Even though clear traffic rules are implemented to ensure safe driving, the number of car accident cases keeps increasing every year. It is reported that the common causes of car accidents are distracted driving, drunk driving, overspeeding, tailgating, breaking traffic signals, etc. According to NHTSA, there were about 31,785 traffic crash fatalities in 2022.
Being one of the most populated cities in Arizona, there are millions of registered cars in Phoenix. AZDOT reveals that out of the 115,000 accidents in Arizona, about two-thirds of these accidents happen in Phoenix, Maricopa County. If you are a victim of a car accident in Phoenix, you can reach out to car accident lawyers in Phoenix to get financial compensation for both economic and non-economic damages.
How Car Accident Victims Can Receive Financial Compensation
Car accident victims receive financial compensation after finalizing a settlement with the other party or after filing a car accident injury lawsuit.
Settlement
Instead of filing a lawsuit, many people opt for a settlement where the accident victim and the at-fault person’s insurance company agree to a compensation amount. The compensation is given to the victim, after which the at-fault party will be free from liability.
You can hire a lawyer to file an accident settlement claim against the defendant’s insurance company. The insurance company will inquire the victim about the car accident and investigate the details. If the company believes that its client is at fault, it will agree to give compensation.
If the compensation amount given by the insurance company is fair and you feel that money covers your damages, you can sign the release of liability form. However, remember that after signing the liability form, you will not receive any extra money if you suffer from health conditions later on.
Car Accident Lawsuit
If the at-fault person does not cooperate with the settlement, or the insurance company denies the settlement claim, or if the given compensation is significantly less, the car accident victims can file a car accident lawsuit to get better compensation for all their damages. Before filing a lawsuit, it is recommended to hire an experienced attorney, as they can easily handle legal procedures and help you receive higher compensation.
Your attorney will gather the required evidence related to the car accident to prove that the other party is at fault. In addition, your lawyer will also collect your medical records to get you higher compensation for medical bills or future health conditions. All the proofs will be presented before the court so that the jury can make the decision.
The jury will also go through the evidence submitted by the at-fault parties or their insurance company. If you suffered significant damages from the car accident, the lawsuit will be ruled in your favor, and you will be given fair compensation.
What Things Are Considered When Calculating Compensation
When calculating compensation, several factors are considered, such as the severity of injuries, medical bills, the at-fault person’s insurance coverage, state laws, financial damages, property damages, lost wages, and emotional distress.
The car accident victims will obtain financial compensation for economic and non-economic damages. Economic damages include vehicle damage, medical expenses, loss of wages, death, and punitive damages. The non-economic damages are physical pain, emotional suffering, trauma, loss of consortium, etc.
Bottom Line
Car accident victims can receive full compensation for their damages after agreeing to a settlement with the insurance company or filing a car accident lawsuit. However, it is best to hire skilled attorneys as they can gather the required evidence and guide you to obtain faster and fair compensation.
