After a serious accident resulting from another party’s irresponsible actions or negligence, you may choose to seek compensation through a personal injury lawsuit. These claims are meant to make victims “whole” after an accident, covering expenses like medical bills, lost wages, property damage and pain and suffering. The value of a plaintiff’s case depends on the extent of the injuries and is calculated based on measurable damages.
There are three main types of damages that might be awarded in a personal injury claim: economic losses to date, future economic losses and compensation for the injury. Economic losses to date is generally the easiest of the three to calculate, relying on medical bills, lost income, medication, property damage and other itemized expenses.
Determining future economic losses can be more complicated, as these damages have not yet occurred. It’s up to insurance companies, attorneys and courts to figure out how much an individual is likely to be impacted by the injuries in the future. This may include ongoing rehabilitation, loss of future earning capacity and permanent disabilities. In many cases, a court will rely on the testimony of an expert to help calculate these damages.
Compensation for injuries is also more difficult. These are non-economic damages, so they are not based on the medical treatment a person has received, but instead on the way the injury impacted one’s life and mental state. For example, if injured parties are unable to participate in hobbies and other recreational activities they previously enjoyed, there may be some form of monetary compensation that could help make up for it.
Personal injury lawsuits can be complicated. If you or a loved one has been injured to due someone else’s negligence, meet with a compassionate Florida attorney at Goldman, Babboni, Fernandez, Murphy & Walsh today.