Ifyou have been injured via a slip and fall, automobile, work or sports-related incident, and/or any other kind of circumstance, you might be wondering “how much is potentially worth?” my case This is a frequent question for injured individuals to ask, especially when your injuries are significant and the bills are mounting. Sometimes the answer is not clear cut. Each case is assessed on an individual basis and damages must be determined.
In order to determine damages, several factors will be analyzed. The main issues at hand are what have your sport injury cost you physically, mentally, and financially, as well as how much punitive damages might be involved (e.g. whether the conduct of the people and/or company responsible for your injuries should be punished).
These compensatory awards are intended to help make the injured person’s life easier from a financial perspective, at least to a certain extent. While some aspects are relatively easy to assign a dollar figure to (e.g. payment and/or reimbursement for medical bills, property damage, etc.), other aspects of these claims might be harder to place a monetary value on (e.g. pain and suffering, physical limitations that inhibit daily life activities, emotional ramifications caused by lingering accident-related injuries, etc.). To better understand how much your personal injury case is worth, here are the different factors that should be considered when determining the value of your claim.
Medical Treatment–This includes the cost of medical care associated with your accident. This amount not only involves payment for treatment an injured person has already received, but it should also provide an estimation of future health care costs for your accident-related injuries.
Income–This type of claim should take into account payment of lost wages. This is not only the wages lost to date, but it also involves the impact of the accident on your future earnings. This is referred to as an injured claimant’s “loss of earning capacity.”
Pain and Suffering–This is the payment an injured party is awarded for the pain and suffering endured at the time of the incident and its immediate aftermath, as well as any ongoing pain that can be attributed to the accident.
Emotional Distress–These awards are intended to compensate an injured person for the psychological impact of the event (e.g. sleep disturbances, fear, anxiety, etc.). Awards of this nature are reserved for more serious accidents and can be considered part of any “pain and suffering” compensation awarded in such a claim.
Loss of Consortium–This aspect refers to the impact of the injuries on an injured person’s romantic and family interactions.
Loss of Enjoyment–This award could be sought when injuries prevent a claimant from performing daily activities and pursuits they have enjoyed for many years (e.g. hobbies, exercise, etc.).
Property Loss–If an injured individual suffered the loss of their clothing, vehicle, or other property items as a result of the event, they will likely be compensated for repairs and/or reimbursed for replacement of the items that were lost or damaged via the accident.
Damages are ultimately determined one of two ways. They are agreed on via an out-of-court settlement, which is negotiated among the injured parties, their attorneys, and/or insurance carrier(s), or the case might reach its conclusion following a court trial. If a trial occurs, the reward is generally determined via the judge and/or jury.