HOW MUCH IS MY CAR ACCIDENT WORTH?
Every car accident is going to have a different value based upon the severity of the crash, the amount of property damage and the extent of injuries. There is no standard answer to this question, however the value of your car accident may be broken down into several components. First there is the damage to your vehicle, also known as the collision component of your claim. The amount of the collision claim will vary depending on the amount of damage to your car, or possibly the total loss of the vehicle in which case it will be the market value of the car. Second, you may have a claim for lost wages if you are out of work as a result of your car accident. The dollar value of your lost wages will depend upon how much you normally earn and how much time you are out of work. Third, your claim may include your medical bills, normally paid by your Florida No Fault or PIP insurance, and again this component will also vary depending on the severity of your injuries and the extent of medical care required. Fourth your claim will include a bodily injury component (BI) which includes compensation for pain and suffering, permanent injury, scarring, loss of consortium, travel time to and from the doctor, as well as any necessary future medical care. The total value of the bodily injury portion of your claim will vary depending on the nature and extent of your injuries and medical treatment. The total of all of these components will comprise how much your car accident is worth.