What is My Injury Claim Worth?
If you have been injured by someone else’s negligence or recklessness, you may be wondering what your personal injury claim is worth. You may have significant medical expenses and you may be unable to work. Your bills may be piling up. You deserve compensation for your losses due to someone else’s actions or inaction.
A knowledgeable Jersey City personal injury lawyer can help you determine whether a claim is in your best interests. Our team of lawyers at Bhatt Law Group will evaluate your claim so that you understand the value of your losses. We will seek the maximum compensation possible from all responsible parties. Call Bhatt Law Group today at (201) 798-8000 to discuss your claim.
Types of Damages
The value of a claim is based on many factors and are closely tied to your economic and non-economic losses. Economic damages are those that have a specific monetary amount that can be proven with documentation. Non-economic damages are less specific and often subjective non-monetary losses that are valued in order to compensate you.
- Economic damages include medical expenses, property damage, lost wages, and other specific monetary losses.
- Non-economic damages include pain, suffering, mental anguish, loss of society, loss of companionship, loss of consortium, loss of enjoyment of life, and other inconveniences.
Value of Compensatory Damages
Both economic and non-economic damages are compensatory in nature. They are meant to compensate you for losses caused by someone else’s actions or inaction. The majority of the value of your injury claim depends on compensatory damages.
You may receive compensation for the cost of past and future medical treatment for your injuries. This includes all medical care related to the accident. You should be compensated for the treatment you have already received and for the estimated amount of medical treatment you will likely need in the future.
You are also entitled to compensation for your property losses, such as vehicles or personal belongings that were damaged or destroyed because of the accident. Your loss of use of property may also be calculated into that figure.
Additionally, you should receive compensation for lost income because of the incident. This would include income that you’ve lost due to missed days from work because of medical treatment, and also for income you would have received in the future if not for your injuries. For example, if you sustained permanent back injuries in an accident that prevent you from lifting boxes, which was a requirement of your job, then you might be unable to work in that job in the future. This is called “lost earning capacity,” which involves complex calculations and may require expert testimony on the effects of the injury on future work performance.
Other types of compensatory damages, such as those that are non-economic, pose more difficulty when assigning monetary value. For example, you may be entitled to receive compensation for pain and suffering caused by an accident or that you incurred during medical treatment. You may even be able to recover for continuous and ongoing pain caused by your injuries. You may get compensation for emotional distress, which includes all of the mental and emotional impacts of your injuries, including anxiety, fear, or post-traumatic stress. These damages can account for a large portion of your recovery, but can be complicated to prove.
In addition to compensatory damages, you may be entitled to punitive damages. These are damages that are intended to punish the liable person or company for their conduct and to deter similar actions in the future.
To qualify for punitive damages, the conduct in the case must have been so egregious as to show actual malice or a wanton and willful disregard of others. In New Jersey punitive damages cannot be more than five times the amount of compensatory damages awarded or $350,000, whichever is greater.
Call a Jersey City Personal Injury Attorney Today
Bhatt Law Group has been helping people in New Jersey with their personal injury cases since 2006. We know the kind of investigation and evidence it takes to prove a claim and to ensure that you get the maximum compensation you deserve for your injuries. We will take the time to listen to you, and you can be confident that a team of attorneys is closely analyzing all the facts of your case.
Call Bhatt Law Group at (201) 798-8000 for a free initial consultation with one of our attorneys.