Typical Auto Accident Settlement
Although each car accident is unique, common elements exist that are found in most auto accident settlements. In the aftermath of a car accident, you need to understand the basics of a car accident settlement.
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Damage to Car
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A major element of an auto accident settlement is compensation for the cost to replace or repair your automobile. The laws in most states permit a car owner to select a body shop of his choice, if the car can be repaired. Insurance policies differ as to how many estimates need to be obtained. For example, oftentimes an insurance company maintains a claim center where an estimate is made of damage and loss. You can obtain an independent estimate as well.
Personal Injury
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The typical car accident settlement includes reimbursement for any personal injury sustained. Compensation through a settlement includes payment for medical bills, pain and suffering, and for any permanent disability arising from the accident.
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Lost Wages
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If you lose wages as a result of a car accident, the automobile accident settlement provides compensation for this lost income. You are entitled to full reimbursement for all lost wages for the entire time you cannot work, due to injuries from the accident.
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