What Does A Typical Auto Accident Settlement Look Like?

You want to restore your health and get your life back on track after you have been in an auto accident caused by negligence. To do this, you will need financial compensation to cover your lost income, expenses, pain, suffering, and loss in enjoyment of life.

You may now realize that you have to prove your damages to the opposing side. You can’t just let them down. If you don’t do anything, you will not be able to recover your losses. It might seem strange that you would have to do all the work if they were negligent or caused the accident.

What are “Damages?”

When you refer to the negative impact that an auto accident has had on your life and body, “damages” is a legal term. It can be thought of as synonymous with the term injuries, but it does not only refer to injuries to your body.

There are two types “damages” in the legal world: economic and non-economic. Both types of damages need to be quantified and calculated for the past and future. This can be done in a way that is communicated to the other party, a mediator and/or a jury.

  • Economic damages are things like medical bills and lost income. Economic damages are usually represented by a bill, an invoice, or a future project calculated by economists and medical experts.
  • Other non-economic damages are things like pain, suffering, loss in enjoyment of life, emotional distress and any other noneconomic harm to your personal life. These are harder to quantify so you will need to share your story with your family, friends, colleagues and coworkers. When illustrating the effects of an accident on your life, photos and videos can be just as powerful.

$3.3 Million Auto Accident Settlement

A $3.3 million settlement was obtained by us recently for an auto accident victim. This will allow her to recover and secure her financial future. The case involved a tractor pulling out in front our client’s vehicle, leaving her with no time to escape the catastrophic, high-speed impact and subsequent injuries.

This was an auto accident involving a large rig, but there are many other types of auto accidents such as:

  • Auto vs. Auto
  • Auto vs. Commercial Vehicle (trucks, big rigs, vans)
  • Auto vs. Bus
  • Auto vs. Train
  • Auto vs. Pedestrian
  • Auto v. Emergency Vehicle (ambulances, police, sheriffs, etc.
  • One auto accident, usually due to road design or maintenance issues

Summarized from an article by The Dominguez Firm.