Comparative Negligence | A legal concept that apportions fault among involved parties based on their level of responsibility for the accident, potentially reducing the victim’s compensation. |
Contributory Negligence | A legal doctrine in some jurisdictions that bars a plaintiff from recovering damages if they are found to have contributed to the accident in any way. |
Diminished Value | The decrease in a vehicle’s market value after it has been in an accident and repaired. |
Insurance Adjuster | A representative of the insurance company who evaluates claims, investigates accidents, and negotiates settlements with claimants. |
Lost Wages | The income that a victim is unable to earn due to injuries sustained in an accident, both past and future. |
Medical Expenses | The costs associated with medical treatments, therapies, and medications necessary for a victim’s recovery following an accident. |
Pain and Suffering | Non-economic damages representing the physical and emotional distress a victim experiences due to injuries sustained in an accident. |
Personal Injury Protection (PIP) | A type of insurance coverage that provides benefits for medical expenses and lost wages, regardless of fault, in no-fault insurance jurisdictions. |
Property Damage | The damage sustained by a victim’s personal property (such as a vehicle) during an accident, for which they may seek compensation. |
Statute of Limitations | The legally prescribed time limit within which a victim must file a claim or lawsuit following a car accident, which varies by jurisdiction. |
Total Loss | A situation in which the cost of repairing a damaged vehicle exceeds its pre-accident market value, leading to the insurance company declaring the vehicle a total loss. |
Underinsured Motorist Coverage | A type of insurance coverage that protects the policyholder if they are involved in an accident with a driver who has insufficient insurance to cover the damages. |
Uninsured Motorist Coverage | A type of insurance coverage that protects the policyholder if they are involved in an accident with a driver who has no insurance. |
Wrongful Death Claims | A type of claim filed by the surviving family members of a person who died as a result of a car accident, seeking compensation for damages such as funeral expenses and loss of companionship. |