Home Car Accidents How Much is My Car Accident Case Worth?

How Much is my Car Accident Worth?

If you've been in a car accident in Indianapolis and you're not sure what to do next, you're not alone. The last thing you want is to be stuck with expensive medical bills and other expenses because of someone else's mistake. That's where Emerson Divorce and Accident Injury Attorneys come in - they're a team of experienced lawyers who can help you get the financial compensation you deserve. They'll guide you through the entire process so you can focus on healing and getting your life back on track.

After being involved in a car accident, one of the first things people want to know is how much they can receive. The total amount of compensation you can get depends on different factors, such as the type and severity of your injuries and the other driver's insurance policy limits. Although it's difficult to determine an exact amount, our team of lawyers in Indianapolis can help you get an idea of what to expect in terms of compensation.

How is a Settlement Value Calculated?

When our lawyers calculate the amount of money you should receive as compensation for your car accident, they will take into account all the damages and losses you've suffered. This gennerally will include things like pain and suffering, lost wages, medical expenses and damage to your vehicle. Overall, we will assess the full extent of your losses to help you seek the compensation you deserve.

Economic Damages

There are some specific types of losses that can be measured in dollars. These losses can be identified and quantified based on their monetary value.

  • Medical Expenses – Like it sounds, medical expenses include the costs of all the treatment you need – both now and in the future. This could include things like tests to find out what's wrong, surgery, staying in the hospital, follow-up appointments with doctors, and even things like help at home or medical equipment to keep you comfortable.
  • Lost Wages - When someone gets hurt and cannot work, they may lose money that they would have earned. This lost money is called "lost wages." It refers to the income a person could not earn while recovering from an injury.
  • Lost Earning Capacity – "Lost earning capacity" refers to the income a person won't be able to earn anymore due to a permanent disability caused by an injury. This means that they might not be able to work as much, earn as much, or even work at all, which can have a big impact on their financial situation in the long run.
  • Property Damage – The damage that is caused to your vehicle is called property damage. This means that the cost of repairing or replacing your car will be covered by your insurance.

Non-Economic Damages

Some losses can't be easily measured in terms of money. These are called "non-economic damages". They refer to your physical and emotional pain and suffering you may have experienced as a result of an incident but are not directly related to financial losses. They include:

  • Pain and Suffering
  • Mental or Emotional Pain or Anguish
  • Disfigurement
  • Physical Impairment
  • Loss of Companionship
  • Loss of Enjoyment in Life

If we support you in your legal case, our lawyers will calculate the amount you should receive for what happened to you. This amount might increase if you need more medical care or can't work for a longer period. Then we ask the responsible party to pay you this amount as compensation.

Does Negligence Affect my Settlement Amount?

If you've been in a car accident and it's not entirely the other driver's fault, your recovery may be reduced based on your percentage of fault for the accident.

In Indiana, the law follows a modified comparative negligence system, which means that you can still receive compensation as long as you're found to be 50% or less at fault.

For example, if your total damages are worth $100,000 and you're found to be 20% at fault, then you would receive $80,000 in compensation after your 20% fault reduction. However, if you're found to be more than 50% at fault, you won't be eligible for compensation from the other driver's insurance company.

How Can an Indiana Attorney Recover Damages on my Behalf?

If you are involved in an accident and need help getting compensation, an Indiana attorney can assist you. They know how to collect evidence and review medical records and police reports to show that the other driver was responsible for your injuries. The attorney can also talk to witnesses and consult with experts to understand what happened.

Insurance companies can be very hard to work with and may try to limit the amount of compensation you receive. They may argue that your injuries are not serious or try to blame you for the accident. They may even offer to settle for a much lower amount than what you deserve. We will help you overcome these challenges and work towards getting you the compensation you deserve.

At our firm, we believe that every case is unique and deserves individual attention. We are committed to fighting for your rights. We have a reputation for being tough opponents in court, which often leads to insurance companies settling with us. Our goal is to make sure that your needs are met and that you receive a fair settlement.

How Long Does it Take to Receive a Car Accident Settlement?

If you've been in a car accident and are wondering how long it will take to get compensation, the answer is that it can vary widely. Depending on how serious your injuries are, how willing the insurance company is to work with you, and whether there are disputes over who is at fault, it can take anywhere from a few months to several years.

It's important to be patient and not accept a settlement that doesn't fully cover the costs of your damages. The lawyers at Emerson Divorce and Accident Injury Attorneys can help you figure out exactly how much compensation you should be entitled to and fight to make sure you get it.

When Should I Speak to a Car Accident Lawyer in Indiana?

If you get into a car accident in Indiana and you believe it was someone else's fault, it's important to speak to a lawyer as soon as possible. This is because there is a deadline for taking legal action, which is two years from the date of the accident. While two years might seem like a long time, important evidence can disappear or get destroyed or lost over time, and witnesses may forget important details. Increase your chances of getting the compensation you deserve by speaking to a lawyer early.

How Much Does an Indianapolis Car Accident Lawyer Cost?

If you've been in a car accident in Indianapolis and are wondering how much it will cost to hire a lawyer, we have good news for you. Our law firm operates on a contingency fee basis, which means that you won't have to pay anything upfront. We cover all the costs associated with your case, and our fee is only deducted from the compensation we recover for you. If we don't win your case, you don't owe us anything.

It's also completely free to consult with us. One of our experienced attorneys will be more than happy to discuss the details of your accident and explain your legal options. We won't charge you anything for this service. We believe it's important for you to have all the necessary information to make informed decisions about what to do next.

We can assist you if you've been injured in a car accident in Indianapolis. Our team of experienced lawyers can provide a free consultation to discuss your legal options. Feel free to contact us today, and we'll be more than happy to help.

We’re Here to Help You!

We are available by phone 24/7 to discuss your case, and we make it a priority to answer all of your questions as soon as possible.

(317) 969-8000

What Our Clients Say

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