Monday, June 30, 2014

How Much is a Personal Injury Case Worth?



When a personal injury lawsuit has to be filed due to a slip or fall, car accidents, or any kind of injury, one might wonder what their case is really worth. The answer to this is the “extend of damages” – what the injuries have cost a person financially, physically, and mentally.

In a personal injury lawsuit, the injured person (plaintiff) will receive money by the person or business found responsible for the accident (defendant). After a negotiated settlement, the two parties, their insurance companies, and their Akron personal injury attorneys, can agree upon a damage award.
Given below is an explanation of the various kinds of damages which may occur is personal injury cases:

Compensatory Damages in Personal Injury Cases

 

Most personal injury damages are classified as "compensatory", which means that they are aimed to compensate the injured for the loss that occurred due to the accident. A compensatory damages award is supposed to compensate the plaintiff financially by assigning a dollar figure on the consequences of the accident. Compensatory damages like medical bills or reimbursement for property damage are easy to quantify, but it is difficult to assign a monetary value on the physical suffering of an individual.
Here's a list of the types of compensatory damages common in many personal injury cases:

Medical Treatment

 

This includes reimbursing the cost of medical treatment that the injured has received and compensating for the projected cost of treatment needed in future.

Income

 

This is the compensation received for the impact on the injured person’s salary due to the accident. It not only includes the income that he/she may have already lost but also the potential salary that they could’ve earned in future if it wasn’t for the accident.

Property Loss

 

If a personal belonging like a car, clothing, or any other item was damaged due to the accident, reimbursements have to be made for compensation or repairs as per fair market value.

Pain and Suffering

 

The plaintiff might be entitled to receive compensation for the pain or discomfort that he/she suffers from as the aftermath of the accident.

Emotional Distress

 

Emotional distress damages compensate a plaintiff for the psychological impact of an accident or injury, such as fear, anxiety, or loss of sleep. 

Loss of Enjoyment

 

If the result of the accident keeps the plaintiff from enjoying daily life activities like hobbies, exercise or other recreational activities, he/she may be reimbursed for "loss of enjoyment" damages.

Loss of Consortium

 

This is a compensation for the plaintiff’s inability to maintain a healthy relationship with their spouse and is usually reimbursed to the injured person’s husband/wife.

Punitive Damages in Personal Injury Cases

 

In a case where the defendant’s actions are deemed as outrageously careless, he/she might have to pay punitive damages apart from compensatory damages award, as a means to punish the defendant for their careless behavior.

Understanding each damage award and determining how much reimbursement you are entitled to after an accident can be challenging. It is always advisable to seek professional help from an Ohio personal injuryattorney to ensure that you receive the damage award that you deserve.