How Do Beaumont Auto Accident Attorneys Determine the Value of Your Case?

One of the most important things that follows a car accident is the process of getting compensation. If you suffered any injuries or damage, you should file for compensation in Beaumont, TX. The amount you get usually depends on the losses sustained and the costs that you have incurred. However, depending on who you have on your negotiating team, this amount can vary widely.

You may choose to handle the negotiations on your own but this puts you at risk. Many insurance companies take advantage of you since they know you are not knowledgeable. If you want to avoid this, you should hire an experienced attorney to handle the case. He is in a great position to calculate the actual worth of your claim so he will aim for that. In this way, you are assured of a much larger package than if you handled the case on your own.

What Are the Types of Damages a Beaumont Auto Accident Attorney Uses to Determine the Value of a Case?

There are different types of compensation that you can receive after a Beaumont auto accident attorney. They are used to cover losses as a result of the crash and any other expenses that you incurred. You should ensure that you have a great attorney to look out for your best interests. By determining the damages that you suffered, the lawyer can calculate the value of your case. This enables you to collect the most out of the process. The following are some of the damages that you can receive:

Economic Damages

This is compensation given to cover losses that have a direct implication for your finances. For example, if you suffered injuries, you spent money getting treatment. You can also be compensated for lost wages, money spent on surgery, lost property and physiotherapy. Your Beaumont, TX lawyer will help you come up with a total to target once the process begins. The idea is to get an amount as close as possible to the figure that you want.

Non-Economic Damages

These are damages that do not have any direct effect on your finances. If you are disabled after an accident, you may not be able to do the things that you loved. You can seek compensation for pain and suffering. If you were traumatized following the accident, you could also seek this type of compensation to get help. Your lawyer will help you come up with a list of the damages to pursue. It is essential to get an experienced attorney.

Punitive Damages

These are awarded to punish the driver at fault for your injuries and losses. You need to prove that the person was neglectful or malicious in what they did. Due to this, you need an excellent Beaumont, TX lawyer who will prove that point in his argument.

How to Determine the Value of Your Case

Your lawyer will calculate your economic losses and add the total to your non-economic losses. The economic damages are easier to calculate since it is clear what you lost. For example, if you spent a certain amount in the hospital, you should have an invoice. You can also get the value of other material losses that you incurred due to the accident. Your lawyer can also obtain a copy of your paycheck that will show how much you have lost in wages.

The issue usually is determining the non-economic losses. That is because you can’t measure pain and suffering or trauma. Due to this, lawyers and insurance adjusters use something called a multiplier. It helps in determining the non-economic damages by giving them an approximate value. To get the value, they add all your economic losses and multiply it by any figure from 1.5 to 5.

To know which figure to multiply by, they look at the severity of your Beaumont, TX losses and injuries. Therefore, if your injuries were severe and your car was severely damaged, then the number will be higher. Another thing that they consider is your involvement in the accident. If you were partially to blame, the total figure will be reduced by the percentage of your fault.

Consult an Beaumont Auto Accident Attorney to Determine the Value of Your Claim

It is difficult to determine how much you should aim to get in your case without an experienced attorney. That is why at Brent Coon & Associates, we are dedicated to helping you figure this out. We have excellent Beaumont auto accident attorney. They know how to assess the value of your claim so that you get what you deserve. Call us today for a consultation.