has changed your life in a negative way. For example, you are likely experiencing anxiety and some mental trauma from being in a terrifying car wreck. The following are some of the nonmonetary losses you may have faced during and after your auto accident:

• Mental anguish, anxiety, and fear
• Embarrassment or humiliation
• Loss of life enjoyment

Calculating Your Car Accident Claim

To calculate the value of your vehicle collision claim, you will need to add up all the financial losses you’ve faced and provide a detailed record to the insurance company so that you can be adequately paid for all the financial losses you’ve endured.

In addition, you will have to come up with a figure that you believe will adequately compensate you for the intangible losses you’ve suffered. For example, what would be fair compensation for the fact that you’re now too scared to drive a vehicle?

Get in Touch with a Car Crash Attorney in California

Learning how to calculate a car accident settlement can be tough without assistance. Get help accurately calculating your auto injury case so that you don’t overlook any losses that you’re owed for your injuries. Reach out to The Kindley Firm, APC to get your free case assessment. Call 619-550-1313, or fill out the form on this webpage.