Being involved in a vehicle accident can be an incredibly terrifying and stressful experience, particularly for those who sustain an injury or experience significant property damage. Any person injured in a car crash caused by the careless or negligent actions of another driver should be entitled to various types of compensation for their losses. However, securing this compensation can be difficult, particularly when going up against aggressive insurance carriers. Here, the team at Williams & Cannon, PLLC wants to specifically discuss the types of compensation that car accident victims may be entitled to.
Economic compensation following a car accident is also referred to as “special damages.” When any type of car accident occurs, victims will likely experience some sort of monetary loss that is relatively easy to calculate by adding up any bills or receipts that come in following the incident.
Some of the most common types of economic compensation that crash victims can recover include the following:
Non-economic compensation following a car accident is also referred to as “general damages.” This type of compensation is much harder to calculate because these losses are relatively immeasurable. We say immeasurable because there are no actual bills or receipts that can be gathered and add it up to reach a non-economic compensation total.
Some of the most common types of non-economic compensation that crash victims can recover include the following:
When working to assign a value to non-economic compensation following a crash, a car accident attorney will often use a multiplier method. This means that they will take the total reached for economic compensation and then multiply that by a set number (usually a number ranging from 1.5 to 5). For example, if a person sustained a total of $100,000 in economic damages after a crash, an attorney may use a multiplier of three to reach a non-economic total of $300,000.
If you or somebody you care about has been injured in a car accident caused by the negligent actions of another driver in the Dallas area, reach out to the team at Williams & Cannon, PLLC today. Our attorneys have a track record of success helping vehicle accident victims throughout Texas recover the compensation they need, and we are not afraid to stand up to aggressive insurance carriers. If necessary, we will take your case all the way to the trial. When you need a Dallas car accident attorney, you can contact us for a free consultation of your case by clicking here or by calling us at 214-295-2900.