Calvin Smith Law - The Injury Lawyers

Accident Damages: How Much Can You Expect to Receive?

car accident damages

Car accident damage can sometimes be minimal or sometimes it can cost you much more than thousands of dollars. Various factors can come into play for your car accident case in Georgia. These factors can vary from case to case and can help determine the amount for your damages.

Nevertheless, it is best to have a reputable and experienced car accident lawyer in Atlanta, GA, by your side to help you with your case. They can help and guide you in the best possible manner for your case.

We will discuss some aspects regarding your compensation for damages. Let’s start by understanding more about the different types of damages:

Economic Damages:

The most common type of damage that you can receive is economic damage. These damages have a particular monetary value associated with them, which helps you determine their value. They include:

  • Benefits that the victim loses
  • Loss of earning capacity
  • Lost wages
  • Medical expenditure
  • Property damage statement

The exact amount of these damages can vary from case to case. Each case offers a unique situation, and that is why there is no set amount for these damages. If we talk about the medical expenditure, it can vary considering your injuries’ nature and extent.

For instance, if the injuries are to an integral body part, such as the spinal cord, the settlement amount can go up to a million dollars or even more. However, if the injuries are not serious and are a case of whiplash, then the final payment amount can be a couple of thousand dollars.

Below are some of the common car accident injuries and the settlements you can get for your economic damages:

  • Moderate Back or Neck Injury: From $30,000 to $100,000
  • Concussions Which Are Not Severe in Nature: From$20,000 to $30,000
  • Death Due to Negligence: From $500,000 to $1,000,000 or above
  • Fracture for Any Bone or Ribs: From $15,000 to $100,000
  • Knee or Shoulder Injury: From $30,000 to $100,000 or above
  • Serious Back Injury: More than $100,000
  • Slight Rashes/Wounds or Whiplash: From $2,500 to $20,000
  • Spinal Cord Injury: More than $1,000,000considering
  • Traumatic Brain Injury: More than $100,000+

Non-Economic Damages:

While the economic damages have a monetary value, non-economic damages are the opposite. They are intangible losses and cannot have a specific value, such as:

  • Loss of close one
  • Loss of joy
  • Mental distress
  • Pain and suffering
  • Stress/Depression/Anxiety
  • Disability/Disfigurement

Since these damages do not have any financial backing or market value, the court assesses various factors. They consider all things to ensure the victims get the compensation they deserve for non-economic losses.

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Exemplary Damages:

Apart from the economic and non-economic damages, you can also be eligible to receive exemplary damages. They are also known as punitive damages, and the court can order the defendant to pay them.

The main aim of punitive damages is to punish reckless drivers for their behavior. Courts try to set an example for other people by awarding these rewards to the victims. If the defendant is guilty of gross misconduct and malicious attitude, they will have to pay these damages.

Punitive damages are quite rare and are only given in certain cases, such as DUI or hit and run. It is better to discuss with a car accident lawyer in Atlanta, GA, to find if you can qualify for the punitive damages. They can go through your case to let you know about it.

Car Accident Settlement: How Can a Car Accident Lawyer in Atlanta, GA Help You?

The insurance companies will use the formula to determine the amount you can get for your car accident claim. Specific injuries, such as neck and back, will have three times more value for the medical treatment. Below are some different aspects that can influence your claim’s value:

  • Any disabilities or permanent injuries
  • Evidence to support your claim regarding your injuries
  • The availability of insurance for both the drivers
  • The seriousness of the injuries you sustained due to the accident
  • The timeframe you received medical treatment for
  • Your role and extent of fault in the collision

The most important thing to note is that the insurance provider might not be willing to pay the acceptable settlement amount. These insurance companies can use different tactics and come up with excuses to deny your claim or lowball you into taking a lower deal.

That is where an experienced attorney can help you ensure you get the compensation you deserve for your case. The attorney can negotiate on your behalf to get the best value for your claim. Also, they can take the case to court and get you the amount you deserve.

A vital point to note is that car accident cases in Georgia have a certain statute of limitations. If you don’t talk to a lawyer regarding your case early on, there is a possibility you might miss your compensation. Therefore, you need to discuss your case with a lawyer to know about the statute of limitations in Atlanta, Georgia.

A car accident can also lead you to wounds and fractures that cause immense pain. As a result, you might not have the energy to file your claim and deal with insurance companies. So, it is better to let your attorney handle these things while you can rest and recover.

Choose the Best Atlanta Injury Lawyers:

After going through an accident, you might need rest to heal from your injuries and recover quickly. In such a scenario, filing for paperwork, dealing with your insurance company, and other tasks can be challenging. Thus, you need to have experienced Atlanta injury lawyers for your legal representation.

The attorneys at the Calvin Smith Law are here to help you with your car accident injury case. We will help you gather all your medical documents and handle all the paperwork on your behalf. If you want peace of mind with complete guidance for your case, get in touch with us today and we will evaluate your case for you.

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