Personal Injury Claim Damages – How To Value

Personal Injury

In personal injury lawsuits, damages are always calculated. In some cases, it is very easy to calculate amounts. This is always the case with economic damages since there are several documents that can prove them. When referring to non-economic damages though, things can become complicated very fast.

In the event that during an accident that was not your fault you suffered a permanent impairment or a disability, permanent injury attorneys like injury lawyer Natick MA will retain economists, medical experts, and several other experts. This is done in order to value the future damages you will need to deal with.

Economic Damages

Economic damages are all about a total of all the losses and the expenses that were associated with the case. Your insurance company will surely argue several things. It will want to argue if specific expenses were reasonable and necessary. As a result, it is very important for you to have detailed documents that would justify every single loss or expense.

Non-Economic Damages

With non-economic damages, it is very difficult to value them. This is because putting a price on the pain and suffering of a person is obviously very difficult. The good news is that an experienced personal injury attorney always understands how to use case facts in order to maximize the damages for pain and suffering.

One great thing you could do is to keep a journal that would detail all pain and suffering you experienced. In this journal, make sure to note down pain levels every single day. Then, add how the injuries impacted what you do on a daily basis. Add details about emotional states, which should include periods of anxiety, depression, stress, and panic attacks.

Always report all emotional distress you feel to the physician. This is very important because it will allow them to give you treatment. Also, all conditions you suffer from will be documented inside the medical records you will then present to the insurance company. Remember that you always want to receive all damages, including financial damages and damages for pain and suffering. The medical records will help your claim.

What Impacts Personal Injury Claim Value?

Several factors can affect the money that you will receive during the personal injury claim. As a very simple example, in the event that you have partial fault, compensations will be lower. This is done based on what percentage of fault will be assigned to you by the insurance company. Obviously, it is possible to fight the assessment.

When you suffered because of severe injuries, the personal injury claim’s value can easily increase. Permanent disabilities and impairments will increase values.

The other factors that will affect the value of the personal injury claim might be:

  • Personal injury case type.
  • How many parties were involved.
  • Insurance policy limits.
  • Recovery duration.
  • Financial damages.

Last but not least, if you hire a personal injury attorney, you will actually receive more during the personal injury claim process. This is because insurance companies will always take advantage of the victim’s lack of knowledge about personal injury law. They will not try to do something that would not be fair.

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