Matos Personal Injury Lawyers

You can seek compensation for both economic (financial) losses and non-economic (non-financial) losses. Examples of economic losses that are often suffered by car accident victims include: Past and future medical expenses, including ER visits, hospitalization, surgeries, and doctor’s visits Lost wages Reduced future earning potential Medications and medical devices Nursing care In-home assistance Rehabilitation Property damage to your vehicle Out-of-pocket expenses Examples of non-economic damages include: Pain and suffering Emotional distress Anxiety Depression PTSD and fear Diminished quality of life Inconvenience Physical disfigurement and scarring Loss of consortium These non-economic damages are often referred to as “pain and suffering damages.” Pain and suffering can be extremely complicated. The pain you experience has no clear economic value. Insurance companies often use complex formulas and multipliers to determine the value of your pain, suffering, and distress. Most often, insurance companies will choose a multiplier between 1.5 and 5, depending on the severity of your injuries. They’ll multiply the value of your economic damages by the chosen multiplier to calculate your non-economic damages award. Calculating pain and suffering damages isn’t an exact science. It’s important to have a skilled attorney by your side to advocate for a value that fully compensates for your losses.

Many unique factors will influence your case value. Crashes that cause extensive injuries, long-term disabilities, or permanent disabilities tend to be worth the most. Some of the primary factors that our lawyers will evaluate when assessing your case value include: The overall severity of your injuries and your doctor’s prognosis The cost of your medical treatment The duration of your recovery Whether you will miss work and lose income during recovery Whether you’ll suffer any permanent disability that impacts your earnings or quality of life How the trauma of the crash has impacted your emotional well-being Whether you contributed to the crash Our accident lawyers will invest the time and attention necessary to accurately assess your case value. Before accepting any insurance offer, it’s important to have an accident attorney review your case. We’re always available to discuss your case and do our best to get you the answers you need. Call our law firm today to schedule your free case review.