Common Recoverable Losses in Personal Injury Cases
If you file a personal injury lawsuit, you could receive money for a variety of damages associated with your accident. By understanding the common types of recoverable losses in personal injury cases, you may better understand how much money you could get for your claim. All of the following are potential damages for your personal injury lawsuit:
Lost Wages
Most people who experience serious injuries are eligible to recover lost earnings. In some cases, the missed wages only amount to a few weeks of earnings. But a severe injury could prevent you from working for months or even years. You could seek to recover all of your lost wages for the past and future.
Lost Earning Capacity
A permanent injury may prevent you from ever working in your chosen career, or it could make you less productive. In either scenario, you could have a decreased earning capacity. Much like you can recover lost wages, you may also recover the money you lost from your decreased earning capacity.
Medical Bills
One of the most significant financial losses you're likely to suffer after your accident are payments for medical bills. Emergency room visits, surgery, and diagnostic procedures all come at a cost. Even if you have excellent insurance coverage, you may be left with mountains of medical bills.
You are eligible to recover losses for your medical expenses, which includes prescription medication and rehabilitative therapy. If you will need future medical treatment, you may receive money for your future expenses as well.
Pain and Suffering
Every injury results in pain and suffering, but some are more extreme than others. While no amount of money can take away from your pain and suffering, compensation will help you move forward.
To determine the extent of your pain and suffering, you need to consider the severity of your injury. Will it prevent you from caring for your family or enjoying your favorite hobby? Injuries that require amputations or cause disfigurement are particularly life-altering and result in high payouts from personal injury lawsuits.
Wrongful Death Damages
A personal injury accident could end with the death of a loved one. If you lost someone because of negligence, you can seek wrongful death damages. In addition to recovering money for their funeral and burial expenses, you may also receive money for lost companionship, loss of financial support, and more.
What Will Your Damages Be?
Because every personal injury claim is unique, it's difficult to say how much money you will receive for your claim. Your lawyer will calculate your damages and tell the other party how much money you need to recover. However, the other party may not agree to those damages. Typically, your attorney needs to negotiate to get you a fair offer.
If the negotiations are unsuccessful, your case will go to trial. But this is not the norm, as most personal injury claims are resolved out of the courtroom. In the rare case that your claim goes to trial, it's up to your attorney to prove that you deserve the amount of damages for which you're asking.
With the median household income of a Broward County resident at $54,895, there are many residents who cannot handle the financial strain of a personal injury accident. Friedland & Associates is ready to take on your case and fight for you to recover losses for your accident.
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