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What Is an Injury Settlement A settlement agreement is a written agreement between the defendant and plaintiff to settle the dispute outside of court This is a great way to receive compensation quickly As opposed to special damages which can be easily calculated but noneconomic damages are difficult to determine in a precise dollar amount This includes things like pain and discomfort Medical expenses Based on the severity of an injury medical costs can be a substantial portion of the settlement These expenses can include doctor visits medication and even surgery Often these expenses are not covered by health insurance and can be very expensive In addition in a lot of cases there are additional costs that come along with the injuries such as home healthcare adaptive devices transportation to medical appointments and more Medical bills are usually paid by your private health insurance Medicare Medicaid or PIP If you get a settlement that has medical bills that are not paid the funds received from the settlement will be used to pay these Your attorney can negotiate with billing companies in order to reduce the amounts Your lawyer can also determine the appropriate amount to cover any other losses that are not medically related This includes loss of future earnings pain and suffering and other noneconomic damage To make a claim your attorney must to submit documentation and expert testimony regarding these additional damages Loss of wages In addition to the compensation for medical expenses injured victims could also be entitled to lost wages The amount of damages is based on the amount of time the person was absent from work due to their injuries A personal injury lawyer can help their client collect lost wages in a personal injuries claim A traumatic brain injury or spinal cord injury for instance could force you to miss significant amounts of work This means that youll have to prove that the amount of time you were absent was directly linked to the accident When proving that you lost wages you need to include any and all sources of income This includes regular wage overtime bonuses and commissions You can also include unused vacation or sick days If your doctor has decided that you can return back to work with a few restrictions then the employer must respect these limitations This could mean changing your job or supplying you with helpful equipment A personal injury lawyer whos knowledgeable can assist you in gathering the information needed to support your claim for lost wages They can also assist in cases when the person who has suffered an injury is selfemployed or earns an undetermined salary In these situations an insurance company will have to look at the past and future earnings of the victim and provide a reasonable estimation of future lost wages This will require a complete declaration from the plaintiffs accountant or financial expert Economic damages When people think of personal injury damages they usually consider the money lost due to medical expenses and lost wages There are other expenses that are difficult to quantify in dollars These are known as noneconomic damages These damages are for the intangible effects of injury like suffering pain and loss of enjoyment of life Pay stubs and bills may be used to establish economic damages for juries and courts However noneconomic damages are more difficult to quantify and are based on subjective factors such as the pain and suffering as well as the emotional stress caused by the injury The suffering and pain can include any mental physical or emotional pain caused by the accident It could be the inability of someone to pursue their normal social or leisure activities A jury will look at the extent to which the injury has affected the victims way of life Other noneconomic damages are disfigurement loss in consortium and loss in enjoyment of life For example a person may suffer from disfigurement after an accident that permanently alters their appearance Its not a huge cost to the financial side however it can be painful to bear scars or other permanent injuries Damages for pain and suffering Pain and suffering is one of the categories of noneconomic damages to compensate for the emotional and physical distress you have endured from your accident injury settlement chicago are subjective damages which are determined by the jury not unlike medical bills or auto repairs as well as lost wages Every juror will have a different opinions on how much pain and suffering compensation is appropriate for your situation Documentation is a way to help jurors understand the seriousness of an injury Your lawyer can collect written records from your doctors that describe the severity of your injuries along with video and photographs Testimonies from family members and friends are also persuasive These testimony can help to create an atmosphere of sympathy for jurors and show how your injury has impacted your hobbies and activities with your family The length of your injuries can influence the amount of your pain and suffering settlement Severe disabling injuries typically have higher pain and awards than injuries that heal more quickly Injury claims should reflect the emotional and psychological trauma that can be caused by an accident A personal injury lawyer can help you build an impressive case and work towards an equitable settlement for all of your injuries If you have questions about an injury settlement contact Adam S Kutner Associates to schedule a consultation
