How Much Is My Personal Injury Claim Worth?
Facing the medical bills, property damage, lost wages, and countless other hardships associated with injuries, your chief concern when filing a personal injury claim against the negligent party who caused your injuries is likely the value of your claim.
After all, you’re probably wondering when you’ll be able to get your life and finances back on track.
While every case is different and assessing the exact value of an injury claim is difficult, there are some common damages for which many injury victims are compensated. Understanding these may give you a clearer picture of what you stand to receive if your claim is successful.
The Types of Compensation
There are two basic types of damages involved in personal injury claims: economic damages and non-economic damages.
Economic damages are the hardships associated with your injury that directly affect your wallet. If you can put a price on it relatively easily, it’s likely considered an economic damage.
Economic damages, on the other hand, are impacts of your injury that don’t necessarily have monetary value but make your life harder nonetheless.
Your personal injury lawyer will be able to help you place an appropriate value on all your damages and anticipate the expenses of future care and other hardships.
Any financial impact of your injury can be considered an economic damage. The following are some common economic damages for which personal injury victims receive compensation:
- Any medical expenses incurred by your injuries or the accident, including future medical bills
- Lost wages and inability to work
- Physical therapy or treatment for emotional trauma
- Cost to repair or replace your damaged personal property, including vehicles
- Accommodations to your home and vehicle to make them accessible to you after your injuries
Just because you can’t place a dollar value on a hardship your injury causes you doesn’t mean you shouldn’t be compensated for it if it was someone else’s fault.
The following are some common non-economic damages:
- Pain and suffering
- Emotional distress
- Lost companionship and damage done to your marriage and personal relationships
- Loss of identity associated with a job or career
- Reduced interest in activities you once enjoyed
- Decreased overall quality of life
Seek Out a Personal Injury Lawyer
You shouldn’t settle for less than you deserve, especially after an injury that wasn’t your fault. To team up with a personal injury lawyer who will do what it takes to get you every cent you’re owed, call Siler & Ingber, LLP at 1-516-294-2666 or contact us via the form below.