A catastrophic injury is a severe injury that has a long-term or permanent impact on a person’s life. These include traumatic brain injuries, severe burns, amputations, or spinal cord injuries. Each year, approximately 18,000 new traumatic spinal cord injuries (tSCIs) are reported in the United States.
A catastrophic injury can limit your ability to work, enjoy daily activities, and even care for yourself. You may be entitled to compensation if your injury was caused by the actions of another person.
Catastrophic Injury Lawyer Stephen T. LaBriola strongly suggests seeking compensation for economic losses or direct financial damages suffered as a result of an individual’s negligence or illegal misconduct.
This article will discuss the factors that can influence the settlement amount for a catastrophic injury claim.
Understanding Medical Expenses and Their Impact
Understanding medical costs is one of the most important things to take into account when dealing with a catastrophic injury case. Medical expenses play an important role in determining the claim’s value.
Gather all relevant evidence, including hospital bills, treatment records, and any ongoing care costs, such as emergency services, surgery, rehabilitation, and medication.
See to it that you include potential future medical needs, so your claim fully reflects the total impact of the catastrophic injury. Include all out-of-pocket costs, such as co-payments and deductibles you’ve already paid.
Accurately estimating your medical expenses will help you build a strong case for insurance negotiations or court.
Talk to an insurance lawyer for help in gathering evidence and recovering compensation from insurance companies to cover medical expenses.
Evaluating Lost Wages and Future Earnings
Aside from medical costs, evaluating lost wages and future earnings is important in determining the total value of your catastrophic injury claim.
Calculate the income loss starting with the date of injury. Income loss includes wages, bonuses, and any other forms of compensation. You will need to be prepared to substantiate your losses with evidence such as pay stubs and tax returns.
Think about your future earning potential. If your injury impairs your ability to work or limits certain career opportunities, estimate any income you could lose going forward.
Some factors, such as age, occupation, and the trends of the job market, become relevant when evaluating lost wages and future earnings. Consulting with a financial expert will provide a more realistic estimate, increasing your chances of correctly valuing the financial impact of your injury on your life.
Assessing Pain and Suffering Damages
Translating your injury into a measurable amount of pain and suffering is a difficult but necessary component of a catastrophic injury claim. Document all experiences. Keep a journal regarding physical pain, emotional distress, and effects on daily activities. Your documentation of your life after the injury will help to contextualize your situation and demonstrate the extent of your injury.
Account for how the injury has impacted your life, including any associated losses such as boundaries and hobbies. Look at other comparable cases to derive the average settlement amount.
The Role of Emotional Distress in Your Claim
Traumatic events can elicit strong emotions that can have an impact on the value of your catastrophic injury claim. If your injury has caused you to face trauma, anxiety, depression, or other emotional issues, you should keep a record of your feelings.
Your emotions can have a significant impact on your daily life, relationships, and work. How these emotions affect your life will influence the value of your claim.
Gather any evidence to back up your claims of emotional distress, such as therapy records, personal journal entries, or witnesses, including friends and family.
These factors will strengthen your claim and show how deeply the injury has affected your mental state.
Considering Long-Term Care and Rehabilitation Needs
As you evaluate a catastrophic injury claim, remember the extensive care and rehabilitation that will be necessary for your recovery. They both directly affect your quality of life and your financial future.
Determine whether you will require physical therapy, occupational therapy, or personal care services. Add in costs for equipment, home modifications, and ongoing therapy visits.
Future complications may arise as a result of your injury and should be considered. All recommendations for medical treatment and plans need to be recorded. These documents will help you justify your need for long-term care.
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