Several factors can affect the valuation of an automobile accident in Florida. But since every accident is unique in its way, it is difficult to know the value of a particular case before resolving it.
Factors Influencing Automobile Accident Value
The three factors that influence the value of a Florida car accident include:
• Capital Assets
• Damages
• Liability
Capital Assets
The value of a Florida accident case will be determined by the at-fault party’s capital resources. Before the injured persons in an accident get compensation, the person or company responsible for the accident must pay for adequate insurance coverage. So long as there is uninsured or underinsured motorist cover, the injured party’s only alternative option will be to use their insurance.
Therefore, Florida drivers must have UM policy on their automobiles since they are affordable. When you are involved in an accident, your lawyer will consider this when they evaluate the accident or personal injury claim.
Damages
The nature of the damages incurred is another important factor that will affect the valuation of a car accident in Florida. It is necessary to prove the existence of damages to receive compensation for a personal injury accident.
Damages may be of different types, including; property damage, medical expenditures, lost wages, or pain and suffering. The no-fault laws of Florida apply if the accident involves a motor vehicle, and the wounded party may not be able to sue the at-fault party if there is no evidence of permanent injury. These are important things to consider when assessing the amount of damages in an accident case in Florida.
Liability
When establishing the valuation of an automobile accident in Florida, determining who is liable or to blame is one of the most critical factors. As a comparative fault state, Florida reduces economic and noneconomic damages based on the percentage of fault attributed to each party.
The defendant will be forced to pay half the amount in compensation. This means 50 percent of the fault lies with the victim. Although other factors also affect the compensation amount, these include:
• Whether the victim was wearing a seatbelt or not
• Cases of drunken driving
• Whether the vehicle had some defect at the time of the accident
• Whether the owner of the vehicle was driving at the time of the accident
• Whether the employer is liable for an accident
• Cases of driving while texting or on the phone
• Use of dash cameras or any form of surveillance
• Evidence of a prior criminal conviction
What Can You Obtain Compensation for?
After a car accident, you can obtain compensation for the following expense and losses:
• Medical bills incurred
• Loss in earning capacity
• Deformation, pain, and suffering
It is important to have an attorney assess your case and give their professional opinion. This is because the compensation may not apply to all accident cases.
Conclusion
Accidents happen, and you should not deal with the consequences of someone else’s irresponsible acts alone. Therefore, if you are unsure about the valuation process of an automobile in Florida, please contact us at Ovadia Law Group today for more information.
In case you are involved in an accident in the state of Florida, and you wish to get a free consultation with a competent Florida attorney, contact Ovadia Law Group. We will help you recover the compensation you deserve. We are dedicated to fighting for the rights of our clients.
