Calculating Personal Injury Compensations

Calculating Personal Injury Compensations

If you suffer a serious injury in an accident caused by someone else’s negligence (e.g., a car accident, a slip-and-fall), you may be eligible for personal injury compensation. In a third-party claim, the at-fault party’s insurance company is contacted.

Once you establish that the other party is to blame, proving your financial losses is crucial to proving the value of your injuries. You can get the personal injury compensation you deserve by knowing how much money you’ve lost. A personal injury lawyer in California can help you calculate and negotiate a reasonable settlement amount if you decide to settle your case outside of court.

Factors to Consider When Claiming for Personal Injury Compensation

You may be able to receive personal injury compensation from an insurance company if you agree not to pursue your case in court, and settling out of court may save you both time and money. Personal injury cases can be compensated for two kinds of losses:

  • Pecuniary losses (Losses Incurred Financially)

Monetary damages as a result of an accident consist of actual, measurable losses that are relatively easy to calculate. The costs of your medical treatment(s), missed wages, and future expenses for physical therapy or continued care all represent monetary losses. It is the lawyer’s job to calculate the total amount of lost income if the personal injury led to permanent or long-term disability.

  • Non-Pecuniary losses (Losses Other than Monetary Ones)

Damages that are hard to quantify fall under this category. Losses that do not have a monetary value include pain, suffering, disfigurement, physical impairment, annoyance, loss of consortium, and other non-monetary damages. The non-pecuniary or general damages are the types of losses or harm that result from the underlying accident or injury. These are harder to quantify because they are more subjective.

Your claim may also include punitive damages. This type of damage is intended to punish the wrongdoer. Unlike economic losses, these damages are meant to punish the wrongdoer.

While there are several online calculators for determining personal injury compensation for personal injury cases, each case is unique. To find out how much your personal injury case is worth, you should speak with an attorney. Deldar Legal Injury Attorneys in California specialize in personal injury suits.


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Posted in: Personal Injury

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