Auto wrecks are expensive—you already know this. But how do you figure out how much your car accident has truly cost you? The costs go far beyond the price tag of your damaged vehicle. You will have to figure out all of the negative effects your accident has had on your life.
Learning how to calculate a car accident settlement in Texas is not easy, but here are the basics below.
First, you should come up with a list of all of the losses your accident has caused you. Some common financial losses are vehicle damage, medical costs, physical therapy expenses, lost income, and caregiving costs.
You should also add in future costs that you expect to deal with, such as future medical treatment and the loss of income you could have earned had your accident not happened.
Next, you need to come up with a sum that you believe adequately accounts for your suffering. You’ve likely suffered physical pain, mental trauma, emotional distress, and lost life enjoyment. You can also be compensated for permanent injury and how this will affect your future.
The financial losses can simply be added up—one plus two equals three. The nonfinancial losses are more challenging to calculate. How does one put a price tag on physical pain or the loss of mobility, for example? Insurers and courts often attempt to classify your suffering by examining the seriousness of your injury and how it will affect your life in the long run.
Figuring out how to calculate a car accident settlement in Texas is no easy task, but it can be made easier with help from a knowledgeable car accident lawyer in Corpus Christi. Talk to one today during a free case assessment to get personalized answers to your questions about car crashes. Alex R. Hernandez Jr. PLLC can be reached through the online form below or by dialing 361-792-3811.
921 N. Chaparral Suite 100 Corpus Christi, Texas 78401Phone: 361-792-3811