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What Is Your Personal Injury Claim Worth? If you've been injured as a result of an accident, you could be entitled to compensation. A personal injury lawyer can help you determine the value of your claim. The amount you receive depends on the extent of your injuries and a number of different aspects. The majority of compensation awards cover economic damages, such as reimbursement for medical treatments and reimbursement for future medical treatment. No-fault system The system of no-fault in New York is designed to help victims recover damages for their medical expenses and other financial losses. The system does not cover non-monetary damages like pain and discomfort. Consequently, victims may need to file a personal injury lawsuit to get the amount they are due. A skilled attorney can guide you through the process of getting the money you need to pay for your expenses after an accident, and help get you back on your feet. The value of your personal injury claim will be determined by the severity and type of your injuries. Injuries that cause permanent impairment or disfigurement tend to be worth more than those that do not. In addition, the extent to how your injuries have affected your quality of life also increase the value of your claim. It is essential to record all of your medical expenses and financial losses in order to receive a full reimbursement. This includes doctor visits, surgery, physical therapy, medications, assistive devices and any other medical requirements you will require in the near future. Your lawyer can determine this amount by reviewing your medical records and getting a prognosis form your doctor. It is important to consider any income you may have received from third parties other than the negligent party when determining the amount for your personal injury claim. This is known as the collateral source and it stops negligent parties from making their compensation less by removing the amount you've already received from other sources of income. The value of an injury claim for personal injury is contingent on the severity of your injuries and the number of people injured in the accident. A reputable personal injury lawyer can help you understand the no-fault system, and fight to get the full amount of amount of compensation you are entitled to. No- YouTube is mandatory in a number of states including New York. Personal injury protection (PIP) covers medical expenses and lost wages in the event of an accident. The limits for PIP vary from state to state, but most offer at least $2,500 in coverage for medical bills and a small amount of coverage for lost wages. Damages for pain and suffering In personal injury cases, the goal is to make the victim whole again following an accident. This can include returning them to their financial situation prior to the accident. It could also include paying for medical bills, car repair costs and compensating them if they lost income. The law defines pain and suffering as a broad category of physical or emotional effects that the accident has caused on the person's life. This includes discomfort and pain or mental anguish, loss of energy or health, and the inability to live a normal lifestyle. These non-economic damages are often more difficult to quantify than the monetary value of other types of damages, such as medical bills and lost wages. There are many methods that can be used to determine the monetary value of suffering and pain. For instance, medical records that show the extent of a person's pain can be a valuable piece of evidence. Testimony from a victim or family members could show how the injuries have affected their lives. Imagine, for instance, that you are injured and unable to run long distances or take part in your favorite activities. You'll likely be able to demonstrate how these activities have affected your quality of life. In addition, you could have videos or photos which prove your condition. These types of evidence could be extremely persuasive to a jury even if they're not backed by scientific proof. There are two methods that courts calculate pain and suffering using the multiplier method as well as the per diem method. The multiplier method involves the process of multiplying a claimant's economic damages by a figure between one and five, while the per diem method assigns a monetary value to each day they've suffered from their injuries until they reach “maximum medical improvement.” These methods are not fixed in stone and juries and judges have wide discretion when awarding this type of compensation. Therefore, it is important to understand how to establish your claim for suffering and pain to increase your chances of receiving an equitable settlement. Damages for lost wages A large part of a personal injury award could be compensation for lost wages. This includes time that is missed from work as a result of an accident, even weekends and holidays. This includes tips, bonuses, or commissions that you would have earned on the job. The amount of these losses is typically calculated by a forensic economist or another financial expert. The damages are generally easily calculated and can be proved with paystubs, W-2 forms, and other employer records. These can be compared to the amount of money you earned prior to your injury to determine the difference. It may be possible to include any sick, vacation, or personal days that you had planned to use but were unable to use due to the injury. This kind of compensation could help you recover some of the income loss due to your inability to work, and even compensate for any future losses. However, you will not receive the entire amount you would have received if your injury hadn't occurred, since there's a chance that there will be a lien from other parties who paid for treatment or medical bills. If you are self-employed, it could be more difficult to prove that you have lost wages however, this is something that your attorney can discuss with a financial expert. These experts can estimate your future earnings based on your current earning capacity. They will take into account aspects like the type of work you usually do, the number of hours you typically work each week, and your hourly rate. Future loss of earnings damages are similar to the past income loss, but they are determined by your capacity to earn in the future, rather than what you actually earned previously. These damages can also be referred to as impairment of earning capacity or loss of earning potential in the future. These are typically only granted when it is proven that the injury will significantly and permanently impact your ability to work. General damages are a different type of compensatory damages. They can be a result of expenses such as pain and suffering. This is a subjective category of damages, which can be difficult for a judge to quantify. This type of damage is often awarded along with other types like medical bills and lost wages. To be eligible for this type of damage, you must provide evidence of emotional, physical and mental distress you have endured as a result the accident. This could be the report of a doctor or testimony from a psychologist or psychiatrist. Future medical expenses for damages In personal injury cases, future medical costs can make up the majority of your settlement. They are difficult to prove and determine. The damages are usually based on actuarial calculations about the future requirements of your health. These damages can also include the cost for medication, a prediction by physical therapists of how long the treatment will last and other variables. You will need to use expert witnesses such as doctors or therapists in order to prove future medical expenses. They will testify on the nature of your injury and its expected impact on your future life. They will also assist you in determining the current value of these expenses. Your attorney will use this information to make an effective argument for you. Another thing to consider is the loss of income that you may experience due to your injuries. This can include lost earnings, commissions, bonuses, and benefits. Additionally, you could require a home-care nurse or attendant and may be entitled to compensation for the costs of assistive devices like wheelchairs, walkers, and canes. After an accident, many injured victims need to continue receiving medical treatment and care. This can be very expensive. This includes physical therapy, and occupational treatments. The injured victims are entitled to compensation for these costs and the cost of transportation and accommodation for their journey to and from their appointments. Consider other costs besides medical expenses, for example the loss of enjoyment from activities you were able to enjoy prior to the injury. The extent of the damage could be difficult to quantify but it is still important to document your injuries as accurately as you can. You can seek to recover these losses in two ways one of which is a settlement or lawsuit. A settlement involves negotiations with the defendant or insurance company to resolve a dispute without court. A lawsuit, on the other hand requires a trial and proof that your accident was the result of the negligence or reckless actions. An attorney who specializes in personal injury cases can help you determine which path is right for your case.