When you’ve been injured in an accident, the last thing on your mind is calculating how much money you can expect from a personal injury claim. You’re likely dealing with a lot of pain and stress over what has happened to you.
But understanding how much compensation you can expect may give you some peace of mind about your case.
In this article, we’ll explain various factors that will affect how much compensation you’ll receive for your personal injury case. If you have more questions, be sure to contact The Jones Firm. We’ll help you get the compensation that you deserve.
Damages are typically divided into two categories: economic and non-economic.
Economic damages are intended to compensate you for measurable expenses, such as medical bills and lost wages. Non-economic damages are more subjective and are meant to compensate you for non-physical losses, such as pain and suffering.
When calculating economic damages, you must provide evidence of the financial costs incurred due to the injury. This can include medical bills, lost wages, and receipts for out-of-pocket expenses, such as transportation and childcare costs. You must also provide evidence of the financial losses likely to be incurred in the future, such as future medical bills, lost wages, and decreased earning capacity.
Non-economic damages include compensation for physical and emotional pain and suffering, loss of enjoyment of life, and mental anguish. Factors to be considered when calculating non-economic damages may include your age, the duration of the injury, and the impact of the injury on your life.
You may also be entitled to punitive damages. Punitive damages are intended to punish the wrongdoer and prevent them from acting similarly in the future. Punitive damages are typically awarded in cases where the wrongdoer acted with malice or gross negligence.
It’s also important to note that there are several factors that can affect your settlement amount.
Some factors can include:
Due to all of these components, it can be difficult to determine a common settlement amount for personal injury cases.
Personal injury lawyers can provide expert advice and legal representation on your behalf if you have been injured in an accident due to someone else’s negligence. A good lawyer will help you determine the amount of compensation you should seek based on factors like medical expenses, lost wages, pain and suffering, and other damages.
Not only can a lawyer help you calculate your damages, but they will also ensure that you’re properly compensated.
For example, they will gather evidence, talk with witnesses, and negotiate with the insurance company for you. If the insurance company fails to give you a satisfactory settlement amount, your lawyer will represent you in a lawsuit.
Ultimately, the value of a personal injury claim is determined by the facts of the case.
However, it is important to note that the worth of a personal injury claim can be impacted by the severity of the injury, the number of medical expenses incurred, and the degree of fault of the individual or entity responsible for the injury. It is important to consult with an experienced personal injury attorney to assess your case and determine the value of your claim.
The Jones Law Firm can help you calculate your losses and ensure that you get fair compensation for your damages. Call us today to schedule a free case review.