How to Calculate a Personal Injury Settlement

When you’re hurt because someone else was careless, you may be due compensation for your injuries. But your personal injury settlement may not be easy to determine. You’re already juggling your injuries and your recovery, so how are you supposed to determine what your claim is worth?

After an injury, you need to know what your claim is worth before make a claim. If you’re not sure, your dedicated personal injury lawyer can help you get answers and recover compensation. Below are some of the steps to your personal injury settlement.

Add Up Your Economic Damages

If you’ve been hurt in an accident, your first concern may be the financial losses you’ve suffered because of your accident. The economic impacts of your injury, can be complex and cover a long period of time.

For example, you suffered a spinal cord injury. You may have accounted for the costs of your initial medical care. But your medical needs wont stop there. You may need medical care for years following a spinal cord injury. Because of this, you may need a personal injury lawyer to help you calculate the value of your claim.

Calculate Your Pain and Suffering

Your losses may go beyond the financial costs of your injuries. For example, you may have experienced intangible losses like pain and suffering or emotional trauma. These losses are intangible, which makes it difficult to quantity their resulting compensation.

The good news is, your lawyer can help you calculate the value of your claim reflective of all the ways your life was negatively affected by the accident. 

Eligibility for Punitive Damages

When someone else is responsible for your suffering, they may have done so with intenion. In these cases, you may be due punitive damages.

Punitive damages are offered when the at-fault party does something especially reckless or intentionally harmful. But these damages aren’t meant to cover the losses you’ve suffered. These damages are meant to punish the wrongdoer. The theory is, if the at-fault party has to face penalties for their carelessness, they’re less likely to act so dangerously.

But punitive damages aren’t easy to calculate. If you think you have a chance to get punitive damages, talk to your lawyer about your claim.

Talk with a Personal Injury Lawyer

When you’re hurt in a serious accident, compensation may be vital for your recovery. The problem is, it can be difficult to quantify what your claim is worth and to receive the full amount. 

If you’ve been injured in a personal injury lawsuit, your lawyer at the Henry Dailey Law Firm can help you get the maximum compensation you’re due for your claim. They will handle the details, while you focus on your recovery. Your lawyer can even begin with a free consultation, so you know what to expect before you file. Give us a call at 205-995-2412 or complete the online contact form below to learn more.