When Does an Injury Qualify for a Settlement?

If you have been injured in an accident and are considering moving forward with a personal injury claim, you might be wondering whether the injuries you suffered warrant a lawsuit. When we consider what the value of an injury claim should be, we do not often look at the injury itself as much as the impact the injury will have or is expected to have on your life.

It stands to reason that the more serious your injury is, the greater the effects will be on your life. We also will examine the losses you’ve endured and make sure each is quantified so you can get the most out of your claim.

Not sure whether your injury qualifies for a settlement? If your injury was someone else’s fault and you can demonstrate that you suffered losses as a result, you very likely qualify for a settlement. Read on for more information.

Quantifiable Losses

Commonly referred to as economic damages, quantifiable losses are the ones that will directly affect your financial situation. They most often include hardships like the wages you lost while you were unable to work and your lost earning potential, which might include advancements to your career or contributions to your 401K.

Perhaps most importantly, we will work to ensure that you are compensated for every single medical cost associated with your injuries, including copays, prescription medications, medical equipment, adjustments to your home to accommodate medical equipment, hospital bills, and any other expenses you might incur.

Non-Economic Damages Explained

When we refer to non-economic damages, we are talking about losses you wouldn’t ordinarily be able to place a monetary value on, such as emotional distress, the loss of companionship and love, your pain and suffering, the effects you might endure due to a disfiguring injury, and the loss of your ability to enjoy your life.

These losses can be difficult to assign a dollar amount to, but because they are often more devastating than the damages that can impact your finances, they should be taken seriously.

Speak with a Chicago Personal Injury Lawyer

Whether you’re hurt in a motor vehicle accident, slip-and-fall, or any other kind of incident, you deserve a settlement if your injuries were caused by the negligent actions of someone else.

Get in touch with a knowledgeable Chicago personal injury lawyer at Lane & Lane, LLC today to schedule your no-obligation claim evaluation. Just fill out the quick contact form below or give our office a call at 312-332-1400.

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