How Much Is My Car Accident Injury Worth?
After a serious car accident, you may be facing severe injuries, high medical bills, and time away from work that you and your family can’t afford. When faced with the uncertainty of your future, it’s only natural to want to know what your car accident injury is worth.
Unfortunately, many injury victims don’t know their rights and settle for far less than they truly deserve for their losses. The experienced car accident attorneys at Colling Gilbert Wright understand this. We are committed to helping you obtain the full and fair compensation you need to recover from your injuries and get your life back on track.
Our partners have more than 80 years of combined experience, and each has earned an “AV Rating” from Martindale-Hubbell, the highest rating offered by the largest and most respected national independent legal ratings service in the U.S.
The only way to truly determine how much your car accident injury is worth is to pursue compensation. And if you’ve been injured in a car accident, your best bet at a maximum settlement comes with hiring Colling Gilbert Wright. Call (407) 712-7300 today for a FREE consultation!
Factors That May Influence Your Case
You’ll likely encounter any number of different answers when trying to determine what your car accident injury is worth. The fact is, no amount of online calculators can replace the counsel of a knowledgeable, skilled, and experienced car accident lawyer.
There is no formula that can pre-determine the monetary award you deserve for your injuries. You may find ill-informed advice that recommends multiplying your medical bills by three to land at a dollar value. Yet, car wreck cases are anything but formulaic.
Every case has a unique set of circumstances and consequences. The car accident attorneys at Colling Gilbert Wright know there is no one-size-fits-all approach to personal injury law. Every client and case is unique, and we tailor our approach to protect your best interests in every situation.
Several factors can impact your final verdict or settlement, such as:
- How severe were your injuries?
- How much money will you lose from being unable to work?
- How much money will you lose in the future because of your injury?
- What is the length of your recovery?
- Will you need ongoing medical care & adaptive equipment?
- How has pain & suffering affected all aspects of your life?
- Were aggravating factors present, such as drunk or drugged driving?
The first step to determining the true value of your car accident claim is to call Colling Gilbert Wright for a complimentary case evaluation. During your initial consultation, our attorney will assess the merits of your case and explain your legal options.
Our experienced lawyers know how to calculate your true damages today and in the future. We can recognize lowball offers and will fight diligently for the maximum compensation you deserve.
Frequently Asked Questions
What Are General Damages in Personal Injury Law?
General damages are losses that are difficult to quantify. General damages (or noneconomic damages) contrast with special damages (or economic damages), which are calculable. Some examples of special damages are:
- Medical bills
- Rehab or physical therapy costs
- Lost wages
- Loss of earning potential
- Property damage
Though general damages are more subjective and lack a specific cost, they can be as impactful as special damages, if not more. Some examples of general damages are:
- Pain & suffering
- Reduced quality of life
- Loss of consortium
How Is Injury Compensation Calculated?
Calculating how much a car accident injury is worth is a difficult feat. Online calculators cannot walk you through all the elements of your accident, and there are many components that will influence your compensation.
The first method to recover your losses after you are injured in a car accident will be your Personal Injury Protection (PIP) insurance. PIP covers 80% of your out-of-pocket medical expenses and 60% of your lost wages. If PIP doesn’t cover all of your losses because you’ve suffered significant or permanent injury, you may be able to pursue additional compensation through the other driver’s bodily injury liability (BIL) coverage or perhaps under your own uninsured/underinsured motorist (UIM) policy.
Though the no-fault system is designed to discourage lawsuits, there will still be incidences where that is the only way to cover your losses. When a suit is necessary, a calculator cannot predict your fault in the accident. In a pure comparative negligence state like Florida, your percentage of negligence will reduce your compensation.
To calculate your special or economic damages. You will need to add up all your medical bills, out-of-pocket expenses, and lost wages, including future medical costs and loss of income. The general or noneconomic damages will be more difficult to calculate.
There are to options for calculating general damages. First, the “per diem” method calculates your financial losses based on a daily rate (i.e., $200/day for 365 days). The second is the “multiplier” method. With this method, you calculate your economic losses, then, you multiply the total by a number, usually between 1.5 and 5. The “multiplier” is based on the severity of your injuries and their impact on your life.
You can be certain that the insurance company will argue for a lower multiplier. That’s why consulting with an experienced car accident attorney is always best. They will understand the appropriate strategy for compensation in your case.
How Long Does It Take to Get Compensation Payout?
The time it takes to receive compensation for your injuries in a car accident will vary depending on the severity of your injuries and the complexities of the accident, among other factors. However, an average wait is 4 to 6 weeks.
You will receive your payout faster if you settle out of court, but that doesn’t mean a quick settlement is in your best interest. Insurance companies are always looking out for their own bottom line. They are not considerate of your struggles. Consult a car accident lawyer who can advocate for you and negotiate on your behalf to secure a fair settlement.
Can You Get Compensation for PTSD After a Car Crash?
Yes, you can, but you will have to meet several criteria before you can sue for PTSD, pain & suffering, or mental anguish resulting from your accident.
In order to ask for damages related to mental injuries, a victim must first reach a level of severity involving their physical injuries. Florida Statutes § 627.737(2)(a–d) states that “a plaintiff may recover damages in tort for pain, suffering, mental anguish, and inconvenience” if that plaintiff has suffered:
- “Significant and permanent loss of an important bodily function.”
- “Permanent injury within a reasonable degree of medical probability”
- “Significant and permanent scarring or disfigurement”
- Or “Death.”
Knowing the state’s laws is critical to establishing a viable car accident suit. Having a knowledgeable car accident attorney on your side can help ensure you receive the compensation you deserve for both your physical and emotional injuries.
What Losses Can I Be Compensated for in a Florida Car Accident?
You deserve compensation for your losses when another driver causes a car accident. Though it can be a complicated pursuit, you can be compensated for:
- Ambulance & hospital fees
- Doctor’s appointments
- Emergency medical treatment
- Physical therapy
- Future medical expenses
- Replacement services
- Modifications to your home or vehicle
- Lost wages
- Loss of future income
- Pain & suffering under certain circumstances
- Property damage
If you’ve been injured in a car accident, contact an attorney who can help you understand how much your car accident injury is worth and pursue just compensation for your losses.
Contact Our Orlando Car Accident Attorneys Today
Find out what your car accident injury is worth by contacting the attorneys at Colling Gilbert Wright today for a FREE consultation on your claim. We proudly serve clients in Orlando and all of Florida.