Types of Personal Injury Compensation

If you are hurt due to another person’s negligence, you may be entitled to receive compensation for your injuries. This can happen via a lawsuit or a settlement outside of court. However, you should familiarize yourself with the different types of injury compensation available to help you determine the amount your case is worth.

Personal Injury Compensation

The goal of filing a personal injury claim is to receive compensation for any loss you endured. There are also some cases where you may be paid an additional amount beyond your typical losses. There are several types of personal injury compensation that you may become eligible to receive by making a claim against the party who caused your injuries.

Economic Damages

If you are hurt by another person, you may get hit with a substantial amount of financial losses. The compensation that you may receive to pay for any loss you have experienced. However, the amount that you are eligible to receive isn’t always straightforward, as it must be carefully calculated.

Economic damages can be considered:

  • Medical expenses that you’ve sustained as a result of your injuries
  • Future medical bills related to your injuries
  • Lost wages
  • Future lost wages if you are unable to work
  • Loss of damage to your property
  • Any other additional out-of-pocket expenses that you’ve experienced directly relate to the wrongful actions of the negligent party

To calculate your losses, you can simply add up your paychecks and medical bills. An attorney can also go over these losses with you and give you an estimated amount.

Non-Economic Damages

If you’ve experienced any other loss related to your accident that has an impact on your quality of life, you can also collect these. For instance, you may be unable to participate in activities that you once had, such as bike riding, if you’ve sustained a leg injury. In this case, you could claim non-economic damages for:

  • Emotional distress
  • Pain and suffering
  • Loss of enjoyment of life
  • Loss of consortium

While it may be much more difficult to calculate damages for non-economic losses, insurance companies can either use the multiplier or per diem method, in which you are paid by a set number or a set amount of money.

Wrongful Death Damages

If a person’s injuries are fatal following an accident due to negligence, the family of the deceased or the estate of the deceased may be eligible to file a wrongful death claim.

You may be eligible to collect payment for the following damages in a wrongful death lawsuit:

  • Medical expenses that have accumulated prior to the deceased’s passing
  • Pain and suffering
  • Funeral expenses
  • Emotional distress
  • Loss of consortium

Punitive Damages

If the conduct of a defendant was intentional, it is possible that you may include punitive damages in your lawsuit. These types of damages were designed to punish the responsible party for causing you harm. The court will make a decision on the amount of punitive damages you should be awarded, as it will all be dependent on the actions of the defendant.the best personal injury lawyers

Final Word

If you’ve been injured as a result of another person’s negligence, you should reach out to the best personal injury lawyers as soon as possible. Your attorney can help you with collecting evidence to help build a strong case against the responsible party. The more evidence and proof you have, the more compensation you may be eligible to receive.  

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