Determining your final settlement from a car accident can be a complex and time consuming process. From gathering total economic and non-economic damages, sending demand letters, and waiting on a response from insurance companies or other parties, settling a car accident is no small process. Retaining an experienced auto accident lawyer may help you achieve an above-average settlement from your car accident.
In the aftermath of a car crash, getting the full coverage you need for your accident is vital. You’ll need to ensure you’re getting the compensation you deserve, but that’s tough on your own. You may not fully understand the value of your vehicle or your damages.
If you’re not sure how to calculate a car accident settlement in South Carolina, you’ll need help from a lawyer at HawkLaw, PA. We understand how difficult a full recovery can be, so reach out for help when you’re struggling with a settlement.
Steps to Calculating Your Final Car Accident Settlement in South Carolina
Determine Fair Market Value for Your Car
When you’re involved in a car accident, one of your biggest expenses may be your car repairs or replacement. You may have walked away from the crash without a scratch, but chances aren’t good for your vehicle. The damage can vary from a tiny scratch to a completely totaled vehicle.
You’ll first need to find the fair market value of your car. This amount is based on what your vehicle would be worth on the market if it were placed there as-is. This assumes that both the buyer and seller are willing and knowledgeable about the sale.
You’ll need to make sure that this step is handled fairly. For example, the insurance company may find vehicles to compare of like kind and quality that are really worth less than your car. Because of this, you may need to contact a South Carolina attorney about your vehicle’s worth.
Calculate both Economic and Non-Economic Damages
Determining what car accident compensation you may receive involves both economic and non-economic damages.
Once you’ve found the worth of your car, you’ll need to find the worth of your other damages. You may have been badly injured and traumatized, and those losses should be covered.
First, you may need to consider your economic damages. The financial losses you’ll face, like the damage to your car or your medical costs, can get expensive quickly. These costs will need to be added up for your damages.
Your intangible losses should be covered, too, even though they’re more difficult to fairly calculate. These damages cover the emotional and mental toll an auto accident causes, such as mental anguish or pain and suffering. Because these damages vary based on the severity and impact on your life, you’ll need a lawyer to help you calculate them.
Seek Help from a South Carolina Attorney
When you’re facing the expenses and losses of a serious car wreck, it can be tough to recover. You’re hurt, your car may be totaled, and you’re struggling emotionally with the aftermath of the auto accident.
You’ll need help getting the full compensation you deserve, which is where a lawyer from HawkLaw, PA can help. You need help understanding how to calculate a car accident settlement in South Carolina. Fortunately, we can provide that, starting with a free consultation with your lawyer.
When you’re ready to find the full worth of your car accident claim, reach out to your lawyer. Take advantage of your free consult by calling 1-888-HAWK-LAW (429-5529) or by filling out the online form below.
