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How to Calculate a Personal Injury Settlement 

June 22, 2020 By Adam Smith

Being in an accident is a difficult situation to experience, but you got through it. Now you’re trying to figure out how to file a claim against the person who hurt you. You’ve probably heard that you’re owed compensation for an accident caused by someone else, but how do you file a claim? How do you determine the right amount of money owed to you for your accident?

These are not easy questions to answer. The process of filing a claim for a personal injury accident is a legal one. Calculating a claim’s total value is best handled by a personal injury lawyer. Your lawyer will need to examine all of your losses, and collect evidence to prove them to win you compensation.

Adding Up Your Economic and Non-Economic Losses

Losses fall under two main categories. The first category is economic losses. This is all of the financial losses you have experienced directly related to your personal injury accident. For example, if you were hurt in a car accident, you could be dealing with property damage, medical bills, lost wages, and cost of physical therapy.

You can add up all of these losses to receive compensation for them. You can usually include future losses in this calculation, such as future lost income or medical bills.

The second category is non-economic losses. These losses are the non-monetary issues that your accident brought to your life. 

For instance, scarring and disfigurement are losses you wouldn’t have had to deal with had it not been for your accident. Other non-economic losses could include pain and suffering, mental trauma, stress, anxiety, lost life enjoyment, permanent injury, and more.

Calculating non-economic losses is more challenging than calculating monetary ones. You have to come up with an amount of money that you believe will make you feel whole again after experiencing these issues. Your lawyer can help you calculate the worth of your non-monetary losses.

What Else Does a Personal Injury Lawyer Do?

In addition to helping you calculate your claim so you can receive fair compensation, your lawyer will also perform several other tasks on your behalf. 

They can file your claim paperwork and give you legal advice. They can protect your rights and best interests. Your lawyer can help you investigate your accident and find proof to prove fault. They can handle insurance negotiations. They can even litigate your case if that step becomes necessary.

Connect with a Personal Injury Lawyer in Las Vegas

Bringing a personal injury claim against those who’ve wronged you is your right. You may need a little help, though. A Las Vegas personal injury lawyer can be by your side throughout this challenging legal process. 

Your goal is to win compensation and justice for what you’ve been through because of another’s carelessness. A lawyer at our firm wants to see you get the justice and compensation you desire. Call 702-929-2289 to reach Adam Smith Law or fill out the form below for a free case evaluation.

Filed Under: Personal Injury

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