Personal Injury Law: Economic Damages That A Personal Injury Victim Is Entitled To

Economic damage is a verifiable loss that has a monetary value. The compensation is paid to the victim, or in the case of death, the victim's family, to reduce the pain caused by the injury resulting from negligence. This compensation is meant to help make the life of a victim or their family whole again. 

As such, it is important to keep every receipt from treatment, funeral costs, car repairs, and any other expense related to the accident. These documents will form part of the evidence your personal injury lawyer will use to claim compensation from the insurance company. This article looks at various economic damages you can claim from a negligence-related accident.

The Medical Bills Incurred During Treatment

If you get hurt due to someone else's negligence, the negligent party is responsible for all your hospital expenses. Medical compensation will encompass everything your doctor highlights in your treatment plan, including hospitalization, medication, therapy, surgery, and adaptive equipment. The compensation should also include future treatment because some injuries may be permanent or have life-long complications.

The Loss of Income Due to Termination from Work

Lost earnings or wages refer to monetary loss of income that you'd have otherwise received from your employer or business had the accident not happened. Commissions from sales and bonuses are also considered lost income. But when you suffer immobilizing injuries that prevent you from working, you must link the at-fault party's negligence to your absence from work. In that case, you'll need the assistance of a personal injury lawyer to gather relevant evidence. 

The Pain and Suffering Resulting from the Accident

In an injury lawsuit, the court can order that your pain and suffering be inherently calculated to get the value of the compensation you should receive. However, you and your lawyer must provide evidence of the pain and suffering you've undergone after encountering the accident. This evidence includes medical reports from psychological therapy sessions and medication prescribed for mental and physical pain.

The Expenses and Losses Resulting from Death

Death resulting from someone else's negligence is referred to as wrongful death. The deceased's parents, spouse, or children file a claim and are awarded compensation. Usually, the beneficiaries are compensated for the loss of their kin, loss of companionship, death and funeral expenses, emotional anguish of loved ones, and loss of monetary contribution. Again, your lawyer is invaluable in collecting evidence to demonstrate how the death of your loved one has affected your family. 

Personal injury law is complex and diverse. Therefore, failing to seek legal representation can be a great undoing. The professional guidance of a personal injury lawyer will go a long way in achieving much-needed success in the case. 

For more information, contact a personal injury lawyer near you.