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How Much Compensation Can You Get for a Personal Injury?

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Posted on May 17, 2024

Experiencing an injury can profoundly impact your life, causing trauma and significant changes. Beyond enduring physical discomfort and emotional upheaval, you may grapple with increasing medical expenses, loss of income, and additional financial pressures. Additionally, if someone else’s actions caused the accident that harmed you, you may be feeling anger and resentment.

In such circumstances, seeking compensation becomes crucial, as it relieves financial strain and ensures access to necessary care and assistance throughout the recuperation process, as well as allowing you to pursue justice. A seasoned personal injury attorney can take on the pressure of filing your claim so you don’t have to manage it.

Generally, personal injury compensation falls into two main categories: economic damages and non-economic damages.

Economic Damages:

Economic damages are compensation for the measurable, quantifiable losses you’ve incurred due to your injury. These may include:

  • Medical expenses: This includes the cost of hospitalization, surgeries, medications, rehabilitation, and any future medical treatment you may require.
  • Lost wages: If your injury has prevented you from working, you may be entitled to compensation for your lost wages during your recovery period.
  • Loss of earning capacity: Sometimes, your injury may prevent you from returning to your previous job or earning the same income level. Compensation for loss of earning capacity can help compensate for this long-term financial impact.
  • Property damage: If your personal property, such as a vehicle or expensive equipment, was damaged in the accident, you may be able to recover the cost of repair or replacement.

Non-Economic Damages:

Non-economic damages are compensation for losses that are typically more challenging to quantify but equally important elements of the physical and emotional toll your injury has taken. These losses may include:

  • Pain and suffering: This covers the physical pain, emotional anguish, and overall discomfort you’ve experienced due to your injury.
  • Loss of enjoyment of life: If your injury has prevented you from engaging in activities you once enjoyed, you may be entitled to compensation for this loss.
  • Disfigurement or scarring: Injuries that result in permanent disfigurement or scarring can significantly impact your self-esteem and confidence.
  • Loss of consortium: In some cases, your injury may have negatively impacted your relationship with your spouse or partner, leading to a loss of companionship, affection, or intimacy. Compensation for the loss of consortium can help address this loss.

The compensation you ultimately receive hinges on the distinct details of your situation, along with the proficiency of your personal injury lawyer in negotiating with insurance firms or delivering a compelling argument in court.

Contact Holley, Rosen & Beard, LLC

In the event of an injury caused by another party’s negligence, securing legal representation is paramount. At Holley, Rosen & Beard, LLC, our attorneys understand the hurdles you confront, and we are committed to advocating for your rights. We are devoted to securing the compensation essential for your recovery and progression towards a brighter future.

Remember, you don’t have to handle this complex process alone. If you need assistance with a personal injury claim, don’t hesitate to call Holley, Rosen & Beard, LLC at (217) 544-3368 or contact us online for a free consultation.