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To approximate the value of loss for crashes in car accidents, several factors are considered, including medical expenses for injuries, property damage costs, lost wages due to inability to work, and long-term care needs. Additionally, non-economic damages such as pain and suffering, emotional distress, and loss of companionship may be assessed. Insurance coverage limits and liability determinations also play a crucial role in calculating the overall loss value. Finally, local laws and regulations can affect the compensation amounts awarded in such cases.

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