What are the most common types of compensation in personal injury cases?
What are the most common types of compensation in personal injury cases?
The most common types of compensation in personal injury cases are:
- Monetary compensation: Typically, monetary compensation covers medical bills, lost wages, and other costs incurred as a result of the accident.
- Non-monetary compensation: Non-monetary compensation can include reimbursement for pain and suffering; reimbursement for property damage, and reimbursement for emotional distress.
The type of compensation you'll receive for your personal injury case depends on a variety of factors. It's important to remember that money is never the only concern—your most important goal is getting back on your feet as quickly as possible. Here are some of the most common types of compensation you might receive:
There are many different ways to compensate those who have been hurt by someone else's negligence. Whether you're an attorney or just a friend or family member helping someone through the claims process, it's good to understand what the most common forms of compensation are.
There is also what we call lost wages and income. The injured person may be unable to work for a period of time, and as a result, may be prevented from making money. If this happens for more than a month, the injured person will likely be entitled to compensation for their loss of that income. This could be in the form of either an agreed settlement between your lawyer and the defendant's lawyer, or it could end up being a part of the final verdict or judgment at trial.
If you have any questions or need a Personal Injury Attorney, please call this law firm for a free consultation.
Ascent Law LLC
8833 S Redwood Road Suite C
West Jordan UT 84088
(801) 676-5506