How Much is My Personal Injury Claim Worth?
- Written by NewsServices.com
Your injury claim is important, so you must know how much it's worth. To help you understand this, here are some average damages someone might receive following an accident caused by a third-party defendant. Note that these cases vary widely depending on the facts of each case. Contact injury lawyers to learn more about your injury case so that you can make an informed decision on your injury claim process.
How Much Does My Claim Worth?
The amount you can claim for a personal injury will depend on several factors, including the extent of your injuries, how long they last, how much it costs to treat them, and your compensation lawyers. If you can prove that the person who caused your injuries was negligent, then you could be entitled to compensation for your medical bills, pain, and suffering, loss of earnings, and future care costs. If you are injured in an accident that was someone else's fault, then you must speak with compensation lawyers in Perth as soon as possible so that they can help advise you on whether or not you have a case.
If you do decide to pursue legal action, then there will be no upfront costs for bringing the case. However, if the court awards any damages, then these will be paid back out of those damages once all costs have been deducted from the first, including their fees. The amount awarded will vary depending on what type of injury it is and how severe it is, but typically it would be between $10 000 - $100 000 per incident, depending on what type of injuries they caused.
How is the Claim Calculated?
In Australia, the personal injury claim is calculated by using a formula called “the Ogden Tables”. The Ogden Tables are based on statistical data provided by the Australian Bureau of Statistics. They are used to calculate the expected amount that an injured party can expect to receive in compensation.
Personal injury claims are calculated based on the formula that the injured party can demonstrate the extent of their injury and then show how much money it would cost them to pay for medical treatment and other expenses. The court will then award the injured party a sum of money representing the damages they have suffered.
Your compensation lawyer will calculate how much money you are entitled to receive based on your pain and suffering, loss of income, medical bills, and more. It’s important to understand that it can take up to several months for your lawyer to determine the total value of your claim. This is why you must hire injury lawyers as soon as possible after being injured in an accident.
Factors Responsible for Calculation of Claim Amount
When you have a personal injury claim, you want to know how much money you can get. Unfortunately, many factors determine the value of your claim.
The first factor is the number of medical bills and lost wages that you will incur as a result of your injuries. This part of the claim is often referred to as "damages." The higher the number of damages, the more money you will receive.
Second, there's what's called "pain and suffering." This refers to how much pain and discomfort you have suffered because of your injuries. If you were severely injured, then this could be worth a lot more than if you only suffered minor injuries.
Thirdly, there's also something called "permanent impairment." This refers to whether or not your injuries will cause permanent damage, such as loss of function or disability. If they do cause such damage, then this could increase the value of your claim even further.
Lastly, there is an important concept called prejudgment interest which means that interest accrues on any money owed from when it should have been paid until it is paid off by the defendant or liable party.
But, all these factors depend on one more factor: how good your compensation lawyers are? If your lawyer is not good, you won't get the amount you deserve as a claim. Finding a good injury lawyer in Perth who understands your case and is willing to get you maximum compensation for your injury is an important job.
Conclusion
The need for personal injury lawyers Perth arises when you may have to claim for compensation for injuries suffered because of the negligence or fault of another party. The solicitor will take all the relevant information you can give them to come up with a fair figure that accurately represents your injury claim and ensure that it is accepted by the insurance company responsible for paying you compensation as long as they can demonstrate that they were not at fault.
