How Judges Determine Economic Loss in Personal Injury

Knowing how much you have lost due to an injury is incredibly important when you file a personal injury claim. The compensation you are asking for is the total amount of losses, or damages, related to the injury. If your claim goes to court because an insurance company failed to pay, a judge may determine how much your claim is worth based on evidence provided by you. Keeping track of all your bills, statements and wages are crucial in proving how much you deserve. Here’s the most common factors that you can include in your personal injury claim.

Medical Expenses

Medical bills are probably at the top of your list to get compensated for, mainly because they can dig into your wallet the deepest. From the moment you first seek medical attention for your injury, you should start keeping track of medical expenses and statements. If you undergo tests, surgery, physical therapy, or any other form of medical practice to recover, you can claim them when you file.

Wages

If your injury is serious, you may be out of work for a substantial amount of time, which puts you in a financial pinch during an already difficult recovery period. A personal injury claim is meant to relieve this hassle by covering any wages you have lost out on because of the injury. Even those who become permanently disabled and cannot work again can seek compensation for wages they would have received over their lifetime.

Property 

If your property was damaged in an accident that involved your injury, you can request compensation for it as well. For example, if you were in a car accident and your car was damaged, you can ask for the money required to fix or replace it.

Non-Monetary Damages

Non-monetary damages refer to all negatively impactful aspects of an injury that can’t be assessed by monetary worth. This includes pain and suffering, emotional distress, loss of enjoying life, disfigurement, and mental impairment. Just because these factors don’t come with a price tag doesn’t mean they aren’t worth compensation. You may have to fight harder to prove that your claim should include them, but this is worth the effort, especially if your life has been drastically altered by the injury.Fighting for your compensation rights can be a great challenge. If you are trying to hold another party accountable or the insurance company refuses to cooperate, call a personal injury lawyer, like from John K. Zaid & Associates, to see how to get the most out of this unfortunate situation.