Motor vehicle accidents are one of the most common ways people suffer injuries in Roswell and across the state of Georgia. When you are not responsible for causing your injuries, you can hold the liable party accountable and recover compensation for your damages.
However, the car accident claims process can often be complex and drawn out. While you are waiting for your case to settle, your family may continue to struggle financially. However, when you contact Silver Dollar Financial to discuss our Roswell car accident loans, you can find out whether financial relief is on the horizon.
What Is Your Car Accident Settlement Worth?
After suffering critical injuries in a car accident in Roswell, it is normal to wonder how much you could be awarded if you decided to move forward with your car accident insurance or civil claim. To accurately calculate the value of your damages, your lawyer will need to separate your losses into categories known as economic damages and non-economic damages.
Economic damages are also commonly referred to as special damages. When your life has been substantially affected financially by your car accident, economic losses are recoverable.
Economic damages can take many forms, including any out-of-pocket expenses, bills, outstanding debts, and other financial losses. Some examples of economic damages you could sue for after a car accident in Roswell include:
- The costs of your vehicle repairs or purchasing a new vehicle
- Your current medical expenses, equipment fees, and any future medical care
- The value of your co-pays, ambulance bills, transportation fees, and other out-of-pocket medical costs
- Your loss of income and reduced earning potential, including increases to your salary, paid time off, and contributions to your retirement savings plans
- Loss of household services
Also commonly known as general damages, non-economic damages are just as valuable as economic damages. Although non-economic damages do not have financial worth, since they affect your life profoundly, they are often considered extremely valuable.
To ensure you are compensated fairly for your non-economic damages, it is important to ensure you go over every way you have been affected by your car accident injuries and the collision itself.
Examples of non-economic damages that could be recovered following a Roswell car accident include:
- Reputational damage
- Inconvenience and embarrassment
- Indignity, shame, and humiliation
- Pain and suffering
- Mental anguish and emotional distress
- Loss of consortium
- Reduced quality of life
- Disfigurement and skin scarring
Not every car accident claim will result in an award of punitive damages. In fact, punitive damages are rarely awarded in car accident claims. For the court to find it appropriate to award punitive damages, they will need to believe that the defendant’s actions were grossly negligent or intolerable in some way.
Oftentimes punitive damages are only awarded as a way for the court system to punish the defendant and ensure they are held accountable to the fullest extent of the law.
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How Are You Going to Be Compensated?
You could receive compensation for your car accident damages in multiple ways. Generally, you can receive certain types and amounts of damages when you file a claim with your insurance company, or that is a liable party. It may not be in your best interests to file a claim with your own insurer, even if you did purchase personal injury protection (PIP) coverage, as this could increase your own insurance rates.
However, since insurance settlements are rarely enough to meet a car accident victim’s needs, you should also be prepared to file a lawsuit. When you go to court, there are no restrictions on the types and amounts of compensation you can be awarded because you have the right to be compensated for every loss.
Receiving Your Car Accident Settlement in Roswell
Many people are surprised at how long it takes to receive their Roswell car accident settlement. It could be months or years before your insurance negotiations or civil case are resolved. From there, the defendant will have up to 30 days to file an appeal or payout in your case.
This could further delay the payout on your car accident settlement. Unfortunately, this means it could be a considerable amount of time before you have access to the compensation and benefits that are rightfully yours.
What Are Car Accident Lawsuit Loans?
Car accident lawsuit loans are a great opportunity to get ahead and access your car accident pre-settlement funds in advance. After everything you have been through, having to wait for your court case or insurance settlement to be resolved can be painstaking. Fortunately, by getting approved for a car accident lawsuit loan, you can now tap into your funds to cover your costs and start to get back on track.
Car accident lawsuit loans are unlike traditional bank loans, where you need a source of income and excellent credit. There are no high interest rates and no compound interest. You do not have to worry about Silver Dollar Financial attempting to recover your lawsuit loan if your attorney does not win your case because car accident lawsuit loans are non-recourse. In this way, this could be your best opportunity to get the financial help you need risk-free.
Apply Now for Pre-Settlement Funding
Call Silver Dollar Financial to Apply for Car Accident Legal Funding in Roswell
Accessing your car accident settlement funds in advance could be the best option if your family has trouble making ends meet. You can begin rebuilding your life when you contact Silver Dollar Financial for Roswell car accident loans.
Find out whether you qualify and how much you could be authorized in pre-settlement funding when you apply now, call our office, or complete our convenient contact form.