If you or somebody you love has been injured in a North Carolina car accident caused by the careless or negligent actions of another driver, you may be entitled to various types of compensation for your losses. The vast majority of vehicle accident claims in NC are resolved through settlements with insurance carriers. However, we know that many people are not aware of what a car accident settlement will entail. Here, we want to discuss the types of compensation you can expect in a settlement as well as whether or not you will have to go to court in these cases.
Type of compensation in a North Carolina car accident settlement
The most important part of a car accident settlement is the compensation that a victim receives. In general, there are two types of damages that crash victims can be awarded in these situations – special damages and general damages.
- Special damages: This is also called economic compensation and refers to the types of losses a crash victim will sustain that are relatively easy to calculate. This can include, but is not limited to, the following:
- Medical bills related to the crash
- Lost income if a victim cannot work
- Property damage expenses
- General household out-of-pocket expenses
- General damages: This is also called non-economic compensation and refers to the types of losses that are more immeasurable following a vehicle accident. There are no bills or receipts that can be added up to adequately measure crash victims:
- Physical pain and suffering
- Emotional distress
- Loss of quality of life
The total amount of compensation awarded in a car accident settlement in North Carolina will vary depending on the facts and circumstances surrounding each particular situation.
What if other injuries arise or more care is needed?
One of the key factors to understand about a car accident settlement is that, after the settlement has been made, there will be no way for a crash victim to go back later and ask for more compensation. If a crash victim discovers, perhaps weeks or months after a settlement has been made, that they have other injuries that they were not aware of, there will be no way to secure more compensation from the insurance carriers or at-fault party. Additionally, there will be no way to ask for more money to pay for ongoing treatment if the injuries were more severe than the victim realized.
That is why it is so important to never settle a car accident claim until after a crash victim has reached what their doctor says is a maximum medical improvement (MMI).
Will you have to go to court?
If your car accident claim in North Carolina is resolved through a settlement with insurance carriers, then you will not go to court over your claim. The vast majority of vehicle accident cases are resolved through settlement with insurance carriers. However, if the insurance carrier refuses to offer a fair settlement amount, it may be necessary to file a personal injury lawsuit.
Contact in North Carolina car accident attorney today
If you or somebody you love has been injured in a vehicle accident in Charlotte or throughout the surrounding areas, reach out to the team at Price Petho & Associates P.L.L.C. for help as soon as possible. We have the resources necessary to fully investigate these claims, determine liability, and recover the compensation you need. Do not hesitate to reach out to our Charlotte car accident attorneys for a free consultation of your case by clicking here or calling 704-850-6322.