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How to Calculate a Personal Injury Settlement

Being involved in an accident that was brought on by another person’s negligence isn’t just frustrating. In many cases, these accidents lead to severe injuries that impact your quality of life and your ability to provide for yourself and your family. Luckily, filing a claim against the liable party can help you recover the compensation you need to get by.

To do this successfully, you may need help from the team at Kohan & Bablove, LLP as you assess your damages and seek the right amount of compensation. We’ll know how to calculate your personal injury settlement. Below, we explain what you need to know to get started.

Medical Expenses

To start, you’ll need to figure out what you’ve already spent on medical care. This will include costs like hospital bills, ambulance fees, doctor appointments, and medications. It may also include expenses from rehabilitation programs, medical equipment, and travel costs.

Additionally, your lawyer will seek an estimate from a healthcare professional to determine what it will cost to treat your injuries in the future so you are never left without coverage.

Lost Wages

The next step in calculating a personal injury settlement will be taking a look at your lost work wages. Of course, you’ll want to include any wages you’ve already lost during your recovery period. However, you’ll also want to include lost earning capacity to ensure you are always able to provide for yourself and your family.

Non-Economic Damages

Finally, our attorneys will calculate any non-economic damages involved in your accident. This is a bit more difficult to determine, as non-economic don’t possess a set dollar amount like medical costs and lost wages.

Instead, these damages are given a value based on an estimation of their severity. This may include factors like mental anguish, pain and suffering, emotional trauma, loss of enjoyment of life, and loss of consortium.

An Injury Lawyer Can Help You Calculate Your Settlement

To ensure the proceedings go smoothly and you stand the best chance of garnering a favorable outcome, call the knowledgeable lawyers at Kohan & Bablove, LLP for assistance. We’ll calculate the value of your personal injury settlement and provide you with the aggressive representation needed to make sure you get every cent.

To schedule a free initial consultation with us, head to the bottom of the page and fill out our online contact form. You can also reach us by calling our office at 1-844-404-2400.