In the aftermath of a serious motor vehicle accident, victims may feel tempted to accept whatever settlement an insurance company offers and just move forward. However, this can be a costly mistake if the offer doesn’t reflect the full extent of damages you have suffered.
Before you make any decisions about a settlement, you would be wise to closely examine your situation and consider talking to an attorney. Chances are that there are damages you overlooked or were not aware are eligible for compensation. Below, we look at some of the damages that can be recovered with a personal injury claim.
Broadly speaking, economic damages include anything that you get a receipt for or see in your bank account. For instance, you can receive compensation for the following types of economic damages:
- Lost wages
- Hospital bills
- Ongoing rehabilitation
- Property damage
- Cost to make adjustments to your home to accommodate a wheelchair, for instance
- Property damage
These damages affect your relationship, independence and enjoyment of life. Non-economic damages can be much more difficult to calculate, but they are no less important than economic damages. You may receive compensation for:
- Pain and suffering
- Mental anguish
- Permanent disability or disfigurement
- Loss of companionship
In some situations, you may also receive punitive damages. Understand, though, that these damages are awarded by courts only in situations involving egregious acts or unreasonably dangerous behaviors.
In accordance with Florida negligence laws, there is a cap on punitive damages, meaning this amount cannot be more than three times the total of the compensatory damages, which include economic and non-economic damages.
Legal action can help you secure the damages you deserve
As you can see, there may be far more at stake than the cost to repair your vehicle after an accident, which is why it is crucial to understand your legal options. Talking to an attorney about your case can help you appreciate the full extent of damages you have suffered and fight to maximize your compensation.