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What Is Your Personal Injury Claim Worth? If you've been injured in an accident, you may be entitled to compensation. A personal injury lawyer can assist you understand what your claim is worth. The amount of compensation you will receive is determined by the severity of your injury as well as several other factors. Most compensation awards will include economic damages, like reimbursement for medical treatments and the cost of future medical treatment. No-fault system The system of no-fault in New York is designed to help victims recover damages for medical expenses and other financial losses. This system does not cover damages that are non-monetary such as pain or discomfort. Therefore, victims may have to start a personal injury lawsuit in order to receive the compensation they deserve. A skilled attorney can help you navigate the process of getting the amount you require to pay your bills and get back on track after an accident. The value of your personal injury claim could be determined by the severity and type of your injuries. Injury that causes permanent impairment or disfigurement are likely to be more valuable than those that do not. Additionally the extent to the extent that your injuries have affected your quality of life will add value to your claim. In order to obtain the full amount of compensation for your injuries, it's essential that you keep a record of the total amount of your medical costs and other financial losses. This includes doctor visits, surgery, physical therapy, medications as well as assistive devices and any other medical requirements you might require in the future. Your lawyer will be able to determine this amount by looking over your medical records and obtaining an opinion from your doctor. It is important to consider any income you might have received from third parties other than the responsible party when determining the amount for your personal injury claim. This rule is known as collateral source and it stops negligent parties from reducing your compensation by subtracting the compensation you've already received from other sources of income. The value of a personal injury claim depends on the extent of your injuries as well as the number of people injured in the accident. A personal injury lawyer can assist you understand the no fault state and fight for all the compensation you're entitled to. No-fault insurance is a requirement in many states including New York. Personal injury protection (PIP) pays for medical bills and lost wages in the event of an accident. The PIP limits differ between states, however, most states offer coverage of at least $2,500 for medical expenses as well as a limited amount for lost wages. Damages for pain and suffering In personal injury cases, the objective is to make the victim whole. This may include restoring them to the financial position they were in prior to the accident, including medical bills and car repair costs, as well as compensating the loss of income and other non-economic damages such as suffering and pain. The law defines pain and suffering as a broad term that refers to emotional or physical effects the injury has caused to the person's life. This includes discomfort and pain or mental anguish, loss of vigor or health, and the inability to lead an ordinary life. These non-economic damages are often more difficult to quantify than the value of other damages, like medical bills and lost wages. There are several methods to be utilized in order to determine the value for pain and suffering. Medical records that reveal the extent of pain suffered by a victim may be valuable evidence. Witnesses from victims or family members could show how the injuries have affected their lives. Imagine, for example that you're injured and are unable to run long distances or engage in your activities. You'll probably be able to demonstrate how these activities have affected your quality of life. You might also have photos or videos that demonstrate your condition. These types of evidence can be extremely convincing to a jury even if they're not supported by scientific evidence. There are two methods that courts calculate pain and suffering: the multiplier method and the per diem method. The multiplier method involves multiplying the amount of the claimant's damages in economic terms by one and five. The per diem method assigns an amount to each day of pain and suffering until the claimant reaches “maximum improvement”. These methods are not set in stone, and judges and juries are free to decide on this type of compensation. Therefore, it is important to understand how to prove your claim for pain and suffering in order to increase your chances of receiving an equitable settlement. Damages for lost wages A large portion of a personal injury award could be compensation for lost wages. This includes any time lost from work due an accident, including weekends and holidays. This includes any bonuses, commissions and tips that you could have earned on the job. The value of these losses is typically determined by a forensic economist or a financial expert. These damages are easy to calculate, and can be proved using paystubs and W-2 forms. You can examine the amount you earned before your injury with the amount you earned after. It could be possible to include any sick, vacation or personal days you had planned on using but were unable to take due to injury. This type of compensation may assist you in recovering some of the money you lost because of your inability to work and may even make up for future losses. However, you won't receive the full amount that you would have received if your accident had not occurred because there is likely to be a lien from the other parties who provided treatment or medical expenses. If you are a self-employed person, it may be more difficult to prove lost wages However, this is a matter that your lawyer can discuss with a financial professional. These experts can estimate your future earnings based on your present earning capacity. They'll take into consideration factors such as the type of work you usually perform, the amount of hours you typically work every week, as well as your hourly rate. You Tube of earnings damages are similar to past income loss, but are dependent on the amount you can earn in the near future rather than what you actually earned previously. These damages can also be described as impairment of earning capacity or loss of earning potential in the future. These are usually only awarded when it is proven that the injury will significantly and permanently limit your future ability to work. Another type of compensatory damages is known as general damages and can include costs such as pain and suffering. This is a subjective category of damages that can be difficult for the judge to quantify. It is usually given in addition to other types of damages such as medical expenses and lost wages. To qualify for this type you must prove that you suffered physical, mental or emotional distress due to the incident. This could include an expert report from a doctor or testimony from a psychiatrist or psychologist. Damages to cover future medical costs In personal injury lawsuits, the future medical expenses could be an important part of the settlement. However, they can be difficult to calculate and prove. These damages are often calculated based on the future requirements. These damages may also include the cost of medication, an estimate by a physical therapist of how long the treatment will last, and other factors. You will require experts like doctors or therapists to prove future medical expenses. They will testify on the nature of your injury as well as its expected impact on your future life. They will also assist you to determine the present value of these expenses. Your attorney will then utilize the information to create a convincing argument on your behalf. Another factor to consider is the loss of income you could face as a result of your injuries. This could include lost income, commissions, benefits and bonuses. You may also have to pay a home-care nurse or attendant as well as be entitled to compensation for the expense of assistive devices like wheelchairs and canes. After an accident, a lot of injured victims require receiving medical treatment and care. This can be extremely expensive. This includes therapy and physical and occupational therapies. Victims of injuries are entitled to compensation for these costs in addition to the cost of transportation and accommodation for their journey to and from their appointments. It's also important to consider the non-medical expenses that may be associated with the accident, for instance the loss of enjoyment of activities you enjoyed before your injury. This type of damage can be difficult to quantify but it's important to document as precisely as you can. You can seek to recover the losses through two methods: a settlement or a lawsuit. A settlement is negotiations with the insurance company to settle a dispute outside of the courtroom. A lawsuit however, requires a trial and proof that your accident was caused by the defendant's negligence or reckless actions. A personal injury lawyer can help you to determine the best course of action for your particular situation.