How Your Settlement Is Calculated for Your Personal Injury Claim

Tormey & McConnell May 12, 2022

Speak with A Personal Injury Lawyer in Amarillo to Calculate Your Injury Case

If you have suffered an injury due to the negligent acts of another person, you could receive compensation for your injuries. Whether the injury was caused by professional malpractice, a slip and fall, or traffic collisions, you should not suffer without being compensated for the pain you’ve experienced. According to the Centers for Disease Control and Prevention (CDC), “There were 146,571 unintentional injury deaths and 30.8 million emergency department visits for unintentional injuries.” If you or someone you love have been a victim of an injury, a personal injury lawyer in Amarillo can help. The attorneys at Tormey & McConnell not only understand the different components that can be used to calculate an injury case but will treat every client that walks through our doors with respect and as a top priority. Many victims are unaware of the specific damages they can claim after an injury. Our attorneys can help you file a claim to receive coverage for any damages caused by an accident.

Calculating An Injury Case

Suffering an injury can be overwhelming and drastically change an individual’s life. Physical injuries are only part of the recovery, especially when there are lost wages and medical bills involved. Victims can become stressed and worried about what their future will hold after being in an accident. Whether it’s a work-related injury or car accident, we want to lessen these worries by fighting for those who have been a victim of an injury. Every injured victim that suffered at the hands of someone else’s careless actions deserves to be compensated for their pain. Compensation is based on various factors that include economic and non-economic damages.

Economic Damages

Economic damages, also known as special damages, are monetary damages that resulted from an accident. For example:

  • Medical expenses

  • Lost earnings

  • Pecuniary damages, which is the loss of past and future income

  • Future medical expenses

  • Rehabilitation

  • Cost of medication

  • Cost of medical equipment

Whether a victim is filing for economic or non-economic damages, it’s essential to first seek a medical professional after an accident has occurred. When people fail to have their injuries evaluated by a doctor, it can negatively impact their ability to receive compensation if they decide to file a claim. No matter how minor or severe the injury is, seeking medical attention is important in personal injury cases and ensuring your own health. Furthermore, it’s vital to keep all documents such as medical records and billing information, because it can be used as evidence towards proving the other party’s fault in the accident.

If a victim does seek medical attention and files a claim, a compulsory medical examination could be required although the victim has already been checked by a doctor. A compulsory medical examination is when the defendant and their insurance company request a second medical opinion. When this happens, the plaintiff, by law, is required to receive a second opinion.

Non-Economic Damages

Non-economic damages, or general damages, include pain and suffering and emotional distress one may have suffered after an injury. It can be challenging to determine an actual dollar amount for these types of damages, but a personal injury lawyer in Amarillo can assist a victim with these type of claims. These damages include but are not limited to:

  • Stress

  • Loss of consortium

  • Physical pain

  • Reduced quality of life

  • Disruption to daily routine

While these special damages aren’t as clear as medical bills and other economic damages, their effects are just as harmful to a victim’s everyday life. If you have experienced non-economic damages after an accident, an experienced lawyer can guide you through the tricky legal claims process. It is just as important that you receive compensation for non-economic damages.

Contact a Knowledgeable Attorney in Amarillo

In injury cases, settlement negotiations are typical with the victim or plaintiff beginning with a high amount and the insurance company starting low. Our attorneys can help negotiate the proper compensation amount for your case. We know that insurance adjusters try to make victims settle for a lower payoff than they deserve in order to lower the amount coming out of their pocket. If you or someone you know have been a victim of an injury, our lawyers can help calculate the right compensation for your damages and fight for the highest amount possible.

In some cases, compensation can be negotiated between the victim and the insurance company involved. However, every claim is different and insurance companies know victims are vulnerable after an accident, so they will attempt to take advantage of the situation. Our lawyers help fight for the highest compensation our clients rightfully deserve for their injuries. At Tormey & McConnell, we have a genuine concern for every person that walks into our office, and we will put our experience to work for each client. We have been in business since 1998, dedicating our entire practice to representing victims of injury. Let us go to bat for you. Call us today, or fill out our free case review form.