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How to Calculate a Car Accident Settlement in Tennessee

After you’ve been involved in an auto wreck, you’ll likely want to hold whoever is responsible for harming you accountable. When found liable in court, the at-fault party will be compelled to cover the losses you endured due to their negligent actions.

But, before we can determine how much you’ll recover from your claim, we will need to calculate how much your damages are valued at. Read on to learn more about the various types of losses you can seek when you pursue your car accident claim in Tennessee.

Obtain Repayment for Financial Losses

The damages that are most easily valued are your financial losses, also known as economic damages. These essentially consist of every loss that will hurt your wallet, including the costs of car repairs, the price of buying a new car if yours was totaled, the money you lost from being out of work, and the damage to your earning capacity if you have suffered a permanently disabling condition.

Once we have a total value for your financial losses, we will move on to determine the other ways your life has been negatively impacted by the injuries you sustained in the wreck.

Valuation of Your Non-Economic Losses

Placing a monetary value on the non-financial ways your life has been affected can prove to be far more challenging than your standard economic damages tally. However, because these nonmonetary damages are often significantly more impactful than the financial costs, they should be taken just as seriously.

Your attorney will review these non-economic damages in great detail and might include your pain and suffering and your psychological distress, as well as include repayment for your inability to continue doing hobbies you love, maintain your household, or preserve relationships with your spouse and other family members.

There are several non-economic damages not listed here that you may qualify for, which is why it’s important that you retain a seasoned car accident lawyer in Tennessee who can fight for the maximum compensation you deserve.

Speak with a TN Car Crash Attorney

If you’d like to learn more about what damages you’re entitled to for the losses you suffered when struck by another, you can get in touch with a TN car crash attorney at Raybin & Weissman, P.C.

We provide auto wreck survivors across the state with free claim reviews. You can take advantage of this opportunity by calling our office at 615-256-6666 or by filling out the quick contact form provided on this page.