Even small car accidents can be costly and frustrating. With a two-year filing deadline for car accident claims in Kentucky and the “pure comparative fault” rule in effect, financial recovery is feasible with legal consultation even if the accident was partially one’s fault.
Car accidents are common in Kentucky, ranging from minor fender benders to more catastrophic collisions such as head-on collisions, rear-end collisions, and intersection crashes. Accidents, regardless of their nature, can cause severe harm, allowing you to seek justice through personal injury lawsuits for compensation to offset the resulting damages.
The settlement value of your compensation:
After understanding the critical rules, the focus frequently switches to the settlement’s value. In car accidents, money is important to ensure recovery. A settlement is difficult to calculate since it takes into account elements such as medical expenditures, property damage, lost pay, and intangibles such as pain, suffering, and emotional anguish.
The pure comparative fault principle in Kentucky affects settlement compensation based on your blame percentage. For example, if you were found to be 20% at fault in a $100,000 lawsuit, your compensation would be reduced to $80,000.
Your compensation includes non-economic features such as pain, suffering, scarring, disfigurement, depression, and loss of life enjoyment, in addition to economic damages such as medical costs and lost wages. These are quantified using sophisticated calculations and multipliers that change depending on the severity of your pain and damages.
In most circumstances, you will not need to go to court to settle a car accident. As around 98% of cases are settled outside of court owing to cost and time constraints. Typically, settling takes less than six months, ensuring a rather quick procedure.
Statute of limitations:
The statute of limitations for car accidents in Kentucky is two years from the accident or the latest no-fault medical payment. Cases of wrongful death owing to carelessness must be filed within one year after the victim’s death. Because establishing negligence can be difficult, hiring a personal injury attorney can improve your prospects of receiving timely and total compensation. For best success, consult an attorney and file as soon as possible.
Final thoughts:
Following a major car accident, it is critical to seek appropriate compensation. Since each case is unique, you should get in touch with a lawyer in your area for advice on your case and how you should approach the lawsuit.