The value of a Katy car accident case may range from a few thousand dollars to millions of dollars. Every car crash lawsuit is unique, and many variables are at play. The best thing you can do is speak to an auto collision attorney as soon as you are well enough to do so. The first consultation is entirely free, and we could help you understand the potential value of your car collision claim.
Factors Which Affect the Value of Car Accident Cases
In Texas, courts consider both economic and non-economic damages when calculating a victim’s losses. Economic damages are usually easy to quantify, as they can easily be proven with bills and invoices.
Non-economic damages, on the other hand, are more difficult to quantify. Pain and suffering, for example, are personal experiences. No receipt can describe how much something hurts.
Economic Damages
When the victim of a car crash spends or loses money because of the accident, this is considered economic damage.
For example, after a car crash, a victim might get bills for:
- Ambulance rides
- Emergency room visits
- Prolonged hospital stays
- Diagnostic tests like X-rays
- Prescription medication for pain
These costs can quickly add up, depending on the level of care a person needs. Ultimately, the victim should be “made whole” by the at-fault party’s insurance company. In other words, these bills should all be paid by insurance.
Other costs a victim might incur include extra child care, extra help around the house and yard, and home nursing care.
It is vital that car crash victims closely monitor their bills and receipts for all costs and services. Save every receipt, even for over-the-counter items, like Tylenol or gauze bandages. These can help to prove some of your non-economic damages.
Non-Economic Damages
Non-economic damages are difficult to prove. Pain and suffering, emotional trauma, stress, and a need for future mental health care due to facial scarring are good examples. However, they can make a big difference in the value of a Katy car collision lawsuit.
Never Accept the First Settlement Offer Made by an Insurance Company
After a car crash, the at-fault party’s insurance company will likely offer the victim a small settlement offer. Do not accept this initial check. Contact a skilled attorney in Katy first to get an idea of the value of your car accident case.
An insurer might offer you $8,000 for a case that is worth $250,000. Remember, when you accept a settlement, you might be leaving hundreds of thousands of dollars on the table.
Book a Consultation Today To Learn the Value of Your Katy Car Crash Case
If you were injured in a car wreck, call our skilled team of attorneys and support staff today. We could help you understand the value of a Katy car accident case, and we have an outstanding track record of helping local families get the compensation they deserve after a car crash.
We are ready to pursue economic, non-economic, and possibly punitive damages in your case. We could help you secure the best settlement possible, or file a lawsuit to help you get every cent you deserve. Book your appointment today.