Personal Injury Lawsuits: Calculating What You’re Owed

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Being injured in an accident isn’t easy to handle. Depending on how serious your injuries were, you could be facing a significant amount of time out of work, permanent disability, and psychological trauma that is difficult to overcome.

Thankfully, when someone else is responsible for causing the accident you were involved in, you will have the opportunity to file a claim in civil court against them that will allow you to seek compensation for your damages. Below, we discuss what losses can be included in your claim and how an attorney will calculate just how much your case is worth.

The Financial Impact of Your Injuries

Physical and emotional injuries often come with a hefty financial burden. To begin, your lawyer will examine the extent of your economic damages- these are the ones that will directly affect your financial situation.

Such losses will include property damages, like the damage to your vehicle if you were injured in a motor vehicle accident, and the money you lost out on when you couldn’t continue to work while you recovered from your injuries.

In addition, your lawyer will consider the impact your injuries have had on your earning capacity. This might include the loss of bonuses, salary increases, contributions to your retirement savings plan and promotions, to name a few.

Perhaps the most influential area of economic damages is your medical expenses. Even minor injuries are known to rack in substantial medical costs. Some of the different types of medical expenses you’ll need covered are described as follows:

  • Rehabilitative services
  • Hospital bills
  • Ambulance fees
  • Copays
  • Physical and/or occupational therapy
  • Medical equipment
  • Diagnostic imaging
  • Costs of prescription medications
  • Adjustments to your home to accommodate medical equipment

In any case, your lawyers goal will be to take each of these losses and figure out exactly how much they amount to so that you can be repaid for these damages accordingly.

Non-Economic Damages and Your Claim

The other area your lawyer will look at is how your lifestyle and emotional state have been affected by your injuries. This is where damages such as your pain and suffering, loss of enjoyment of life, loss of household services, mental anguish, loss of companionship and love, inconvenience, and the effects of disfigurement or scarring will be considered.

Non-economic damages are more difficult to quantify, as it is much more challenging to place a monetary value on your psychological state. However, these damages are often far more disruptive and life-altering than economic ones, and should therefore be taken just as seriously, if not more so. If you have questions about what non-economic damages will apply to your case, speak with your attorney.

Consult with a Qualified Personal Injury Lawyer

If you’ve been injured in an accident of any kind but aren’t sure how to get the most out of your case, a lawyer can maximize your compensation and help you hold the at-fault party accountable for their actions. Schedule your free consultation with a highly trained personal injury lawyer as soon as possible so that you aren’t made to suffer any more than you already have.

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