I was recently involved in a car accident, and have already accumulated substantial medical bills due to a neck injury sustained during the accident. My doctor has told me that the injury may result in further medical treatments in the future for complete rehabilitation, but is unsure of what the costs will total. I have also been forced to take time off work, and have been struggling with everyday tasks because of pain from the injury. How can I place a dollar value on the insurance claim for this accident?




Answer:
When assessing the total costs from a car accident, there are two major categories: property damage and personal injuries. Placing a value on property damage is very simple, as cars and any other property can be accurately appraised and accounted for in a claim. However, for personal injury there are many complexities to account for to determine a specific value, and legal professional aid is recommended to accomplish the task correctly.
The most obvious costs to include are the medical bills, which must be released to insurance providers. Next future medical bills should be accounted for. Visiting more than one doctor is beneficial to accurately assess future medical costs associated with any injuries. In addition, emotional or mental trauma can be compensated for. A value for this can be determined only by the victim, or by the costs of future medical mental treatment.
In this case, other very important associated costs to be added to total value of the accident claim deal with employment. When injuries force an individual to miss work, the value is controlled directly by what would have been earned. This compensation can even be granted when the employer has provided injury compensation. If the injury will cause a lasting effect on employment ability, this can also be valued directly by the total lost earnings.
Talk to a Car Accident Lawyer to make sure you get all the money to which you are entitled, and protect yourself from an insurance company that will try to offer you as little as possible.
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Posted by Greg Cohoat on 07 May 2010