One of the often asked questions about a personal injury claim is, “what is my injury worth?” Unfortunately, the answer is not very satisfying. For most people, no amount of money is enough to pay for their injury. Money cannot heal broken bodies; money cannot restore a person’s dignity and a feeling of self worth; money cannot bring back a lost loved one.
That being said, money is about the only way we have of trying to make up for an injury or a loss of life. This means that someone must place a value on each injury, each life, and there are some very harsh realities when that happens. Figuring out how much your accident injuries are worth is a critical aspect of any personal injury claim, and it's the part of a claim that is most difficult to determine; the amount varies depending on your very particular circumstances.
What an Insurance Company Must Compensate
To determine what your claim is worth, you must first know the types of damages for which you may be compensated. Usually, a person who is liable for an accident -- and therefore his or her liability insurance company -- must pay an injured person for:
- medical care and related expenses
- income lost because of the accident, because of time spent unable to work or undergoing treatment for injuries
- permanent physical disability or disfigurement
- loss of family, social, and educational experiences, including missed school or training, vacation or recreation, or a special event
- emotional damages, such as stress, embarrassment, depression, or strains on family relationships -- for example, the inability to take care of children, anxiety over the effects of an accident on an unborn child, or interference with sexual relations, and
- damaged property.
If you have been injured in an accident, it is important to speak with a qualified attorney that can help you in determining your claims worth. Every case is different and it is important to let your attorney help in deciding what is fair and just.
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