How Do I Know How Much My Claim is Worth?
Breit Cantor Grana Buckner—March 16, 2017
If you have been injured due to someone else’s negligence, compensation can help lessen the financial burden of your recovery, in addition to signifying that justice has been served. Every case is different, of course, and compensation often depends on several different factors.
While the most accurate estimate for your claim will come from your attorney, there are a number of elements to be considered to get an idea of the value of your claim. You will have to calculate the following:
- Medical expenses: Add the total cost of your medical bills, even if your insurance covered your treatment.
- Future medical expenses: If you expect your injuries to require further treatment, long term treatment, estimate the cost of your future medical bills.
- Loss of income: If you had to miss work for your injuries, you would calculate the total of those lost wages, even if you used paid time off. If you expect to continue to miss work due to continued treatment for your injuries, estimate how much you expect to lose in earnings.
- Pain, suffering, disfigurement, and inconvenience: These are known as ‘non-economic’ damages, meaning there isn’t a specific number you can place on these damages. However, a jury would get to consider the severity of these damages and award a figure to compensate a plaintiff for them.
- Property damage: You can recover for any property damage you sustained; however, most property damage claims are resolved before litigation.
At Breit Cantor Grana Buckner, our respected personal injury lawyers work tirelessly to help clients regain their dignity and empower them to new independence by representing them in their fight for justice. You can trust us to handle your case while you focus on your recovery.