What Aspects of Personal Injury Cases Are Most Expensive?
Injuries caused by the reckless or negligent act of another party, such as car accidents, pedestrian accidents, bicycle accidents, motorcycle accidents, or other incidents, a personal injury claim or lawsuit can be filed. By filing a personal injury lawsuit, you could potentially hold the responsible party accountable and ultimately obtain compensation for your injuries, which is especially important when extensive medical care is necessary.
What Types of Compensation Are Available?
When it comes to damages in a personal injury claim, there are usually two main categories – economic and non-economic damages. Economic damages cover medical bills, lost income, and property losses while non-economic damages are more challenging to quantify. Pain and suffering are major elements in non-economic damages and cover everything from the pain caused by the accident to the possible negative effects one might experience as a result of an accident, including anxiety, mental anguish, disfigurement, and loss of consortium. The length of recovery plays a significant role in the amount of compensation. The more severe an injury is and the more time it takes for a plaintiff to recover could potentially result in a higher award.
Punitive damages may also be awarded in some cases. If the responsible party’s actions were intentionally harmful or their behavior grossly negligent, punitive damages could be pursued. Unlike compensatory damages, which are designed to make a plaintiff whole again and cover any losses suffered, punitive damages are designed to punish a defendant for their egregious actions.
If the injuries sustained in an accident ultimately result in death, the estate or family of the deceased person may file a wrongful death claim. Wrongful death damages cover funeral expenses, the cost of any pre-death medical care, loss of the decedent’s estimated income had he or she lived, and more.
Which Types of Compensation Are Worth More?
Every case is unique, which means there is no one-size-fits-all when it comes to the value of compensation. However, generally, non-economic damages are the most expensive, particularly because of the subjective nature involved in quantifying them. In many cases, the largest portion of a settlement is pain and suffering. To calculate this figure, insurers may use the multiplier method, which multiplies the value of your economic damages by a set number that is based on the severity of a plaintiff’s injuries.
Speak our Personal Injury Attorney for the Help you Deserve.
If you were injured in an accident that was caused by negligence, it is important to act quickly and hire a knowledgeable personal injury lawyer to handle your case. The Law Firm of Joseph H. Low IV in LA County is led by Joseph H. Low IV, rated “10.0 Superb” by Avvo. He uses his skills, experience, and resources to pursue justice and full compensation for his clients. Call today at (562) 901-0840 or toll-free at (888) 454-5569 to schedule a free, one-hour case review to discuss your personal injury claim.