How Can I Prove My Future Expenses?

A person injured by someone else’s negligence should not have to face any expenses as a consequence of that injury.  Justice means that the person or people responsible for the injury should be the same ones responsible for paying for it.

Some of the financial impact, such as past medical bills, loss of wages or income, or property loss or damage is straightforward.  These items can quickly be determined by looking at the medical bills and the wage compensation which would have received during the period in question.  If you suffered a broken leg in a car accident for example, you should be compensated for the medical bills from your hospital visits, the damages to your car, and lost wages for any  amount of time you were unable to work.

Other kinds of damages for which you might be entitled to compensation can be more of a grey area. These include pain and suffering, emotional distress, or loss of enjoyment or consortium.  If your injury had a psychological impact and you could not, for example, ride in a car for a period of time after the car accident, or were not able to maintain the same lifestyle or relationships previously enjoyed, then additional compensation would be due. These things do not always have a clear value, or may not initially be apparent. An experienced personal injury lawyer knows how to value on these damages and how to present that value to the insurance company or, if necessary, to the jury.

The last thing you want to do is hastily accept a settlement offer and then be paying your own medical bills down the line when the settlement money is long gone. It is important to think about future expenses when you consider what your injury is “worth.” A lifetime of medical bills and hospital visits or the need for future assistance by a caretaker of some sort are examples.  Experts are needed to both determine the future life care needs and to determine the present value of those future costs.

Rainwater Holt & Sexton regularly uses life care experts and economic experts. Through these retained experts, we are able to predict-the-future and present that information to a judge and jury if the insurance company won’t settle for a reasonable amount. It is our job to get our client the amount of compensation that will include the cost of all past losses AND the present value of the cost of all future losses, as well.  Since Rainwater Holt & Sexton will not get paid until our client gets paid, we have a vested interest in maximizing the recovery. Call us and we will be glad to help you.

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