Recovering Compensation for an Accident

When an individual attempts to recover for losses from an accident due to another party’s negligence, he/she often wants as accurate an estimate as possible regarding potential monetary compensation. However, even conservative estimates are difficult in early stages of claims, as each case is unique and often incomparable to others.
Of course, it must first be established that there is a case at all.

No injury victim should simply assume that they have a case, are entitled to compensation, and will eventually receive it. Due largely to tort law, some cases simply will not hold up in court, while others may be negotiated and settled without the need for a lawsuit. Also, one’s personal injury case should not be compared to similar cases which had positive outcomes, as even nearly-identical injury cases may have different results.

Here are four common types of damages for which an accident victim may recover compensation – two economic and two non-economic:

Economic
Medical expenses – Estimates for both current and potential future expenses may be calculated based on procedures, if any, which an individual has undergone since the accident, as well as up-to-date medical bills.
Lost wages/earning capacity – This refers to how much work has been missed while the individual recovers and how much more work they may miss in the future. Those who are no longer employable in their previous positions after suffering an injury in an accident may be eligible for compensation for a difference in income if they must work a lower-paying job.
Non-Economic
 
Pain and suffering/lost quality of life – This category is generally the most difficult for which to supply an estimate and almost never clear-cut. There are a number of factors which must be considered and well-supported by appropriate forms of evidence for this due to be valid.
Loss of consortium – This topic is particularly sensitive and refers to the loss of love and companionship between you and your spouse following an injury in an accident. Due to its complexity, it is essential to speak with your attorney for proper evaluation.
Leading up to a potential lawsuit, determining in advance how much it may be worth is never an easy process.

If you or a loved one has been injured in an accident, contact 844 See Mike, LLC for a free consultation. We are a Chicago-based injury law firm representing individuals (and their families) who have suffered an injury in an accident. We will handle your case quickly and advise you every step of the way, and we will not hesitate to go to trial for you.

Lastly, 844 See Mike is not paid attorneys’ fees unless we win your case. Our no-fee promise is that simple. You have nothing to risk when you hire us – only the opportunity to seek justice.