What is a Personal Injury Claim Worth?

Accidental injuries, no matter how they occur, often take a profound toll on victims and their families. The physical pain, emotional distress, and financial costs that result from such events can take years to recover from, with some never fully reclaiming their former way of life.

If you suffered harm as a result of another party’s negligence and are considering legal action, it is wise to become familiar with the potential damages and compensation in an Indianapolis personal injury claim.

Economic Damage Claims

Also known as compensatory damages, economic damage payments are designed to make an injury victim whole in a financial sense after an accident. Several categories of economic damages are available in a given case, with the most common including:

  • Medical expenses
  • Costs of home modifications for handicap accessibility
  • Lost wages
  • Diminution of future earning potential
  • Lost financial support for surviving dependents in cases where fatalities occur

Claims for Non-Economic Damages

Distinct from economic losses are damages of a less tangible nature. Though these non-economic losses may be a bit more challenging to accurately quantify, they are often recoverable and may encompass payment for:

  • Pain and suffering
  • Emotional trauma and distress
  • Loss of marital and/or familial relationships

At Sevenish Law Firm, when we face a case, we take all potential damages and claims for compensation into consideration – whether the damage is obvious or may present itself later. That way we know we are representing clients accurately even as their case moves forward and events change.

Availability of Punitive Damages

Though relatively rare, punitive damages may be awarded in an Indianapolis injury claim to directly sanction a party whose conduct was particularly egregious and who acted in a deliberate or malicious way. It should be noted, however, that according to Indiana Code § 34-51-3-4, punitive damage awards cannot exceed the greater of three times the compensatory damages awarded or a sum of $50,000.

A Seasoned Personal Injury Attorney Can Fight for Compensation

There are some types of damages that lend themselves to swift, accurate valuation and others that require far more detailed examination. Whereas economic damages can be tallied by collecting medical billing statements, pay stubs, and employment records, non-economic losses typically demand highly subjective assessments, actuarial estimates, and the opinions of subject matter experts. An experienced Indianapolis injury lawyer understands the types of evidence needed to build a persuasive case on each person’s behalf in the fight to obtain fair compensation for damages.

Serious injuries can produce a cascade of setbacks that can make physical, financial, and emotional recovery extremely difficult for victims and their loved ones. If you sustained significant harm due to another party’s negligent acts or omissions, you owe it to yourself to learn more about potential damages and compensation in an Indianapolis personal injury claim. Call The Sevenish Law Firm today to learn how we may estimate your damages and potential compensation for the injuries you have endured.