Calculating the Value of a Charleston Truck Accident Settlement

When calculating the value of your Charleston truck accident settlements, lawyers often look at your case as a whole. Attorneys try to look at the evidence they could gather on your behalf: the car accident police report, your quantifiable losses, and how your life has been impacted by your wreck. However, these steps are necessary if you are looking to recover compensation. Let a lawyer help you recover today.

Calculating a Settlement Value in Charleston

The settlement value is calculated in Charleston according to a variety of factors. In some types of cases, like a workers’ compensation case, values could be mathematical and lawyers could give guidance on the law and on how to quantify or add up the damages. In a personal injury case, like a tractor-trailer accident case, the law has instructions on what damages are available, but the way to quantify some of those damages may be easier for some areas than others.

For example, it is easy if somebody missed work for a period of time to figure out their wages, the amount of time lost, and what they lost in that period of time. That is a hard number that they could ask for from the insurance company settlement or from the injury if the case does not settle.

Economic Losses Following a Charleston Truck Accident

Future wage loss could be quantified easily by getting an economist to look at those wages, look at the laws, and project it based on life expectancy or work expectancy. They bring that money down to present value and determine what the loss would be and what damages would need to be paid.

Past medical bills are a real number that attorneys could posit to a jury because they are actual bills that were charged, that need to be paid, or that have been paid and need to be reimbursed. Future medical, while a little bit speculative in the sense that somebody may not get all of the treatment that is being recommended, is a number that could be quantified easily. A future damages expert could meet with each of the doctors, get the opinions of what future medical would be needed, and then project out the cost of that medical over the injured party’s lifetime. That is a hard number that one could put on a chalkboard and ask for from the insurance company and from the jury if the case does not settle.

Compensable Noneconomic Losses

Where it gets a little less certain in terms of what a jury may or may not award for certain types of damages is with noneconomic damages. Noneconomic damages would include losses like pain and suffering, the loss of enjoyment of life, or loss of consortium.

These damages are left up to the sound judgment of the jury as to what value should be. Not every jury is going to view it the same way, and members of the jury may have disagreements within the jury that they have to work out in the deliberation room and come to a compromise on what is a fair number.

Let an Experienced and Compassionate Attorney Help

If you are confused as to how you could recover compensation from a car accident, rest assured that the law provides a means for you to do just that. However, trial may not always be what victims like yourself might wish to go through, especially in the middle of recovery. So, how much could a case be worth? When calculating the value of a Charleston truck accident settlement is something that an attorney could do for you. Reach out today.





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