Maximizing Your Damages: How to Calculate the Value of Your Auto Accident Injury Claim in Alabama



Auto Accident Information

If you've been involved in an auto accident in Alabama and you've sustained injuries as a result, it's important to know that you have the right to seek compensation from the at-fault party or from their insurer. In legal parlance, this is referred to as damages. This article will explore the process of auto accident injury claims in Alabama, guiding you through the process of calculating the value of your damages.

WHAT ARE DAMAGES?

In a personal injury claim, such as those arising from car accidents, damages refer to the financial compensation you can receive for losses and injuries you sustained. Importantly, these are not just for your immediate medical expenses - damages can cover a range of economic and non-economic losses.

Economic damages are easy to calculate because they are tied to a specific monetary value. They include medical bills, car repairs or replacement, lost wages, future medical treatment and loss of earning capacity.

Non-economic damages are more subjective and difficult to quantify as they comprise the emotional distress and psychological impact the accident has on you. They include pain and suffering, emotional distress, loss of enjoyment of life, and loss of consortium or companionship.

HOW TO CALCULATE AUTO ACCIDENT DAMAGES IN ALABAMA

No two cases are exactly alike, hence estimation of damages is not a straightforward process. It requires knowledge of Alabama laws, expertise in claims negotiation, and a comprehensive understanding of the long-term impacts of your injuries. This is where Alabama auto accident attorneys like Stephen Thompson come in.

1. Determine Liability

In any personal injury claim, determining liability is the first crucial step. Alabama follows a "Contributory Negligence" rule which means if you are found to be even 1% at fault for the accident, you may not recover any damages. This law underscores the importance of having a knowledgeable auto accident attorney assist you in establishing the other party's fault.

2. Calculating Economic Damages

Collect all relevant documents such as medical bills, mechanic invoices, and pay slips to show loss of earnings. Make a comprehensive record including future economic losses based on medical prognosis and specialist opinions.

3. Estimating Non-Economic Damages

This is the most challenging part because placing a dollar value on suffering or loss of life enjoyment is subjective. Lawyers typically use one of two methods - the Multiplier Method (multiplying the economic damages by a number between 1.5 and 5) or the Per Diem Method (assigning a daily value to pain and suffering and multiplying it by the number of days you’ve endured it). 

However, remember that Alabama has a cap on punitive damages (aimed at punishing the wrong-doer) but not on non-economic damages, confirming yet again how vital legal guidance is when filing a claim.

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CONCLUSION

While the calculation of damages seems like an arduous task, it's significant for receiving fair compensation that reflects the true impact of the accident on your life. Stephen Thompson, a dedicated Alabama personal injury attorney, understands the intricacies of Alabama laws and has the experience needed to negotiate a claim that accurately represents all your losses.

If you're still unsure about the value of your auto accident injury claim or need help navigating your case, be it with insurance claims or court proceedings, consider reaching out to an Alabama auto accident attorney like Stephen Thompson. With his expert legal advice, you can confidently navigate Alabama’s complex legal landscape and stand the best chance to receive the compensation you deserve.

Free Initial Strategy Session

All Initial Strategy Sessions are Free. If you would like to discuss your options, you are invited to fill out one of the Contact Forms. I will attempt to contact you if I think I can help you.

During your Initial Strategy Session, I will asist you in creating a strategy on how to best pursue your claim, whether it be the result of a Car Accident Claim, 18 Wheeler Injury, or, Alabama Workers' Compensation Claim. At your Initial Strategy Session, you will receive the following:

  • First - I will listen to your story. You will have a chance to tell everything to someone who wants to hear what happened to you.
  • Based on the information that you provide, I will give you my best advice on both what claims you have, and the next steps you should consider to proceed with your claim(s).
  • If your claim is something that I think I can help you with, I will explain the services that I can provide for you, and what the next steps are that we should take. We will start working immediately.
  • If your matter is something that I do not think I can help you with, then I will attempt to put you in contact with another lawyer that might be able to help you.
  • Either way, what should happen is we will put to rest some of the unkowns that you may be experiencing. We will start to shed some light on what you can expect, and how to best pursue the benefits you deserve.


Don't delay getting the recovery you deserve! Contact us today for your free Strategy Session!

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