Factors to Consider When Calculating the Cost of Future Damages
Posted on behalf of Lynch Law Firm on Jan 05, 2022 in Car Accidents News
If you were injured in an accident that left you with a permanent injury, you may be wondering whether you can recover compensation for the costs of future medical care and other future damages.
Our experienced car accident lawyers in New Jersey are prepared to help calculate the value of your future damages to help you recover the maximum compensation you need, even if those costs will not come until later. We offer a free consultation to discuss your claim and see what legal options may be available.
How Much Medical Care Will You Require in the Future?
Medical care after an accident may be costly even if you suffer a minor injury, as even soft-tissue injuries can require expensive physical therapy treatments and visits to a chiropractor. Permanent injuries or injuries that require surgery may be even more costly, especially if an injury victim may require additional surgeries in the future or long-term rehabilitation treatment to try to regain or maintain mobility.
Some injury victims may also require prescription drugs for chronic pain from an injury, which should also be considered when determining the value of future damages. Other things that should be considered when evaluating the costs of future care include:
- Need for in-home care
- Medical equipment/replacement costs
- Costs of assisted living facilities
With a proper medical evaluation from your treating doctors, our attorneys may be able to help determine how much your medical costs may be in the future.
Are You Unable to Work Due to the Injury?
Many accident victims who have suffered permanent injuries may be unable to work for an extended period. Others may no longer be able to do the jobs they had prior to the accident, forcing them to look for different work, sometimes leading to a significant pay cut.
If your injury caused you to be out of work for some time, you may have missed out on other things like:
- Pay raises
- Sales commissions
- Pension or 401k
- Health insurance
- Life insurance
- Overtime pay
- And more
Your attorney will factor these things in when calculating how an injury has affected your earning capacity.
Are You the Head of Household?
For accident victims who are the primary income earners in a household, recovering compensation for the loss of future earning capacity may be especially important. They may be eligible to recover more compensation compared to those who do not have dependents or who are not the primary income earners.
Calculating Future Non-Economic Damages
It is important to consider what a victim’s future may look like compared to what it was before being injured, as this could help determine the value of future pain and suffering. Injury victims who lived an active lifestyle prior to an accident but are now limited to what they can do may have a strong claim for lost enjoyment of life and other damages related to pain and suffering.
A person’s age, overall health and life expectancy may also play a role in determining how much compensation for future non-economic damages may be worth. For example, an older person may experience more pain for a perceived minor injury and therefore may be eligible for more compensation for pain and suffering. On the other hand, a younger person who suffers a permanent disability may also be able to claim more compensation for non-economic damages because of the life-altering injury.
Need Help Filing a Claim? Call Us Today
Every injury case is different, so there are a lot of factors that may need to be considered depending on the facts of your claim. It would be in your best interest to work with one of our knowledgeable lawyers who may be able to review every aspect of your claim to see what your past and future damages may be worth.
Our attorneys have decades of experience and have successfully recovered millions in compensation on behalf of our clients.
Schedule a free consultation today to see what legal options may be available to you. We do not charge you anything up front and only get paid if you do.
Call (800) 518-0508 to learn more.
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