Personal Injury Lawyer
After you get hurt, you have a lot to deal with. You may be dealing with mounting bills because you can’t work. Your medical bills are surely going to keep coming in, and you may not know how exactly you’re going to make it through. The stress is getting to be too much. If you choose to file a personal injury claim against the responsible party, you may get some relief in the form of financial compensation. What can you expect in terms of the value of your claim? Is there a standard formula companies use to decide how much money your injuries are worth?
The Things an Insurance Company Is Required To Compensation You for
If liability is determined and the insurance company accepts it, your injury claim may move forward at a much swifter pace than if you face a court battle. However, this doesn’t mean you can start breathing easy quite yet. There are some aspects of a claim that insurance companies must reimburse you for. These include the following:
Income reimbursement – Insurance will reimburse you for the money you’ve lost while you have been unable to work because of your injury.
Medical bills – The insurance company will pay for your medical treatment once they accept liability or reimburse you for the money you’ve already paid.
Property – Insurance pays for repair or replacement of property that was damaged as a result of the negligent party.
Permanent disability – If you suffer a permanent injury that requires ongoing treatment, insurance pays for it.
Social loss – Missing social engagements and events or family gatherings because of the incident may be eligible for reimbursement.
Emotional distress – Stress, depression, anxiety – these are some of the psychological issues that can develop as the result of a personal injury. The insurance company will pay for treatment if you are diagnosed as a result of the claim.
Calculation of Damages
When you first start speaking with the insurance company about your claim, the adjuster usually starts the calculations at your medical bills only. The first offer will be a pure reimbursement of these bills. As the proceedings continue toward litigation, the adjuster will start adding up other damages and may multiply them by 1.2 to 1.5, depending on the severity of the injuries. The more severe injuries, such as those that are permanent in nature, will qualify for a higher multiplier up to 10.
A personal injury attorney will be able to negotiate on your behalf to recover all the damages you deserve for your injury.