If you suffered injuries in a motor vehicle accident caused by another driver, you may want to know how much your claim is worth to decide whether it's worth the time and energy to fight the insurance company for injury compensation. Unfortunately, every case is unique, and there isn't a precise formula for calculating the exact amount you could receive.
However, here are some factors that impact the value of motor vehicle collision claims. This information helps you get a good sense of how much yours is worth.
The value of your claim is determined in part by the amount of damages you can request in the settlement. Under Kansas and Missouri law, you could be entitled to these types of compensation:
- Past and future medical expenses
- Past and future wage losses and lost earning capacity
- Past and future pain and suffering
- Property damage
- Wrongful death damages if a loved one died in the collision
You may be able to figure out the amount of past medical expenses, lost wages, and property damage. However, you'll need the help of a skilled motor vehicle accident lawyer to determine the value of two other essential portions of your claim: pain and suffering, and future medical and lost income.
The Severity of Your Injuries
If you suffered long-term injuries, your medical expenses, lost wages, and pain and suffering will be greater than if you experienced a minor injury with a short recovery time. More extensive medical conditions significantly increase the value of your claim.
If you were partially at fault in causing your accident, this reduces the value of your claim. Under both Kansas and Missouri law, the amount of compensation you can receive is reduced by your percentage of fault in causing the crash. However, in Kansas, you would be completely barred from receiving any money if you were found to be 50 percent or more to blame for the collision.
One practical consideration in determining the value of your claim is how much insurance is available to pay what you're owed. The reality is that almost all motor vehicle settlements are paid through filing an insurance claim.
You can only receive the maximum amount of liability coverage from the negligent driver’s insurance policy, which may not be enough to fully compensate you. However, you may be able to recover more money if you purchased uninsured motorist coverage under your motor vehicle insurance policy and can file a claim with your carrier.
Were You Injured In a Kansas City Area Motor Vehicle Accident?