Are you planning to file a personal injury case? Then you probably want to know how much can you get from it. Life is full of surprises, and you can never predict when someone else may cause an accident. Even if you’re following the rules and being careful, other people may not, ending in a misfortune.
You must receive compensation, but how much and what exactly is covered? Read on and you’ll find out.
Distribution of Compensation
When you’re going through a personal injury case, there is a settlement according to which money has to be offered to you, depending on the type of inflicted damage. If you end up losing your life as a result of the accident, then your family/survivors will be the ones receiving the money.
The sum to be given is going to be settled during the case after the parties agree on the amount. The money will be offered by the one responsible for the damage, whether it’s a person or an organization.
How Much Will You Get?
How much you receive as the injured party is unclear to say because it all depends on the damages you’ve suffered.Whether you’ve been injured or lost items, as a result, most damages are considered compensatory, thus meaning you have to receive money no matter what happened.
Nevertheless, setting a price is not easy, because not all things are simple to monetize. When something is lost, including items and especially someone else’s life, you can’t really put a monetary value on it. But as an insight, here are some things you might receive compensation for:
Of course, during an accident, you’re very likely to suffer from injuries, whether they’re simple scratches or more severe issues that end up in long time suffering. This is one of the things you can receive money for, although it may not be so easy to set a value on.
You must be treated if you’ve been injured as a result of an accident, but why would you spend all of your savings when it was someone else’s fault? Most of the time, you will receive compensation for the medical care, and/or what you’ve already received prior to the case.
Physical wounds and pains are possible during an accident, but you’re also very likely to suffer emotional distress. It’s not easy recovering from an accident, and that will be obvious when you experience anxiety, depression, etc.
Loss of Property
Did you lose your car or other belongings in the accident? Then you can rest assured you’ll receive compensation for it. It doesn’t matter if the object just needs reparations or is totally ruined – you’ll get reimbursed for it.
Loss of Income
If your earnings have suffered as a result of the accident, then you will receive compensation. The same thing applies if the accident made it impossible for you to earn an income in the future, meaning you’ve lost your ability to work for the money.
Monetizing your damages can be difficult unless you talk to someone who knows how it works. Therefore, talk to personal injury lawyers to estimate the amount and know what you’ll receive compensation for.