If you suffered a traumatic brain injury and are now in the process of filing a claim, so you can receive compensation for the expenses you will now face as a result, you might not know how to go about this or even how to calculate the value of your claim. Given that you might be offered a settlement, understanding the value of your brain injury claim is critical because the last thing you want to do is accept an amount that will not sufficiently cover your medical bills, lost wages, or even your inability to return to the workforce.
To ensure you do not miss out on obtaining the compensation you deserve and need during this difficult time, it is imperative that you hire a catastrophic injury attorney who is experienced in handling such claims and will be able to give you an accurate estimate regarding the value of your brain injury claim.
What is it Worth?
No two brain injuries are alike and, therefore, you cannot attribute a universal value to them. This is why you need the assistance of an attorney to help you determine the value your claim. Below are some of the factors that will play a major role in determining what a brain injury claim is worth:
- Past and future loss of income
- Past and future medical costs
- Diminished or lost earning capacity
- Physical pain and suffering
- Emotional distress and anguish
- Ongoing physical therapy
- Loss of consortium or enjoyment of life
Economic and Non-Economic Damages
Assessing both economic and non-economic damages is critical. Economic damages refer to the monetary losses an individual suffers as a result of the injury, whereas non-economic damages refer to pain and suffering and mental anguish. The latter is, of course, a little more difficult to place a value on since it does not have a monetary value.
Accepting a Settlement Offer From the Insurance Company
Although a fair amount of cases are able to settle outside of a trial, this does not mean you should accept a settlement offer as soon as one is made to you. More often than not, initial settlement offers are much too low and cannot begin to cover the costs associated with a traumatic brain injury. However, drawn-out legal battles are usually something every party wishes to avoid, so if you have an experienced catastrophic injury attorney on your side to handle these discussions, you stand a much better chance of receiving the fair and just compensation you deserve.
Catastrophic Injury Attorneys in Atlanta
At Pratt Clay, LLC, our team of catastrophic injury attorneys in Atlanta are dedicated to providing fierce legal representation to ensure you are able to obtain the compensation you deserve. If you suffered a traumatic brain injury, the medical bills are probably starting to pile up, which can be incredibly burdensome if you are unable to work. You should not have to pay for someone else’s mistakes.