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What Is an Injury Settlement? An injury settlement is an agreement between the plaintiff and the defendant to settle the case outside of court. It is a fast and efficient way to get compensation. Non-economic damages are more difficult to quantify in dollars. This includes things like pain and suffering. Medical expenses Depending on the severity an injury, medical expenses could be a significant portion of the settlement. These costs can include doctor visits, medication as well as surgery. These costs are typically not covered by insurance and may be costly. In the majority of cases, there are ancillary expenses associated with injuries, such as home healthcare adaptive devices, transportation to medical appointments, and many more. Medical bills are usually covered by your private health insurance plan, Medicare, Medicaid or PIP. If you are awarded a settlement with medical bills that have not been paid the funds received from the settlement will be used to pay them. Your attorney can work to negotiate with the billing companies and try to get the balances reduced. Your lawyer can also determine the appropriate amount of damages you should pay to pay for your other non-medical loss. This includes loss of future earnings, pain and suffering and other non-economic losses. Your attorney will need to provide expert testimony and documentation of these damages in order to make a proper claim. Lost wages In addition to compensation for medical costs, injured victims may also be entitled to compensation for lost wages. These damages are calculated according to the amount of time that the person was absent from work due to their injuries. A personal injury lawyer can assist their client collect lost wages as compensation in a personal injury case. You may be forced to miss a significant portion of work if you suffer a traumatic brain injury, spinal cord injury or both. This means that you'll have to prove that the time you didn't work was directly correlated to the accident. It is crucial to include all income sources in proving the loss of wages. This includes regular wage and overtime, bonuses and commissions. You can also include unused vacation or sick days. If your doctor has decided that you are able to return to work with certain restrictions, then the employer must adhere to these limitations. This might involve changing certain aspects of your job or supplying helpful equipment. A personal injury lawyer who is knowledgeable will assist you in gathering the required information to back your claim for lost wages. They can also assist with a case in which the victim is self-employed or has a variable salary. In these cases, the insurance company will have to look over the person's previous and future earnings and provide a reasonable estimate of the future loss of wages. This will likely require a thorough financial statement from the plaintiff's accountant or financial expert. Non-economic damage When people think of personal injury claims they typically think of the money lost due to medical expenses and lost wages. There are other costs that are hard to quantify in dollars. injury lawyer colorado springs are known as non-economic damages. These damages cover the intangible effects a person's injury, like suffering, pain and loss of enjoyment of life. Economic damages are easy for courts and juries to calculate, as they can be substantiated by bills and pay stubs. Non-economic damages, on the other hand are more difficult to determine and could be based on subjective factors like pain, suffering, and emotional distress. Pain and suffering can refer to any mental, physical or emotional pain that results from the accident. It could also include an individual's inability at their normal social or hobbies. A jury will examine the impact of the injury the victim's life. Other damages that are not economic include disfigurement, loss in consortium, and loss in enjoyment of life. A person may suffer disfigurement due to an accident that permanently alters their appearance. This isn't a cost to the financial side however it can be painful to endure scars or other permanent injuries. Damages for pain and suffering Pain and suffering are non-economic damages that compensate you for the emotional and physical distress caused by your accident. As opposed to medical bills, auto repair costs and lost wages they are more subjective damages which must be determined by a jury. Each juror has their own opinion on the amount of compensation for the pain and suffering that they suffer is appropriate in your particular case. One way to assist a jury to understand the extent of your injuries is to provide documentation. Your attorney can gather documents from your doctor that provide details of your injuries along with video footage and photographs. Testimonies from family and friends can also be persuasive. These testimonies can help build feelings of sympathy among jurors and show how your injuries have affected your hobbies and activities with your family. The length of your injuries may also influence the amount of your pain and suffering settlement. Disabling, severe injuries usually warrant higher pain and suffering settlements than injuries that heal more quickly. Injuries can cause a lot of emotional trauma and stress and a successful claim for injury should reflect that. A personal injury lawyer can help you create an effective case and work towards a fair compensation for all of your injuries. If you have any questions about an injury settlement contact Adam S. Kutner & Associates to schedule a consultation.