What Should Be Included in My Personal Injury Settlement?

Unexpected and sudden events can disrupt your life, especially if those events took place because of someone else’s carelessness. Dealing with the consequences is never easy, and finding the right path to follow in the aftermath of an accident can make you feel stressed and overwhelmed, which is the last thing you need when you’re injured. 

For this reason, it’s important that you seek justice and file a personal injury claim in order to make things right. It wouldn’t be fair to pay out of your own pockets for mistakes you didn’t commit. You weren’t the cause of your injuries, that’s why you’re entitled to compensation.

If you proceed and take legal action against the at-fault party, you’ll have to deal with different strategies that will be used against you in order to deny your claim and stop you from getting adequately compensated. While a lawyer’s help is crucial in this situation, knowing what should be included in your personal injury settlement can help you understand what you should or shouldn’t do after an accident. 

Medical Expenses and Ambulance Ride

Depending on the nature of the accident itself and the circumstances that led to your injuries, you might experience a significant loss of enjoyment of life, especially if what happened to you requires lifelong treatment. Seeking medical care is expensive, and if additional devices are required in order to make a full recovery, the situation can get even more complicated.

Fortunately, your personal injury settlement will cover all your past, current, and future medical expenses, including anything you may need in order to live in an acceptable manner. Prescriptions and regular exams are also considered when calculating the exact amount of compensation you deserve, as well as costs included in the medical billing process. 

Property Damage

If any property that you own at the time of the accident was damaged as a result of negligence, it is possible to be compensated for repair or replacement costs. For example, if your vehicle was completely destroyed after a high-speed collision with a distracted driver, they will be considered liable for the damage caused and will have to proceed accordingly. 

Lost Income

Recovering from an injury, especially a severe one, takes a certain amount of time. During this period, you could find yourself unable to work. Losing your ability to generate income can cripple your savings account or your finances in general if you don’t have one, generating additional stress and slowing down the healing process. 

Filing a personal injury claim allows you to recover lost wages and benefits that you would have normally received if you weren’t injured. If you’re permanently unable to return to your job, it’s also possible to be compensated for future lost income. 

Pain and Suffering

When examining damages from a legal point of view, your physical injuries aren’t the only thing that will be considered during calculations. Your pain and suffering is also a part of your personal injury settlement, even if it doesn’t have a specific monetary value that can be assigned immediately. 

These damages include all the emotional harm and physical discomfort you had to experience as a result of the accident, including post-traumatic stress disorder (PTSD), depression, anxiety, mental anguish and loss of quality of life. If you need counseling to cope with your injuries, it’s possible to recover eventual future costs about the services you may need. 

Why You Shouldn’t Just Trust the Insurance Companies

Many accident victims fail to receive the money they deserve because they let insurance companies make important decisions on their behalf. Insurance adjusters will contact you as soon as possible after the accident, portraying themselves as extremely friendly professionals. They want you to trust them and will try to convince you that they only want the best for you.

What you shouldn’t forget is that insurance companies are a business, and their priority is to protect their profits. If you make a statement or talk about the accident, they’ll use your words against you to make it seem like you’re exaggerating your injuries, so they can avoid paying. 

It’s recommended to avoid giving out more than your basic personal information and you should never accept any lowball settlement offers. 

Learn How a Personal Injury Lawyer Can Protect You

Protecting your rights while you’re stressed and injured can be complicated and taxing on your health. Legal issues shouldn’t interfere with your recovery, that’s why at Kohan & Bablove Injury Attorneys, we always prioritize your interests before anything else.

We can speak on your behalf and protect your rights while you recover from this stressful experience. Call 1-844-404-2400 or fill out the online contact form below to schedule your free case evaluation.