How do I know how much my claim is worth?
People who have been injured in a car accident caused by the negligence of another driver need money, and they oftentimes need it quickly in order to make ends meet. If you’re in this situation, then you’re probably wondering what your personal injury claim is worth. This isn’t always an easy question to answer, but we hope that this post will at least provide you with a little insight.
Types of recoverable damages
To start, it’s important to recognize that there are two types of damages that you may be able to recover in your case. The first are economic damages, such as medical expenses and lost wages, which can be relatively easy to calculate. However, assessing your anticipated economic losses, such as expected medical expenses and lost earnings capacity, can be a little trickier.
Noneconomic damages, such as pain and suffering and loss of enjoyment of life, are often hotly contested because they are so subjective in nature. But here, you can try to figure out your damages by either assigning a daily value to your noneconomic damages and then multiplying that number by the days that it takes for you to recover, or you can multiply your economic injuries by a number that is based on the extent and severity of your injuries.
Determining your damages
So, to determine your damages, you’ll want to gather as much information as possible. This includes obtaining your medical records and bills, your employment records and pay stubs, and any receipts that you have from accident-related expenses. You’ll also want to speak with your medical professional to assess your need for ongoing care and determine how much that care is going to cost. Also, think about how much of your wages you’re going to miss out on by having to take more time off work.
For noneconomic damages, consider keeping a journal about how your injuries have negatively impacted your life. This can provide a daily snapshot into how your harm has affected you and your family. You can also talk to witnesses who can attest to how your life has changed since the accident.
Do you need an attorney on your side?
We know that this post doesn’t give you any concrete answers about how much your claim is worth. But that’s because every case is unique. So, if you’d like to gain a clearer sense of what your personal injury case may be worth, then think about reaching out to a legal professional to discuss the matter further.