How Much Compensation is Offered for a Personal Injury Claim?

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How Much Compensation is Offered for a Personal Injury Claim?

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Many people question whether filing a personal injury claim is worth their time or effort. Something that helps determine this is finding out how much compensation you could be eligible for, and this varies on the circumstances, the severity of damages, who was involved, and other factors. Consider discussing your situation with a Tampa personal injury lawyer to start calculating how much compensation you could be eligible for.

Types of Compensatory Damages

There are three main types of compensatory damages that might be involved with your personal injury claim. These include economic damages, non-economic damages, and punitive damages. Each type of damage comes with different requirements for proving them.

Economic damages tend to be the easiest to prove because they involve easily measurable financial losses. Receipts, bill statements, cost estimates, and other paper documents can be used as evidence to calculate these damages. Common examples of economic damages tied to personal injuries include:

  • Property damagesHow Much Compensation is Offered for a Personal Injury Claim?
  • Vehicle repair costs
  • Lost wages
  • Medical bills
  • Medication costs
  • Costs of traveling

Other economic damages that involve future lost finances might be harder to prove. These involve cost estimates. Some examples include future lost wages, future medical bills, and loss of business opportunities as a result of the injury. All of these damages must have been caused by your personal injury.

Non-economic damages might be the hardest to prove because they involve subjective damages. These damages are difficult to measure and may require witness testimonies. Common examples of non-economic damages include:

  • Pain and suffering
  • Emotional or psychological distress
  • Inconvenience
  • Loss of companionship
  • Loss of enjoyment of life

Many of these damages are awarded in cases that involve the most severe injuries. These are typically associated with additional compensation. Severe injuries may result in long-term pain, lifelong impairments, and loss of enjoyment.

Punitive damages are rarely awarded because they are only offered as punishment for the most severe cases. This involves cases where the party who caused the injury acted with severe negligence.

How to Maximize Personal Injury Compensation

Several steps can be taken to maximize personal injury compensation. When filing a personal injury claim, the most helpful way to increase compensation is evidence. Collect and submit as much evidence as possible. This means documents, records, pictures, videos, and anything else.

Do not accept the first settlement if the offer is not enough to cover all of your damages. You may have more legal options for maximizing your personal injury compensation. Try contacting a Tampa personal injury lawyer to find ways to increase the compensation you were offered. This may involve collecting more evidence, taking the case to trial, and testimonies.

Not everyone wants to take the case to trial. Consider talking with a lawyer about other options like negotiations, mediation, and arbitration.

Tampa Personal Injury Lawyer

You may not have to settle for less compensation. Contact the Rebein Law Firm by dialing (813) 305-7285 to speak with a Florida personal injury attorney for a free consultation today. Our team of lawyers can help you maximize your compensation for lost income, pain and suffering, and medical costs. We are located throughout the Florida cities of Tampa, Hillsborough, Pinellas, Sarasota, Manatee, Pasco, and Polk County.

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