How Personal Injury Compensation Is Calculated in Laredo

Millions of dollars in damages are lost every year in Texas accidents statewide. With the potential for long-term suffering and the impact of trauma, victims may find themselves reeling from the effects of these injuries for years to come. Whether the damages in questions are car, workplace, burn, or abuse injuries, victims and their families deserve justice.

While many accident victims know that they can seek compensation for their injuries, many may be unaware of how personal injury compensation is calculated. Because there are a variety of factors that determine financial settlement amounts, accident victims should consult with an experienced personal injury lawyer to get an accurate estimate of the worth of their damages. However, in general, all personal injury settlements are calculated by analyzing the following factors.

The first element to consider in calculating a financial settlement is the extent of the injury itself. In determining the full physical costs of an injury, it is important to take into account both the immediate physical impact and any complications that develop over time. While you deserve fair compensation for any injury you have suffered at the hands of another, the more severe your injuries, the higher settlement you can expect to receive.

Severe injuries are often accompanied by immense financial costs associated with numerous doctor’s visits, prescription pain medications, multiple reconstructive surgeries, or other necessary treatments. Additionally, severe injuries could result in loss of wage-earning abilities. Whatever costs you have accumulated in the aftermath of your injury, you could be eligible to receive full compensation.

While physical injuries and financial losses are easily quantifiable, the suffering of accident victims is not. Severe injuries can result in chronic pain and loss of quality of life. Accident victims may suffer from post-traumatic stress syndrome and develop depression and anxiety. Families may be experiencing incalculable grief after their loved ones were killed in an accident. All of this suffering affects victims and families just as much as the tangible physical and financial losses. Luckily, Texas law allows accident victims to seek compensation for these damages.

Another factor that may impact your settlement amount is the defendant’s degree of liability. For example, while you may still seek compensation if you were partly responsible for your injuries, you will receive less compensation than you would if another party can be proven to be fully responsible for your accident. Additionally, if the responsible parties are found guilty of gross negligence or wrongful act, you may receive additional compensation.

Lastly, even if you have the strongest claim to fair compensation, you may not see the compensation you deserve unless you are represented by an experienced personal injury attorney. When searching for quality representation, consider an attorney’s past experience representing personal injury claims. Were they able to win their clients fair compensation? How would their past clients rate their overall experience? If your attorney is skilled in negotiation, you can rest assured that your right to fair compensation is protected.

For the past three decades, the team of personal injury attorneys at Carabin Shaw have been dedicated to protecting the rights of injury victims and their families. With our “client-first” approach and wealth of experience negotiating financial settlements, we are confident that we can win you and your family the compensation you deserve.

To learn more about your options and schedule your no-cost, no-obligation case review with a Carabin Shaw personal injury attorney in Laredo, call our office toll-free at 800-862-1260. Our English and Spanish-speaking representatives are available 24/7 to help you schedule your free consultation.