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How Much Can I Expect to Be Compensated for a Car Accident?

Car accidents are not cheap. If you are in a car accident then you will have to deal with repair bills, legal fees, and medical bills from any injuries you sustain. However, if someone else was responsible for your car accident and injury, then you could file a personal injury lawsuit and receive compensation.

In general, when you are in a car accident and file a lawsuit, the other driver’s insurance company will be responsible to pay your damages, but not your legal fees. Depending on the exact specifics of the accident and the exact damages, the amount that you are judged entitled to could differ.

How are Settlements Calculated?

Considering the fact that no two accidents are the same, no two injury suits will be identical. As such, there is no true one-size-fits-all question to how much you can get from your settlement. In some cases, you may be entitled to a little, in some cases a lot. Typically, compensation is based on some key factors:

  • Damages to property (car, house, etc.)
  • Current and future medical bills
  • Lost wages from missed work
  • Pain and suffering
  • Type of injury (objective v. soft-tissue)
  • Amount of available insurance

The severity of the accident and the severity of your injuries play a large role in determining your total compensation. A small fender bender with minimal injuries would be settled for a lesser amount while a massive accident that caused permanent damage may entitle you to larger settlements.

Types of Damages

There are usually considered two types of damages you can file suit for: special damages and general damages. Special damages are any economic damages, which includes obvious candidates like the cost of your, any lost wages, and medical bills incurred. Calculating economic damages is a fairly straightforward task and involves tallying up all your current and future costs.

General damages are non-economic damages, which include any other kind of damages. “Pain and suffering” is a common kind of general/non-economic damage that is included when calculating a settlement. It can often be difficult to put a monetary value on general/non-economic damages.

Policy Maximums

Depending on the kind of insurance the person you are filing a claim against has, there may be a maximum limit that the policy will cover. For example, say you were in an accident that caused $70,000 in damages and medical costs. If the defendant’s insurance limit for injury costs is $50,000, then that is all they will cover. If you want the remaining $20,000, then you will have to recover from your own underinsured motorist coverage.

Looking for a personal injury lawyer following a truck, car, or motorcycle accident? Contact the Indianapolis Car Accident Lawyers at Hurst Limontes LLC today for your free consultation.

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FAQs
Our Fees

It cost $0 up front to hire our office. We work on a contingency fee basis, which means you only pay us if we settle your case or obtain a verdict on your behalf.

If we’re unable to obtain a settlement of verdict for you we eat the costs we’ve advanced to litigate your case, which includes costs for ordering medical records, filing your case, hiring experts, deposing witnesses, and many other things.

If we do settle your case or obtain a verdict for you our standard rate is 33% of the settlement or verdict, plus reimbursement for the expense we’ve previously advanced. Our fee never increases like some personal injury attorneys, even if we have to take your case to trial.

Our Fees

It cost $0 up front to hire our office. We work on a contingency fee basis, which means you only pay us if we settle your case or obtain a verdict on your behalf.

If we’re unable to obtain a settlement of verdict for you we eat the costs we’ve advanced to litigate your case, which includes costs for ordering medical records, filing your case, hiring experts, deposing witnesses, and many other things.

If we do settle your case or obtain a verdict for you our standard rate is 33% of the settlement or verdict, plus reimbursement for the expense we’ve previously advanced. Our fee never increases like some personal injury attorneys, even if we have to take your case to trial.

Case Worth

As a victim, establishing damages, negotiating with the insurance company, or filing a lawsuit can be daunting and next to impossible without the assistance of an experienced lawyer. As a result, if you have been hurt in an accident, it is important that you contact an attorney as soon as possible to help you recover the compensation to which you are entitled under Indiana law.

Why Hire?

Choosing an attorney that has experience dealing with personal injury law is important to protect your legal rights. If you are trying to recover damages from a business or other type of organization, you can bet that they are going to have a legal team on their side.

Medical Bills

If you were injured by an accident you may be struggling to determine who is responsible for paying your medical bills and holding them accountable. Speak to an experienced personal injury lawyer at The Law Office of Hurst Limontes LLC and learn if we may be able to help.

Recovery

After you have been injured, you are entitled to compensation. The type and amount of compensation depends on the injury, bills, the cause of the injury, negligence/bad faith of the defendant, etc. The attorney you retain can also heavy influence your recovery through knowledge, experience, and dedication. Legal terms and phrases can be confusing even after you retain an attorney. If you have been injured, you may wonder how much your case is worth or what your “damages” are. The worse the injuries, the higher the value of the case and the greater need for an experienced attorney