Recovering Your Costs: Medical Bills are not the Only Wolves Howling after an Accident

If you are a victim of an accident, it is imperative to understand the different kind of damages awarded and how these are to be valued. In most cases, victims of injury accept settlement offers without knowing what their actual claims are, leaving them with inadequate compensation since the amount they received is lower and cannot make up for their pain and suffering. Valuing claims of injury in the right manner can require the assistance of claim valuation professionals who work hand in hand with your personal attorney.

Income Losses

When the victims of an accident are no longer able to work either permanently or temporarily, they can be awarded damages for their loss of income. Calculating the loss of income since the period of the accident is usually a straightforward process.  If you are left disabled permanently, the calculation for the reduction in earning capacity or the expected income losses can be complicated, and various techniques such as life expectancy, the use of tables, and damages formulas may be applicable. Your experienced legal car accident lawyer will work with a network of other professionals to determine your earning losses and complex future wages.

Pain and Suffering

In other cases, injuries from car accidents can be more profound than you may imagine. If the accident led to the loss of a loved one, permanent disfigurement, or caused permanent disability, the victim of the crash can claim damages for the losses (economic losses) associated with the crash. Apart from that, the victim may also be compensated for non-economic damages. These include aspects such as reduced earning capacity, and reduced ability to enjoy life.

Loss of Consortium

If the accident leaves you suffering a disabling condition that prevents you from engaging in a relationship you previously enjoyed, your spouse or relatives can file a claim for the loss of consortium. Nevertheless, as the victim of the accident, you’ll only be in a position to recover compensation if you prevail in your personal injury claim since the loss of consortium is a derivative of the claim to personal injury.

Wrongful Death

For accidents that result in fatalities, relatives of the deceased may recover additional damages which include the expenses that were incurred during burial and funeral. The damages may also involve the pain and suffering which the bereaved have experienced before the victim succumbed to their injuries, the medical expenses they incurred while the victim was being treated, the loss of affection, and the loss of love. An experienced lawyer can advise family members about the various kinds of damages they may recover in claims involving wrongful death.

If you or your loved one is a victim of a car accident, you do not need to fight the compensation alone. It is always advisable to seek legal assistance before you can accept any form of settlement. With an experienced personal injury attorney, you’ll be in a position to get the right value for your compensation. You may be surprised the amount you receive as damages is more than what you had anticipated.

 

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