When you sustain injuries, one of the most frustrating parts of these matters can be the expenses associated with the harm you’ve endured. Unfortunately, medical care is not cheap, and you may suffer emotionally as a result of the injuries you’ve endured. As such, you should consider filing a claim against the negligent party for compensation. Upon filing, you may wonder how much your personal injury claim is worth. Though each case is different, you can familiarize yourself with the different factors that can influence the outcome of your case. Keep reading to learn more and discover how personal injury attorneys can assist you in these complicated times.
What factors influence how much a personal injury claim is worth?
First and foremost, it’s critical to understand that all personal injury claims are different. As such, there is no definitive answer as to how much your claim will be worth. However, there are many factors involved that will influence the outcome of your case.
Generally, one of the most influential matters is the severity of the injuries you have endured. Typically, the more severe your injuries are, the more your claim will be worth to compensate you for medical bills and other healthcare expenses. This includes physical therapy or rehabilitation, medication, and medical equipment you require because of the injuries.
In addition to your medical bills, you must also consider how much time from work you missed. If you had to take time off, could only return to work in a reduced capacity, needed to switch roles in your company, or cannot return to work, you can seek compensation for your lost wages.
Other factors that will influence your case include future medical expenses, property damage, pain and suffering, loss of enjoyment of life, and humiliation, amongst other considerations.
How are these calculated?
In some instances, quantifiable damages like medical bills are added to produce a cost. However, things like lost wages can be challenging, as you’ll need to consider what would have happened if you weren’t injured. As such, you may need expert witnesses to testify on your behalf, including medical experts who can speak to the limitations of your injuries and an accountant or financial expert who can help calculate these losses.
Additionally, calculating non-economic damages can be difficult, as these are subjected. Typically, these are calculated using the multiplier method. Essentially, this rates the value of your suffering on a scale of 1-5, and multiples your economic damages by this amount.
As you can see, trying to determine how much your personal injury claim is worth can be incredibly challenging. That is why it’s in your best interest to connect with an experienced attorney from Friedman Schuman Layser . Our team understands how devastating these matters can be, which is why our firm is here to fight for the justice you deserve. Connect with us today to learn more about these matters.
