Factors That Determine How Much Compensation is Awarded In Auto Accident Cases

There are a variety of factors that are considered in determining how much compensation a victim of a car accident is entitled to receive. Compensation can vary widely from case to case, and you want an attorney evaluating your rights who knows what factors should be considered.

In Indiana, the team of Tanzillo, Stassin, and Babcock P.C. is cognizant of how a multitude of factors can weigh into calculating an appropriate damages award for an injured plaintiff. Here is a brief synopsis of the most important factors that contribute to accurately assessing what your personal injury claim from an auto accident is worth. To discuss your situation, please reach out for a case evaluation. 

Past and Future Damages

Compensation for a car accident victim first depends on their actual losses and estimated future losses. Someone with only a few thousand dollars in medical bills from an injury that is completely healed usually does not have a basis for seeking millions of dollars. On the other hand, $10,000 would not even begin to cover the losses of someone with a catastrophic injury and permanent effects. 

Calculating your damages can be challenging, but car accident lawyers know how to value the following losses and more:

  • Medical bills
  • Estimated costs of future medical care
  • Pain and suffering
  • Mental trauma
  • Loss of enjoyment of life
  • Permanent disabilities or disfigurement
  • Wrongful death

Insurance Limits

Many people carry minimal insurance coverage. If another driver causes you severe injuries but has a limited policy limit, it could impact your compensation. Your lawyer can explore other options to get you maximum compensation, which can include determining whether another party shared liability. 

For example, if a driver was working when the accident happened, their employer might also be vicariously liable for the driver’s negligence. This is true of many delivery drivers, construction workers who operate vehicles, commercial truck drivers, and more. Employers tend to have greater insurance policies, which can help to ensure you have coverage of all your losses. 

Other Liability Concerns

Insurance companies might try to blame you partially for the accident. This is because if you share some liability, the insurer can reduce your compensation. You need a lawyer who can prove that your conduct did not play a role in the accident or – if it did – minimize the percentage of fault that is assigned to you. This works to maximize your financial recovery. 

An Indiana Car Accident Lawyer is Ready to Help

In Indiana, if you are pursuing a personal injury claim arising out of a car accident, you need to contact the skilled and experienced attorneys at Tanzillo, Stassin & Babcock P.C. Our firm is fully equipped to represent your claim. We will fight to the fullest extent possible to ensure you receive all the compensation you are entitled to, and we do not back down to insurance companies. Do not hesitate to contact us today for a free consultation today.