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How Are Personal Injury Settlements Calculated

July 16, 2018

A personal injury claim is a way to seek compensation for your injuries caused by the negligence or mistake of someone else. There is a lot at stake when you are injured including your job, family, and finances. The high medical bills and loss of income make things even worse. Personal injury claims help you get a financial cover for such losses. Personal injury lawyers can help you in calculating the personal injury claims perfectly. But, before you consult a lawyer, it is important that you know the basics of personal injury settlements calculations:

Factors affecting the settlement:

Personal injury claims are calculated when you sustain an injury because of someone else’s negligence and mistake. You need to hire a personal injury attorney who will guide you further according to your specific case. The extent of your injury decided the amount you will get from the claim. A few factors that affect the personal injury settlements calculations include:

·        The Recovery period of the injury

·        Permanent damages caused by an injury such as physical disability or permanent marks on the body

·        Prolonged care or treatment

·        Hospitalization and expert medical supervision

·        Hard Injury such as injury to bone, skull, vertebrae, joints, etc.

·        Medical prescription

·        An injury that affects the flow of your conventional lifestyle

Personal injury settlement process and calculation:

While these factors help calculate personal injury settlements the process is a long one. You can claim for compensation for a number of areas related to your injury. Some areas include:

Medical expenses:

This is a major area where you cover your existing medical expenses as well as any future expenses that you will incur because of the injury. If you have to buy a medical accessory, you should also add it to the expenses.

Lost Wages:

You lose a significant amount of your earning while you are in the hospital. Such loss of income is covered under the settlement claim.

Property:

If the accident involved any property which was also damaged, you must also include the cost in the calculation to cover your losses.

Pain & Suffering is also considered while calculating the settlement claims for personal injuries. The personal injury law firm New Heaven CT you hire will consider all these factors and calculate personal injury compensation that covers all your losses to the fullest. The compensation you demand will only cover the money that you have directly expensed. Right calculation of the personal injury settlements offers you a clear picture as how much money is owed to you and how much you may expect from your claim.

All people are equal before the law. A good attorney.