How Valuable Is Your Life?
Understanding How Much You’re Entitled To
Though the primary focus of “Look Twice” is to ultimately save the lives of as many motorcyclists, travelers, and passengers as possible, we also want to encourage as many injury victims and families of fatal accident victims to have access to the information they need to take action against the parties who are responsible for causing these accidents.
With this in mind, it is important to consider what happens in the aftermath of an accident, how the claims process works if you pursue civil action, and what goes into calculating a personal injury settlement so that you can be more aware of what is to come while you and your family are still recovering from what has happened to you.
How are Claims Calculated?
Claims are calculated by taking into consideration all of the various ways your life has been impacted by the motorcycle or motor vehicle accident you were involved in. Many injury victims understand that they are entitled to seek repayment for their medical bills and the costs of repairing their vehicles, but are not aware of the other types of losses they can recoup.
For instance, injury victims can obtain compensation for things like diminished quality of life, loss of companionship and love, lost wages, damage to earning capacity, pain and suffering, emotional distress, loss of household services, and more.
For families of someone who has passed away due to their injuries, a wrongful death claim can be sought and, depending on where you live in the US, you could be entitled to all of the aforementioned losses, as well as funeral and burial costs, loss of inheritance, loss of society and guidance, and several other types of losses.
It is important to keep in mind that the types of losses you can seek will vary based on each state, but this article should give you a better idea of some of the losses you will discuss with your attorney, should you choose to work with one, to ensure that you are maximizing your settlement.
Once your lawyer has been informed of all of your losses and the impact they’ve had on your life, all that needs to be done is for these losses to be given a monetary value if they don’t already have one, and then added up to give you a total value of your losses.
This page has been provided for informational purposes only and should not be considered legal advice. Speak with an attorney if you need more personalized information.