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If you or somebody you care about is injured in a vehicle accident caused by the careless or negligent actions of another individual, you should be entitled to various types of compensation. However, vehicle accident cases can become complicated, particularly when going up against aggressive insurance carriers. Here, we want to discuss the types of compensation that may be available to vehicle accident victims if their claim is successful.

The various types of compensation available after a vehicle accident

Vehicle accident victims in and around the Charlotte area are usually entitled to various types of compensation through the at-fault driver’s insurance carrier or through a personal injury lawsuit verdict. In general, crash victims will be able to recover compensation for their economic and non-economic losses. This can include the following:

Medical bills

Medical expenses are usually a large part of the economic damages a person sustains after a car accident. This includes medical costs that have been incurred as a result of the accident as well as the estimated costs of future medical care:

  • Coverage of hospital stays
  • Ambulance transportation costs
  • Physical therapy and rehabilitation
  • Prescription medication
  • Medical devices
  • Any in-home care needed
  • Surgeries
  • …and more

Income losses

Anytime a person is injured in an accident, there is a chance that they will not be able to work while they are recovering. This can result in a significant amount of lost income. Calculating lost income amounts is typically a straightforward process. A person will have to provide evidence of lost wages, which can include tax returns, pay stubs, letters from their employer, bank statements, and more.

However, this process can become more complex if a person is permanently disabled and unable to return to work. In these cases, their future expected earnings will need to be examined in order to adequately compensate them for their losses.

Pain and suffering

There are various types of pain and suffering damages that may be available to vehicle accident victims. Pain and suffering losses are considered non-economic damages because they are harder to quantify. Pain and suffering are intangible and include emotional distress, scarring and disfigurement, loss of quality of life, loss of consortium for a spouse, and more.

When working to calculate non-economic losses after a vehicle accident, an attorney will usually use a multiplier method. This means that they will add up all of the economic damages and then multiply that total by a set number (usually 1.5 to 5) to reach a total for the non-economic damages.

Property damage expenses

Accident victims typically are able to recover compensation for their property damage. This can include the repair or replacement of their vehicle as well as any other property that may have been in the car and been damaged as a result of the accident, including computers, cell phones, etc.

Work with a skilled in Charlotte car accident lawyer

If you or somebody you love has been injured in a car accident caused by the negligence of another driver in the Charlotte area, reach out to the team at Price Petho & Associates P.L.L.C. as soon as possible. Our attorneys have extensive experience handling complex vehicle accident claims, and we know what it takes to help you secure full compensation for your losses. When you need a Charlotte vehicle accident attorney, you can contact us for a free consultation of your case by clicking here or calling 704-850-6322.

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