How Much is My Personal Injury Claim Worth?
Determining how much your personal injury claim is worth can be a difficult undertaking. No two cases are alike and numerous factors are taken into consideration. Ultimately, however, it depends on how much physical, mental, and financial damages the victim suffered. Some cases also involve punitive damages, which are assessed according to the at-fault party’s behavior—such as whether the party was grossly negligent or acted willfully.
Damages are typically compensatory in nature, which means they aim to provide the victim with compensation or reimbursement for what he or she lost because of the injury or accident.
Examples of common damages in a personal injury claim are:
MEDICAL COSTS
This covers all medical care expenses resulting from the accident, as well as the approximate cost of current or lifetime treatment if necessary.
LOSS OF INCOME
Compensation is not only awarded to victims who have missed work and failed to earn income because of the accident, but also pertains to future earnings lost. Compensation is also obligatory if the victim’s opportunity for career advancement has been affected, or if he or she is no longer able to perform his or her job.
PROPERTY DAMAGE
This refers to the cost of repair or even replacement of any cars or belongings damaged or lost because of the accident.
PAIN AND SUFFERING
This refers to compensation given to victims who have suffered pain and are enduring ongoing suffering because of their accident or injury.
EMOTIONAL DISTRESS
Compensation may be given to victims who sustained psychological damages because of the injury or accident, such as loss of sleep, fear, and anxiety.
LOSS OF ENJOYMENT
This refers to damages awarded if the victim is unable to engage in his or her hobbies, activities, or interests because of the injury or accident.
LOSS OF CONSORTIUM
Damages may be awarded if the injury or accident has also affected the relationship of the victim with a loved one or spouse.
A competent personal injury attorney knows how to evaluate how much your case is worth. To discuss your case, call us today.
Call (312) 854-7868 or Fill Out the Form for a Free Case Evaluation