It can be tough to set a dollar amount for the injuries suffered in an accident or act of neglect. Among the many things to consider are doctor’s bills, time lost from work, medical costs for ongoing injuries, pain and suffering, not to mention future lost earnings, miscellaneous expenses, and the impact upon your loved ones. Insurance companies take all of these factors into account when deciding how much to offer — and ultimately pay out — for a personal injury claim.
In a personal injury case, compensatory damages typically encompass all economic losses caused by the injury including past and future medical expenses, loss of past and future earnings, and, if the disability is permanent, the loss of future earnings through retirement. In addition to economic loss, you may also be entitled to be compensation for non-economic losses such as pain and suffering, emotional anguish, and loss of enjoyment of life.