The truth is, we are all prone to injuries. Danger lurks in almost every corner. But that does not mean you cannot get compensation for your injury, especially for something like a car accident. All you need are the services of an experienced lawyer for your personal injury case.
Technically, compensation comes in two forms. You can claim compensation for financial and non-financial damages. In this article, we will look at some of the non-financial consequences of a personal injury and how an experienced lawyer can help you get compensated. Visit www.michiganinjurylawyers.com to learn about the importance of hiring an attorney for a personal injury case.
Let’s dive in!
How are Non-Financial Damages Different from Financial Damages?
Compensation in a personal injury claim can be divided into two main categories, as mentioned below:
- Non-Financial Damages: This refers to compensation for damages that are not financial and cannot be expressed in monetary terms. Typically, they are emotional or psychological damages. Examples include emotional distress, humiliation and embarrassment, loss of companionship, or an injured reputation.
- Financial or Economic Damages: These refer to compensation for losses suffered that can be expressed in monetary terms. Common examples of such claims include medical bills, lost wages, property damage, or out-of-pocket expenses.
Non-Financial Damages in a Personal Injury Case
An experienced personal injury lawyer will tell you that every claim is unique, and yours might involve non-financial damages. Here are some of the most common non-financial claims:
- Physical pain
- Emotional distress, pain, and suffering
- Body disfigurement
- Post-traumatic stress (PTSD)
- Humiliation and embarrassment
- Loss of affection or companionship
- Injured reputation
- Loss of sexual function
Note that every claim is unique, and yours might involve other non-financial damages from the above options. With the help of a lawyer, it is possible to identify a type that best suits your case.
How Much Can You Recover?
There is no limit to the amount you can be paid as non-financial damages. The amount, however, varies from state to state, which makes it necessary to consult your lawyer before making a claim. Some states only allow you to recover damages under certain circumstances or cases.
You should also not expect to get $10 million for pain and suffering because of a simple cut or bruise. The court requires all claims for non-financial damages to be fair and reasonable. It will likely deny compensation for claims that seem punitive and excessive.
How are Non-Financial Damages Valued?
It can be daunting to calculate non-financial damages. That’s because it accounts for the most significant percentage of the financial recovery. That is why working with an experienced attorney is recommended to help you determine a reasonable value.
It is also imperative to note that although insurance companies have a formula for calculating non-financial claims, no rule governs how personal injury compensation should be determined.
If the formula is used to determine your ideal compensation, there is always room for adjustment and discretion. Your lawyer will ensure you have a compelling case demonstrating how much you deserve compensation for financial and non-financial damages.
Claim Your Non-Financial Injury Damages with the Help of an Experienced Personal Injury Lawyer Today!
No one wants to be involved in an accident. It has many consequences. Even after surviving, there will be damage beyond your wallet. You might experience emotional anguish or a loss of enjoyment of activities besides physical pain.
While they may be emotional, they are just as legitimate as the financial claims. You only need an experienced lawyer to help you build a compelling case to claim the right compensation.