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What Is Your Personal Injury Claim Worth? If you've suffered injuries in an accident, you could be entitled to compensation. An attorney for personal injuries can help you determine the worth of your claim. The amount you receive depends on the severity of your injuries and a number of different factors. Most compensation awards will include financial damage, such as reimbursement for medical treatment as well as compensation for future medical expenses. No-fault system The system of no-fault in New York is designed to assist victims in recovering damages for their medical expenses as well as other financial losses. The system does not cover non-monetary damages such as pain or discomfort. Thus, victims might need to make a personal injury claim to get the amount they are due. A knowledgeable attorney can guide you through the process of obtaining compensation to pay your bills after an accident, and help get you back on your feet. The severity and nature of the injury will determine the value of your claim. Injuries that result in permanent impairment or disfigurement tend to have a higher value than those that do not. Additionally the degree to which your injuries have impacted your life quality will add value to your claim. To receive the full amount of compensation you deserve for your injuries, it is essential that you keep a record of the total amount of your medical expenses and other financial losses. This includes doctor visits, surgery physical therapy, medications as well as assistive devices, and any other medical needs you might require in the near future. Your lawyer will be able determine this amount by looking over your medical records and getting a prognosis from your physician. When determining the value of your personal injury claim it is important to consider any income sources from third parties you have received from sources other than the negligent party. This is called the collateral source rule. it prevents negligent parties from cutting the amount they have to pay you by subtracting the amount you have already received from other sources of income. If you reside in a no-fault or a tort liability state the value of your personal injury claim will depend on how serious your injuries are as well as the number of people injured in the accident. A strong personal injury attorney can assist you in understanding the no-fault system and fight to get the full amount of compensation you are entitled to. No-fault insurance is required in a number of states including New York. Known as personal injury protection (PIP) is a kind of insurance covers your medical expenses and lost wages if injured in an accident, regardless of who is responsible for the crash. PIP limits vary by state however, most provide at least $2,500 of coverage for medical bills and a small amount of insurance for lost wages. Compensations for pain and suffering In personal injury cases, the goal is to make the victim whole again following an accident. This may include restoring the victim to the financial situation they were in prior to the accident, assisting with medical bills and car repair costs, as well as compensating the victim for lost income, and other non-economic damages such as suffering and pain. The law defines the term “pain and suffering” as a broad term that refers to emotional or physical effects the accident has caused on the life of a person. This includes mental anguish, physical pain and loss of vitality or health. These damages that are not economic can be more difficult to quantify compared to other types of damages like medical bills or lost wages. However, there are a variety of methods that can be used to determine the monetary value of suffering and pain. Medical records that reveal the amount of pain endured by a victim can be a valuable source of evidence. The testimony of a victim, or a family member, can also show how injuries impacted their lives. For instance, suppose you've suffered an injury that has stopped you from taking long runs in your spare time, or from engaging in your favorite hobbies. You'd probably be able show how these activities have impacted your quality of life. In addition, you may have videos or photos that prove your health. These types of evidence can be extremely convincing to a jury, even if they are not backed by scientific evidence. The multiplier method and the per diem method are two of the most commonly used methods courts use to calculate pain and suffer. The multiplier method involves multiplying a claimant's total economic damages by a figure between one and five, whereas the per diem method assigns a financial value to every day that they have suffered from their injuries until they reach “maximum medical improvement.” These procedures aren't established in stone and juries and judges have a wide range of discretion when deciding to award this kind of compensation. As such, it is important to understand how to establish your claim for suffering and pain to increase your chances of getting an appropriate settlement. Loss of wages – Damages A significant portion of a personal injury claim can be damages for lost wages. This includes all of the days off from work that are lost due to an accident, including weekends and holidays. This includes any bonuses, commissions and tips that you would have earned during your employment. A forensic economist or other financial expert will typically calculate the cost of these losses. These damages are easy to calculate and can be proved using paystubs and W-2 forms. These can be compared with the amount of money you made prior to your injury to determine the difference. It could be possible to also include any sick, vacation or personal days you had planned to use but were unable to use due to injury. This type of compensation can assist you in recovering some of the income loss because of your inability to work, or even pay for any future losses. However, you will not receive the full amount that you would have received had your injury had not occurred, because there is likely to be a lien from other parties who paid for treatment or medical expenses. It can be difficult to prove you've lost wages when you are self-employed. However Pasadena injury lawyers can talk to a financial expert about this. These experts can assist you in estimating your future earnings in relation to your current earning capacity. They will consider aspects like the type of work you do, the number of hours you normally work during the week, and your hourly rate. Future loss of earnings damages are similar to past income loss however they are dependent on the amount you can earn in the future rather than what you earned in the past. They could also be referred to as loss of future earning capacity or impairment of earning potential. These are only awarded if it can be proved that the injury will be permanent and significantly limit your ability to work in the future. Another kind of compensatory damages is referred to as general damages and can include costs such as pain and suffering. This is a subjective type of damages, which can be difficult for the court to quantify. This type of damage is often given along with other types of damages, such as medical bills and lost wages. To be eligible for this type you must prove that you have suffered physical, mental, or emotional distress as a result. This could be a doctor's report or expert testimony from a psychiatrist or psychologist. Damages to cover future medical expenses In personal injury lawsuits, future medical expenses can constitute an important portion of the settlement. However they can be difficult to determine and prove. The damage is usually based on actuarial calculations about the future requirements of your health. They may also include the cost of medications or the estimate of a physical therapist on how long you'll need treatment, and many other aspects. In order to show future medical expenses, you'll need to work with experts including doctors and therapists. They will testify on the nature of your injury as well as its expected impact on your future life. They will also assist you to determine the present value of these expenses. Your lawyer will use this information to present an effective argument on your behalf. You should also think about the income loss that you'll suffer as a result. This could include loss of wages bonuses, commissions, and benefits. Additionally, you could have to pay for an in-home care attendant or nurse and may be entitled to reimbursement for the cost of assistive devices like wheelchairs, walkers, and canes. After an accident, a lot of injured victims must continue receiving medical treatment and care. This can be extremely expensive. This includes therapy, physical and occupational therapy. The injured victims are entitled to reimbursement for these expenses in addition to the cost of transportation and accommodation to and from their appointments. It's also important to take into consideration other non-medical costs associated with your accident, like the loss of enjoyment from activities you enjoyed before your injury. This is an area of damage that is more difficult to quantify, but it's important to record it as accurately as possible. You can seek compensation for these damages by filing an action or settlement out of court. A settlement is negotiating with the defendant or insurance company to resolve a dispute without court. A lawsuit requires a trial and evidence that the defendant's negligence or carelessness caused your injury. A personal injury lawyer will help you determine the best path for your case.