How Much Is My Little Rock Car Accident Worth?

By Bailey & Greer, PLLC | February 7, 2024

How Much Is My Little Rock Car Accident Worth?The determination of how much a car accident is worth in Little Rock depends on a number of factors and a key focus on the losses a person suffers. Under the law, the goal is to make the victim “whole” again, but it is not always possible to do that in the most physical sense. As a result, at Bailey & Greer PLLC, we work hard to show what our clients’ losses are and why they deserve fair compensation.

What factors determine car accident damages?

As your Little Rock car accident attorneys, we take the time to evaluate each aspect of your case to determine what occurred, who was responsible, and what damages you suffered. Every case is very different, but some of the most common losses fall into two key areas.

Economic losses in a car accident

These are the types of accident losses you may suffer that are rather easier to document, often because you can show proof of what you lost. Economic losses are often the most obvious losses and include:

  • Lost time at work
  • Emergency medical bills
  • Property damage and loss
  • Ongoing medical care
  • Changes to your home to accommodate mobility issues

Economic losses are a core component of the losses you have, and you should be able to calculate the value of this component of your loss by adding up those costs. However, it is a big mistake to assume that is all your case is worth as, in most situations, it will be worth much more due to the impact this incident has had (and will have) on your life.

Non-economic losses in a car accident

Non-economic losses are more complex in that they are harder to calculate. Our car accident attorneys will work closely with you to better understand what these are and then use our calculations and methods to determine the value. Often, we can use cases like yours that have already been settled in a court of law to demonstrate a monetary value for these types of losses. Some examples include:

  • Pain and suffering
  • Emotional trauma and mental anguish
  • Loss of consortium
  • Loss of earning capacity
  • Loss of life expectancy

To determine this, we need to look at all of the information that shows us, beyond a doubt, how this accident impacted your life. This is where our investigative skills and dedication to our clients’ best outcomes come into play. As highly skilled Little Rock car accident attorneys, we will gather information from medical experts, family and friends, individuals who work with you, and others to get a better idea of what these losses may be.

Wrongful death claims are more complex

In 2021, 693 people died in a fatal car accident in Arkansas, according to the Insurance Institute for Highway Safety. If your immediate family member died, you may be owed compensation if you were dependent on them for financial support or other forms of support via a wrongful death claim. Keep in mind that the estate may also be owed funds based on the losses suffered. This could include losses related to medical bills at the end of life as well as funeral and burial costs.

Factors that make estimating your losses challenging

As experienced attorneys, we have worked with many clients over the years who need support in determining what all of their losses are. There are several ways we can gather key information.

Understanding the impact this accident will have on your future

At the core of what we need to know is how to determine the impact of this accident on your life. To do that, we may look at:

  • Your ability to work with the current condition
  • How much your injury may improve over time or if it is no longer improving
  • The amount of impact this incident has on your relationships
  • How the incident has impacted your ability to do things you enjoy and loved to do
  • How much pain, as well as the severity, do you have on a daily basis?

We talk to medical experts to get a good understanding of your prognosis, including how this incident may impact your life expectancy if you could recover fully and how it could impact your future quality of life. For example, for someone with burn injuries, infection is a very real concern. There may also be the need to seek out financial support for reconstructive surgery.

Why having a car accident attorney in Little Rock makes the difference

By working with our car accident attorneys, we can provide you with more of the support you need to determine the true value of your case. We dig deep, including gathering information from witnesses, talking to multiple victims like you, and discussing your case with you openly and frankly. We know this is not easy to do, but we need to have a good understanding of the losses you have.

Then, we fight for you. Insurance companies will do all they can to minimize the compensation paid to you. It is our job to help determine what your losses are, provide the evidence to support those claims to the insurance company, and then work hard to defend your right to full and fair compensation. If the insurance company needs more information or denies your claim for any reason, we will work with you and them to find a solution.

We do not advise our clients to negotiate with insurance companies without our support. If you say something that could be misconstrued in any way or used against you, they will do so, and that will lead to a loss of damages that you are owed. We encourage you, then, to let us fight for you every step of the way to maximize your compensation.

At Bailey & Greer PLLC, our car accident attorneys in Little Rock are ready to answer your questions and, in many cases, provide you with detailed insight into how much your accident may be worth. We have helped recover millions of dollars for our clients. We will work to pursue maximum compensation for you as well. Call our office or submit our contact form to schedule a free consultation today.

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Posted in Car Accident