If you were injured in an accident in New York, you might be forced to deal with medical bills, lost wages, and other losses you never accounted for. If the accident was caused by someone else, you have the right to seek fair compensation from the at-fault party through a personal injury claim or lawsuit. But you’re probably wondering: How much is my personal injury claim worth?
The amount of compensation you ultimately recover in your personal injury case will depend on the severity of the injuries and the nature of the accident. For more information on what compensation might be available to you and what factors could impact the value of your case, contact Finz & Finz, P.C. today.
Types of Compensation Available in a Personal Injury Claim
In a personal injury case, you may be entitled to recover financial compensation for expenses and non-economic losses you suffered due to your injuries. A compensation award in a personal injury claim could provide you with reimbursement for:
- Costs of medical treatment and rehabilitation of injuries, such as hospital bills, surgeries, doctor’s appointments, physical therapy, prescriptions, and long-term care needs
- Loss of income due to missed time from work
- Loss of income and future earning ability if your injuries impact your ability to work going forward
- Loss of quality of life
- Mental stress and emotional trauma
- Physical pain and anguish
In rare cases, an injured victim may also be entitled to recover punitive damages from the party who caused their injuries. While punitive damages do not compensate for any loss, they are awarded in cases where the at-fault party engaged in intentional, malicious, or reckless conduct. Punitive damages are intended to punish the at-fault party for their behavior and discourage others from similar conduct.
Factors that Can Affect Your Case’s Worth
How much a personal injury case is worth will depend on various factors, including the following:
- The severity of your injuries — More severe injuries usually require a longer, more expensive treatment and rehabilitation. Recovery may keep you out of work longer and could result in permanent loss of earning capacity or the need for long-term care.
- The financial resources of the at-fault parties — These resources include the policy limits of any insurance coverages. While insurance is usually your best option for financial recovery, your compensation will be limited by the amount of coverage available.
- Whether liability for your injuries is being disputed — If the parties you bring your claim against prove you are partially responsible for your injuries, New York law requires that your personal injury award be reduced in proportion to your share of fault.
Contact an Experienced NY Personal Injury Attorney Today
If you have suffered injuries in an accident in New York, you need to know what kind of compensation you might be entitled to recover from those responsible for the harm and loss you have experienced. Contact Finz & Finz, P.C. for a free consultation to speak with our knowledgeable New York personal injury lawyers.