Driving gives you control over where and how you want to get somewhere, but it comes with many risks since you share the road with other drivers. Should you find yourself in an accident, you’ll need to file a report to law enforcement if the accident resulted in death, injury or property damage above $500, per Louisiana Statutes Section 32:398.
After a car accident, some drivers choose a settlement to avoid the hassles of a drawn-out trial. If you are considering this, read below to learn about the factors that come into play when determining a fair settlement.
Lost wages
Though some car accident victims walk away with few or no injuries, others aren’t so lucky. Some victims are injured so badly that they have to spend a long time away from work to recover. Even if you return to work on a part-time basis, you will lose wages since your injuries prevent you from working a full-time schedule.
Damage to possessions
Any possessions damaged in your car can be included in the settlement depending on their value, like a new smartphone or laptop. The losses caused by repairs to your vehicle should also be considered.
Emotional damage
Car accidents can adversely affect someone emotionally, especially if another driver completely totaled their car. It might disturb them so much that they sink into a deep depression or burst into tears while running errands from the stress. This can be factored into your settlement if the emotional pain from the accident prevents you from completing everyday tasks.
Pain and suffering
Your pain and suffering also shouldn’t be discounted. If your recovery took some time, required you to alter your lifestyle or endure weeks of physical therapy, all of that should be taken into account in your settlement.
It is essential to protect your rights as a car accident victim. Experienced legal guidance can help you get the compensation you deserve and need after a wreck.
