The elements involved in car accident liability are often complicated. The whole process resembles a maze more than a straight and definite path. However, you are aware that you have the right to obtain compensation for injuries to you and your property arising out of an accident in which you were not responsible. 

There are different types of liabilities and ways to establish the same. Additionally, there is also the aspect of calculating this liability in terms of compensation sums. This article will guide you through the critically important part of car accidents – the different compensation types you can seek if you have had an accident.

Types Of Personal Injury Compensation

The compensation paid out to you by parties involved in an accident when you are not at fault is referred to as damages. You can seek a variety of damages for different types of personal injuries. According to a leading South Carolina car accident attorney, the damages can be grouped into two broad categories, i.e., economic and non-economic damages. You can seek compensation for any of the following types of damages:

  • Medical Expenses
  • Diminished Future Earnings
  • Lost Wages
  • Car Repair or Replacement
  • Rental Vehicle Costs
  • Property Damage
  • Pain and Suffering
  • Mental Anguish & Emotional Distress
  • Punitive Damages
  • Economic Damages

The broad category of economic damages comes with the complicated term – pecuniary damages. They refer to the out-of-pocket specific and actual expenses incurred as a result of an accident. The two major types of economic damages for accidents are those related to lost wages and medical expenses.

Medical Expenses

The different costs included in the category of medical expenses include:

  • Paramedic costs
  • Transportation to the hospital in an ambulance
  • Treatment in the emergency room
  • The costs of medical devices used in the treatment
  • Hospital fees
  • Rehabilitation costs
  • Physical therapy costs
  • Future medical costs

The last expense is calculated as per the recovery period estimated by doctors.

Lost Wages

The compensation you receive for lost wages accounts for the earnings you miss out on due to not being able to work generally due to an accident. Lost wages also include future projected incomes. It consists of the following types of expected earnings:

  • Overtime
  • Bonuses
  • Retraining for the job
  • Loss of earning ability

The compensation you receive as damages for future earnings is often given out in a single large sum of money. Suppose you lost out on an estimated $1 million in future earnings; you might receive $700,000, which according to the courts, should serve as $ 1million across the span of your life. Such a provision helps keep the defendant's financial burden lower without reducing the financial losses resulting from future lost work.

Property Damages

Another common type of economic damage you can expect to receive is property damage. The damage to cars is one aspect of your losses you are eligible to seek compensation for. Vehicle repair or replacement is covered according to the severity of the damage. Not only your car but any property that you own that was damaged by accident is also liable to be compensated. 

For car damages, the compensation covers repairing the vehicle to the state before the crash. But the compensation amount is limited to the fair market value of the car. For instance, if your car needs to be replaced, but the car's fair market value is less than the sum of money you owe on it, you need to pay the difference yourself.

Non-Economic Damages

It is comparatively harder to calculate the non-economic damages associated with your car accident. But that in no way diminishes any of the legitimacy of the damages. These factors include:

  • Inconvenience
  • Pain and suffering
  • Disfigurement
  • Physical impairment
  • Mental anguish and emotional distress

Less common forms of non-economic damages cover:

  • Society
  • Comfort
  • Intimacy
  • Affection
  • Engaging in sexual relations

Play with your children and other intangible characteristics of life. Usually, we don't think of any of these factors and take them for granted till our accident forces us to deal with them. Non-economic damages can often be a hefty amount and make up for the bulk of the compensation you receive for the accident.

The last thing to mention in the context of compensation for damages is that lawsuits are not your first option. The first you want to do is to file an injury claim with the relevant insurance firm. Following that, you must negotiate with the adjusters appointed by the insurance company. However, it is best to seek legal counsel to help you get the maximum compensation you can expect. The case will then go to an arbitrator before becoming a lawsuit to settle in the courts if both parties can't agree to an arrangement.

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