One of the most common questions people have is about the value of their car crash claim is “What is my car crash worth?” Car accidents can range in value from $10,000 up to $1 million, sometimes more. The value of your claim is dependent on the losses you have, the impact those losses have on your life now and in the future, and your overall ability to demonstrate their monetary value. 

Having a car accident lawyer in Philadelphia with the skill to maximize your claim is critical. Take into consideration what factors play a role in determining the value of your accident, and use our car crash case calculator to help you determine the true worth of your claim. 

At PhillyLaw, we have helped clients recover over $250 million in settlements and verdicts, and we can help you, too. Set up a free consultation to discuss the value of your car crash.

How Much Is My Car Crash Case Worth?

We need to look at a wide range of factors to determine the value of your car crash claim. Every single case is different. Some of the potential losses you may be able to recover include the following:

Economic Losses

Economic losses are those with documented financial implications. There is a bill or receipt that demonstrates the specific losses. They may include the following:

• Medical bills: This includes all losses from emergency medical care, hospitalizations, and follow-up care. It may include surgeries, treatment processes, procedures, specialist care, rehabilitation, and medications.
• Expected future medical costs: If you need in-home care and support, specialty equipment, or future surgeries and treatment, these costs may be included.
• Lost wages: You may seek compensation for any wages you would have earned if you were not hurt, but could not because of your injuries. That includes the salary you were not paid at work, benefits, bonuses, or other value-based assets you obtain from working.
• Loss of future earnings: For victims who cannot return to their previous job or any other job, seeking compensation for their loss of earning capacity is also crucial in funding their future needs.
• Out-of-pocket costs: You may seek reimbursement for any out-of-pocket costs you have that relate to your accident and injuries. This might include transportation costs and related expenses.

Economic losses are typically a large portion of your car crash claim. Yet, they are not all you are owed in most situations.

Non-Economic Losses

Non-economic losses are more complex because they lack a specific monetary value. The value is more subjective. This makes it essential that you have an attorney who can document and verify the highest level of non-economic damages possible. The following are some examples of non-economic damages you can claim after a car crash:

• Pain and suffering: This type of compensation provides compensation for the physical pain you experienced, discomfort, and any type of suffering that occurred at the time of the accident, as well as into the recovery process.
• Emotional distress and mental anguish: Any serious car crash will cause significant emotional trauma, and you should receive compensation for those losses and the impact it has on your life.
• Physical impairment and disability: After a serious car crash, you may be unable to work and engage in activities that are important to you. You may be eligible to receive fair compensation for those losses.
• Loss of enjoyment in life: Victims with serious physical or emotional trauma may struggle to engage in activities they enjoy, including sports, hobbies, or other types of experiences they have engaged in previously.
• Loss of consortium: This type of compensation aims to cover the losses you suffered as a result of damages to relationships. That includes relationship changes related to your injuries with your spouse or family members. It may include loss of companionship, support, as well as affection.
• Disfigurement: Those with burns, serious lacerations, and amputations face permanent disfigurement, which may also be accounted for in your claim.

Non-economic damages provide a core level of financial support. Your life is different after your car crash, and this is one of the most important ways for you to recover some of that loss in the form of monetary compensation.

Punitive Damages

You may receive punitive damages in cases of egregious, malicious, or intentional actions. However, they are limitedly awarded not as compensation but as a punishment against the at-fault party. Under Pennsylvania law, punitive damages may be available, but should not be a component of your car crash claim estimate.

How Is a Car Crash Case Settlement Calculated?

One of the more complex steps in building a car crash claim for victims is calculating these damages. If you submit a claim to the insurance company, they want to see proof of what your losses are and how you calculated that value. That is not simple to do. 

Our car crash case calculator helps to minimize the complications by providing you with some basic calculations. However, your Philadelphia car accident lawyer will be able to provide more detailed evaluations when you meet with us. To calculate your losses, we look at factors such as:

• The severity of your injuries
• Will you recover fully?
• What is the impact on your emotional health and well-being?
• Will this car crash impact the length of your life?
• Why did this happen?

Using this information, our legal team will maximize the amount of compensation claimed. We gather evidence from all sources, including medical doctors who can testify to the impact and pain. 

We may also discuss your case with experts who can explain the complexities of your injuries. Your family, friends, and employer can provide important insight into the impact the incident is having on your life as well. Our attorneys also use previous cases like yours as a guideline, which can help substantiate claims, especially for non-economic damages.

Set Up a Free Consultation with a Car Accident Lawyer in Philadelphia for Guidance

Our car crash case calculator is a crucial starting point for determining the value of your car accident. Set up a free consultation with PhillyLaw Car Accident & Injury Lawyers now to learn more about the ways we can help you build a strong claim.