Understanding the Value of Your Personal Injury Case

June 28, 2017 Personal Injury

Calculating the true value of a personal injury case can be difficult. Adding up the costs of medical care and lost wages is straight forward, but determining damages for future medical costs, pain and suffering, or loss of society and companionship (in wrongful death cases) is complex.

The underlying principal of damages is to put the injured person in the same position as they would have been in had the injury not occurred. The idea is to make the person “whole” again. Of course, no amount of money can make up for suffering an injury, but it can help ease the economic burdens the injury caused.

The most common types of damages (financial compensation) sought in personal injury cases are:

Economic Damages

  • Lost wages
  • Loss of earning capacity
  • Medical expenses
  • Future medical expenses
  • Costs to repair damages property
  • Loss of use of property

Noneconomic Damages

  • Paid and suffering
  • Emotional distress
  • Loss of society and companionship
  • Loss of consortium

Every personal injury case is unique, and each require an analysis of what damages may be available and what the dollar amount of those damages are. It is critical that you understand the full value of your personal injury case before you accept a settlement offer from an insurance company or other party.

For example, if you settle your claim before you have finished medical treatment for your injuries, you will not later be able to make a claim for additional medical bills or future medical expenses if you later find out your injuries are permanent.

After you’ve been injured in an accident, it is critical that you get the compensation your deserve. An experienced personal injury attorney can help you determine the full value of your claim. If you’re wondering if you should hire a personal injury attorney, read our articles Do I Need a Personal Injury Lawyer? and 5 Benefits of Hiring A Personal Injury Attorney To Advocate For You.

If you’re concerned about legal costs and attorneys fees, read our article How Much Will Pursuing My Personal Injury Case Cost Me? Also, many personal injury attorneys offer legal free personal injury case consultations. If you live near Lincoln or Omaha, Nebraska we invite you to come to meet with us. During the free personal injury case consultation, our goal is to understand your situation and educate you on your legal rights. Contact us today through our simple web form or call us (402) 558-4900.

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Matthew G. Miller serves clients throughout Eastern Nebraska and parts of Western Iowa including Douglas County, Sarpy County, Lancaster County, and Pottawattamie County, as well as the cities of Omaha, Lincoln, Bellevue, Papillion, Fremont, Blair, Elkhorn, and Council Bluffs.