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How to Calculate a Car Accident Settlement in Colorado

When you’ve gone through a car accident in Colorado and you’re preparing to take legal action, it can be difficult to know how much your claim is worth. Understanding how to calculate your car accident settlement is essential because you must negotiate for the amount you deserve in court. Your car accident settlement will comprise the losses you’ve suffered, as well as your percentage of fault.

At Justice for Colorado, we’re experienced in calculating and maximizing settlements. A Denver car accident lawyer from our team can assess your accident and use evidence to account for your losses. If you shared a percentage of fault, we can work to downplay it by identifying all other liable parties in your wreck.

Account for Your Financial Losses

Financial losses are usually the most prominent piece of a car accident settlement. If you were injured in your accident, these losses may comprise medical expenses and lost income from taking time away from work. You may also have property damage after your wreck.

Assess Your Nonfinancial Losses

Nonfinancial losses after a car accident will comprise ways in which the accident affected your overall lifestyle. Although these losses don’t have direct monetary value, your attorney will suggest values for these losses based on the severity of each. Your nonfinancial losses may include pain and suffering, loss of enjoyment of life, emotional distress, scarring and disfigurement, loss of consortium, and more.

Consider Whether You Shared Fault

After knowing the value of all your losses, you must consider whether you shared fault in your Colorado collision. If you did, the court will deduct this percentage of fault from your overall settlement because of Colorado’s comparative negligence law.

Speak with a Denver Car Accident Attorney

If you need help calculating your car accident settlement, an experienced injury attorney can make the process easier. To discuss the details of your claim with a Denver car accident lawyer from Justice for Colorado, fill out the contact form below or call 303-647-9691 to schedule a free consultation.

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