How to Calculate a Personal Injury Settlement
If you were hurt in an accident that wasn’t your fault, you have the right to take legal action against the responsible party. However, to make the most of this venture, you’ll need to be properly prepared. Part of that preparation involves knowing how to calculate the value of a personal injury settlement.
Our team at Joel H. Schwartz, PC understands that, if you aren’t familiar with this area of the law, you might be confused about how to begin. To help ensure you are awarded all the financial help you need, we’ve highlighted a few aspects to consider below.
To start, you and your personal injury attorney should calculate the amount of money you’ve already spent on medical expenses. You should also get a professional’s opinion on what you will likely have to pay in the future for your injuries. These estimates and calculations should include the following:
- Hospital stays
- Doctor appointments
- Travel costs
- Rehabilitation programs
- Medical equipment
- Ambulance fees
You should also take your work wages into consideration. This part of calculating your personal injury settlement will involve adding the cost of all the wages you may have lost while you were in recovery to the wages you’re expected to lose in the future because of your injuries.
Finally, have your attorney evaluate your non-economic hardships. Although these damages don’t impact your bank account, you still deserve compensation for them. Non-economic damages may include factors like loss of consortium, mental anguish, loss of enjoyment of life, emotional trauma, and more.
Call a Personal Injury Lawyer
Now that you know how to calculate a personal injury settlement, don’t wait to get in touch with our team. We will help you determine what your claim is truly worth, and then we will provide you with the aggressive representation you need to win every cent.