Tuesday, January 28, 2014

How Much Money Will I Get For My Injuries?

If you are considering filing a personal injury claim or lawsuit, you are likely wondering how much money you could receive. Many victims of negligent accidents are unsure if they will be awarded the amount of money the need and if it will be worth the time and trouble of taking legal action.

While every case is different, the amount of money you could recover through a personal injury claim or lawsuit will be impacted by a number of different factors.
  • Extent of your injuries. Typically, long-term injuries, such as amputation or brain trauma, result in more compensation than injuries that heal quickly, like a broken wrist.
  • Cost of medical care. This includes fees for the ambulance, emergency room care, surgery, medication, hospital stays, and medical equipment.
  • Loss of income. You could be compensated for wages you missed during your recovery.
  • Loss of future earning capacity. If you suffered an injury that negatively impacts your ability to earn a living, you could be compensated for this loss.
  • Your age. The length of time that you will have to live with the injury could affect the amount of money you receive.
  • Property damage. You could be reimbursed for any damage done to your personal property during the accident, such as your vehicle, electronics, or clothing.
  • Emotional distress. In some cases, victims can be compensated for the psychological trauma they experienced as a result of the accident or injury.
  • Loss of enjoyment. If your injury has forced you to give up normal activities like exercise, playing an instrument, or other activities and hobbies, you could receive additional compensation.
  • Pain and suffering. You could receive more money if you suffered severe pain and discomfort as a result of your accident.
Additionally, the court or insurer will also consider such factors as:

Who was at fault for the accident?
If the defendant was completely responsible for the accident, you will likely receive more compensation. If you were even partially at fault for the accident, however, you will receive a smaller award.

Are you within the statute of limitations?
Each state has a timeframe that determines how long after an accident a victim can seek compensation. In the state of Nevada, a victim has 2 years from the date of the accident to file a personal injury lawsuit.

What is the damages cap?
Most states put caps on the amount of compensation victims can receive for different types of injuries and damages. Depending upon your specific case, you may be able to only recover a limited amount of money.

Have questions about your case and the amount of money you could be entitled to? If you are in the Las Vegas area, don’t hesitate to contact De Castroverde Law Group. Visit our Personal Injury section to learn more!