Common Types of Compensation After an Accident

When you suffer injuries in an accident, Albuquerque personal injury attorney, Edward Chavez, Jr. helps you get the compensation you need to recover.

Accidents happen due to a variety of causes and can leave you suffering serious personal injuries as a result. In many cases, the reckless actions of others are ultimately to blame. In this situation, you may be entitled to compensation either through an insurance claim or a personal injury lawsuit. As an experienced Albuquerque personal injury attorney, Ed Chavez, Jr. acts as a strong legal advocate on your side. He provides the trusted guidance and professional legal representation you need to get the maximum amount of compensation you are entitled to in your claim. 

Seeking Compensation for Your Injuries

When any type of accident happens, even if it appears minor, it is important to notify the proper authorities at once and to seek immediate attention immediately for possible injuries. Failure to take either of these actions could impact your rights when filing a personal injury claim. Depending on the situation, you have two options in seeking compensation: 

According to reports by the National Safety Council (NSC), the average amount of economic costs victims suffer as a result of accidents is anywhere between $25,000 and $90,000, depending on the severity of the injuries. This is the amount insurers will likely use in determining a settlement. However, the NSC estimated that the comprehensive costs resulting from an accident are more likely to total anywhere between $300,000 and $1 million or more. 

Get the Compensation You Need to Recover

When dealing with insurance companies, it is important to remember they are a for-profit business. As such, they have little financial motivation for approving your claim. Even if they do offer a settlement, it is unlikely to reimburse you for the total amount of damages you suffer.

Under the New Mexico Statutes, accident victims are entitled to additional amounts of compensation not available through an insurance claim to cover both their current expenses and any future damages they are likely to suffer. These include:

Get Albuquerque Personal Injury Attorney Ed Chavez, Jr. on Your Side

Insurance companies have teams of representatives on their side, trying to convince you to settle for less than what you are entitled to in a claim. Get Albuquerque personal injury attorney Ed Chavez, Jr. on yours. Remember, you have only one chance to get the compensation you need to recover after an accident. To ensure you receive the maximum amount you are entitled to, contact the Law Offices of Edward Chavez, Jr. and request a consultation today.