![]() ![]() Let Our Lawyers Act as Your Personal Injury Settlement Calculator The amount is whichever figure is larger. Two times the amount of economic damages combined with up to $750,000 in noneconomic damages.Instead, they are instead intended to punish the defendant for gross negligence. Punitive damages are not meant to compensate the plaintiff as are economic and noneconomic damages. More serious injuries typically warrant higher noneconomic damages awards. Noneconomic damages are harder to calculate and are typically based on either the number of days for which a person suffers harm or the degree of harm. The value of emotional anguish and loss of quality of life are also examples of noneconomic damages. Noneconomic damages, on the other hand, refer to compensation for intangible losses, like the value of a person’s physical pain and suffering. For example, if a person suffers $100,000 in medical expenses, they can seek $100,000 in economic damages for the expense. These damages are calculated at actual value. Some of the most common economic damages include medical expenses, lost wages, future costs associated with the injury, and property damage losses. There are three primary types of damages an individual can recover in a personal injury claim: Economic DamagesĮconomic damages are all of the financial losses that a person suffers as a result of an injury. The first thing that we consider are the types of damages that our client sustains. Types of Damages Recoverable in a Personal Injury Claim Here’s a look into the personal injury settlement calculator method we use. ![]() That being said, we are experienced in calculating personal injury settlements based on our client’s value of losses. It is difficult to know how a case will be resolved in advance and impossible to give a precise answer. At the law offices of Flores, Tawney & Acosta, P.C., one of the questions we hear most frequently is, “How much will my settlement be?” Indeed, not only is a personal injury lawsuit a big financial and emotional undertaking, but knowing how much your suit may yield is impossible. Even though you are injured, you may feel hesitant about taking action on a personal injury lawsuit. ![]()
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