If you were involved in an Illinois auto accident caused by someone else’s negligence, you might be wondering who will pay for your medical treatment, time off work, and the repairs to your vehicle? The financial compensation you are looking to recover is known as “damages.” Damages can be divided into two main categories — economic and non-economic.
Calculating damages in an auto accident is not an exact science, and no two cases are identical. You can have two very similar accidents, but the settlement amounts can vary widely based on a number of different circumstances. If you were injured in an accident, it is important to contact a skilled Rockford car accident attorney right away.
As previously mentioned, there are two main categories of damages. In very limited cases, there may be a third type of damages, which are called punitive damages. Here is a look at the characteristics of each.
Calculating damages can be difficult, depending on the circumstances of the accident. Before you can even calculate damages, you have to prove the other party was at fault for the accident. Without liability confirmed, the defendant’s insurance company is not going to make a settlement offer of any kind.
When it is time to calculate damages, there are a number of factors that are used when coming up with a number. Some of these include:
Even in accidents where liability is clear, the defendant’s insurance company will argue that you were at fault or will try to make a lowball offer in hopes of getting you to settle right away. This is why it is so important to have an attorney on your side. If you were injured in an auto accident due to someone else’s negligence, contact Brassfield, Krueger & Ramlow, Ltd. today to schedule an initial consultation.
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