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Motor-vehicle collisions cost the country hundreds of billions of dollars each year in lost productivity, medical expenses, and property damage. At the individual level, a single traffic fatality costs society $1.4 million, while a survivor who sustains critical injuries might cost the nation $1 million. That doesn’t mean, however, that car accident victims are automatically entitled to a seven-figure payout. If you were hurt in a wreck, the potential value of your claim will depend on the circumstances. This is something that always comes up in our attorney-client conversations and it quite often defies an easy answer at the beginning of a case. At Coxwell & Associates, we do the best we can to let a client know upfront what he might be able to recover, but as stated earlier, sometimes you must wait until the client reaches maximum medical recovery. Let’s take a look at some of the biggest factors that influence car accident settlements and verdicts:
- The Severity of the Injuries