Determining the Value of Your Legal Claim

Updated on February 19, 2020

After a serious injury, getting compensated isn’t always easy. You may have already identified the responsible party, and you’re otherwise ready for your claim, but what about your claim’s worth? If you’re not sure what your claim is worth, it’s unfortunately easy to settle for less than what you could be due. 

In some cases, that could mean paying out of your own pocket for your losses. To avoid that, it’s important to find the worth of your damages, or the losses you’ve suffered because of the injury you suffered. If you’re struggling to get compensated for your losses, reach out for help calculating both your financial and non-financial losses.

Your Economic Losses

When you’ve been injured in a serious accident, your injuries may get expensive fast. Those expenses are strictly financial, and they may include medical bills, lost wages if you’re unable to work after the accident, and property damage. 

These can be tough to calculate, however—it’s not always so simple as adding up all your expenses. You may also need to calculate your future expenses as well. For example, you may have already included the work days you’ve already missed, but what about the time you’ll be unable to work because of a future surgery? That could be important for your claim and for getting your full compensation. 

Non-Economic Damages

Your claim doesn’t end with your economic damages either. You may also be eligible for compensation for the intangible suffering you’ve experienced because of the accident. These losses may not be physical, but they can affect your quality of life. 

These damages usually include losses like pain and suffering or emotional trauma. These are distinct from your economic damages because they don’t have an economic value in the same way that your bills might. While those losses can be tallied up, these damages may require the use of tools from your Brooklyn personal injury attorney

When dealing with non-economic damages, you’ll need the right tools to find the actual worth of your claim. For example, the costs of your losses depend on the severity of your losses and the impact they had on your life. For example, if you now suffer chronic pain and can’t enjoy things you once loved, you may receive more compensation than someone who didn’t suffer many life changes from the injury.

Get Answers about Your Claim’s Worth

If you’ve been injured in a serious accident, getting compensated for your losses is key to your full recovery—it’s tough to focus on your injuries and mental wellbeing when you’re worried about your bills. However, it can also be tough to find the full losses you’ve suffered because of your injuries. 

If you’re not sure you’re seeking your full compensation, or if you’re worried about a low settlement offer, you may need to ask whether you’re asking for all the damages you’re eligible for. Reach out for legal guidance if you’re unsure you’re seeking the full compensation you’re qualified for after a serious injury. And if you need any legalisation services, you can always contact UK Apostille.

The Editorial Team at Healthcare Business Today is made up of skilled healthcare writers and experts, led by our managing editor, Daniel Casciato, who has over 25 years of experience in healthcare writing. Since 1998, we have produced compelling and informative content for numerous publications, establishing ourselves as a trusted resource for health and wellness information. We offer readers access to fresh health, medicine, science, and technology developments and the latest in patient news, emphasizing how these developments affect our lives.