Whether you are involved in a car accident, slip and fall, medical malpractice, or any other type of injuries, you will want to know how much worth is the injury case and how much you will get compensated. Well, several factors determine the type of compensation you will get from your case. Some of these factors include the type of injury, the costs of treating injuries, and the time taken to recover. If you suffered injuries due to the negligence of someone, compensation is inevitable. The below factors determine the worth of the injury case.
1. Medical Bills and Costs
The total cost of medication for your injuries greatly determines the type of compensation you will get from the respective insurance company. This cost considers all your present and future healthcare costs and any procedures taken, including surgeries, adaptive medical services, physical therapy, and pain management therapies. The medical costs also consider all the costs involved when visiting the hospital and other expenses incurred along the way. You will have to collect all the receipts from the hospital and other heads to ensure everything gets claimed.
2. Lost Income
Have you worked before the accident? Is your income affected? If the answers to the above questions are yes, you need to incorporate every detail in your compensation claim cost. According to https://www.marksandharrison.com, the patient needs full compensation of their wages if the injuries are permanent. The experts also recommend a percentage to be paid for individuals who used to work full time, but they can’t now due to injuries. Such costs are calculated by subtracting the full salary from what they are getting after the accident. This process is always tricky, and you’ll need a lawyer to guide you over it. Other than the injured person, all their dependents need to be taken into account when filing the claim. This claim comes in handy when they depend on the affected.
3.Pain and Suffering
Any injury, no matter how small it is, comes with pain and suffering. Also known as pain multipliers, pain, and suffering need to be taken into account when filing for compensation. Pain and suffering calculate by taking a designated number multiplied by the actual economic loss to estimate the damages. If you aren’t conversant with the process, seek an attorney’s services or someone familiar with the process before filing for compensation as sometimes processes differ from one case to another. Pain and suffering can also be claimed by dependents when the injured person loses their life. They can file for the deceased’s pain until death and the pain for the loss.
4. Emotions Distress
Other than the physical damages, accidents also cause mental injuries. After an accident, the affected people and their dependents may incur depression, insomnia, post-traumatic stress disorder, anxiety, and other mental issues normally catalyzed by the injuries. When such happens, you are required to include these in your claim. Besides being compensated for physical injuries, loss of income, and pain and suffering, you need to be compensated for the mental injuries. It is not easy to calculate this, and you’ll need a professional attorney since they have done it before with other victims, and there are always procedures to follow to achieve this.
5. Comparative Negligence
Your compensation is greatly determined by who caused the accident. If the accident is entirely by someone else, you will get 100% compensation, depending on the factors mentioned above. However, suppose you were involved in causing the accident, even at a small percentage. In that case, you will receive a percentage of the compensation, depending on how you contributed to the accident. If you have caused the accident or responsible for over 51%, you may not receive any compensation unless you represent your case with other factors.
6. Insurance Limits
When you get involved in an accident, the person at fault insurance cover covers the claim’s cost. On these costs, the insurance cover doesn’t pay the entire claim. Its payment depends on the policy limit and will greatly determine how much you’ll get for compensation. An example of this is when your compensation is $200000, and the policy can only cover $150000. When such happens, you will only get $15000. Unless there are other covers, the insurance cover of the person at fault determines the compensation.
In any Injury, you need to get full compensation to continue with your life after the accident. This compensation also helps you pay for your medical bills and other expenses. If you want to get fully compensated for any injuries, it is advised to get a lawyer who will follow up with the process and ensure you are compensated fully under the law.