Calculate Personal Injury Compensation
How personal injury compensation is calculated largely depends on your circumstances. Your attorney will consider various aspects of your situation when determining what you’re owed. This involves considering your financial losses and portion of fault, among other factors.
Florida does not limit how much you can pursue for your injury-related losses. This means, when requesting damages for your pain and suffering, there is no limit to what you can seek. Call the Law Offices of Wolf & Pravato to learn more at (954) 633-8270.
These Factors Could Affect How Much You Can Recover
Your losses all come with inherent values. However, these factors could also affect your lawyer’s calculations:
Whether You Contributed to the Accident
Florida Statutes § 627.7407 deems Florida a “no-fault” state. This means, if you suffered harm in an accident, you can pursue damages even if you contributed to your injuries. Yet, your portion of fault directly affects how much you can seek.
Consider this scenario:
- You were involved in a car accident.
- It’s determined you caused 20 percent of the collision.
- Your losses total $1 million.
- Under the law, you could recover $800,000.
Your Fort Lauderdale car accident attorney will use evidence, including witnesses’ testimony, to combat unfair allegations of fault. This way, they can pursue what you’re rightfully entitled to recover whether through a claim or lawsuit.
The Severity of Your Condition
Compensation in your case could account for your necessary medical expenses. Your lawyer will consult with your healthcare team to fully understand your condition. Then, using that information, they’ll calculate and pursue what you need.
Your Quality of Life
Financial recovery goes beyond your monetary losses. It should reflect your quality of life after suffering grievous harm. Your lawyer will assess your mobility, earning power, and relationship with others to determine what you need.
An Attorney Can Seek Everything You Deserve
In a personal injury case, you could seek both economic and non-economic damages. Here’s what you need to know:
Economic Damages Account for Your Monetary Losses
Economic damages are the monetary losses you experience due to the accident. Your personal injury attorney will add up your receipts, invoices, and billing statements to determine their value. They may also consult with field experts (such as economists) to further understand your losses.
Examples of economic damages include:
- Medical bills: You can include any medical care you need to treat your injuries. This includes medications, doctors’ appointments, hospitalization, and other necessary healthcare services.
- Lost income: Your injuries may have required you to miss work. Financial recovery could account for lost tips, bonuses, and employee benefits.
- Diminished future earning capacity: Your injuries may permanently hurt your earning power. Your financial award could account for the difference in your earning power.
- Property damage: If you suffered harm in a collision, your car may have experienced damage. You deserve funds for the cost of any necessary repairs or replacements.
- Funeral expenses. Your settlement could pay for the cost of laying your loved one to rest. This would provide funds for their burial, cremation, memorial, and more.
Non-Economic Damages Reflect Your Hardships
Non-economic damages compensate the injured party for their non-monetary losses. Examples include:
- Pain and suffering: Pain and suffering compensates the injured person for their physical pain and emotional suffering. As noted, Florida does not cap how much you can recover for pain and suffering. That is, unless you suffered medical malpractice.
- Emotional distress: You may have suffered anxiety and depression as a result of your accident. Compensation in your case could account for those hardships.
- Loss of enjoyment of life: After sustaining an injury, you may not have the ability to participate in activities you once enjoyed. If so, you can include this in your case’s value.
- Loss of consortium: If you lost a loved one due to negligence, compensation could account for the loss of their care, society, and companionship.
Non-economic damages are more difficult to calculate than economic damages. That’s because they don’t come with documentation. Your personal injury attorney Fort Lauderdale will use a calculation method that reflects your situation and advocate for what you need.
You Have a Limited Time to File a Personal Injury Lawsuit in Florida
According to Florida Statutes § 95.11, you must file a personal injury lawsuit within four years of getting hurt. Even if you’re owed millions of dollars, if you file your lawsuit outside of this period, you could lose the right to seek damages.
Your lawyer can do more than calculate your personal injury compensation. They can also file your lawsuit within the appropriate deadline. Doing so protects your right to legal action and allows you to seek damages.
A Personal Injury Attorney Can Calculate Compensation
If you suffered harm, a personal injury lawyer Florida from the Law Offices of Wolf & Pravato can calculate your personal injury compensation. We offer free case reviews where you can explore your options and initiate the legal process. We work on contingency, so you owe nothing for our help until your case ends. Contact us at (954) 633-8270.
