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July 12, 2020

How to Calculate a Car Accident Settlement in Indiana

After a car accident in Indiana, finding the full worth for your settlement is vital. That settlement will be the amount available to you for your recovery. So, if you don’t fight back now, you might struggle to recover completely from your injuries. 

You’ll need to know how to calculate a car accident settlement in Indiana, but that can be overwhelming. Fortunately, a lawyer from Kooi Law can step in and help you figure out the process. When you’re struggling to find the full worth of your settlement, you may need a lawyer’s tools to help you ask for and get the settlement you need

Find Your Economic Damages

One of the simpler steps will be finding your economic damages. These damages cover what they sound like: the economic losses you’ve suffered because of your car crash. If you had to spend money to recover, then that money should be included in your economic damages. 

For example, you might have suffered whiplash because of your auto wreck. You’ll need compensation for your initial treatment and your property damage, but what about your future losses? You may need physical therapy or other treatment for your condition, and that can affect your future income. As such, you’ll need to seek compensation for any damages you’ve suffered now and may suffer in the future. 

These damages tend to be simpler to calculate because they already have a price tag attached to them. Your hospital bills can be added up, and the days you’ve missed work can be compensated. However, these damages can also be complex because you may have to estimate future expenses. Make sure you’re getting the full value of your economic damages before you pay out-of-pocket for your losses. 

Calculate Your Pain and Suffering

Unfortunately, your non-economic damages might not be so simple to calculate. These damages cover the emotional and mental damages you’ve suffered, which are intangible and more difficult to calculate, making it more challenging to find the worth of your Indiana claim

For example, your car accident might have left you struggling with nightmares, flashbacks, and anxiety over the experiences you suffered through. Because your auto wreck caused you emotional trauma, you should receive compensation for your damages, but what are they worth, and how are pain and suffering calculated in lawsuits? Typically, their worth is calculated by the severity of your damages and how much they’ve impacted your life. 

 Below are a few examples of the non-economic damages you might have suffered because of your auto accident: 

  • Pain and suffering
  • Loss of enjoyment of life
  • Loss of security
  • Emotional trauma
  • Loss of consortium 

Seek Your Full Settlement 

After an Indiana car accident, it can be tough to get the full settlement you deserve. You’re suffering because of someone else’s actions, and you don’t have the tools or experience to know how to calculate a car accident settlement in Indiana. 

Fortunately, you don’t have to calculate it alone. The attorneys at Kooi Law understand how difficult it can be to calculate a car crash claim, and they can help you find the full worth of your claim. Get started with a free consultation, and we’ll help you work to get the full compensation you need for your recovery. 

Ready to get started? Reach out for help by giving us a call at 317-569-1335 or by completing the following online form. 

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