How Do You Value A Compensable Loss?
The legal system has created the term compensable damages, so that an accident victim can link a monetary figure to his or her accident-related losses. Ideally, the same victim does not go after money that he or she does not deserve.
What counts as a compensable loss?
• The victim’s medical expenses
• The extent of damage to the victim’s vehicle.
• Any other property damage.
• Any income lost, due to the need to stay home or in a hospital, while recovering from the accident-related injury.
• Level of pain and suffering
Basic issues, which are related to the value of the damages
The legal system asks for a determination of the damages’ value, because the plaintiff deserves a fair compensation. The court must decide if the fault needs to be apportioned? Was more than one party responsible for triggering the series of events that resulted in the reported accident?
The Accident Lawyer in Langley knows that the value of the medical bills, the income lost and the cost for future care is fairly easy to determine. If it has been shown that the victim endured pain and suffering, then the level of that pain and suffering must be assessed.
Questions that guide an assessment of the victim’s pain and suffering
Did the plaintiff/victim experience anxiety? Did the victim experience a number of sleepless nights, moments of emotional distress or the symptoms associated with PTSD?
Did the plaintiff become disabled?
Was the plaintiff’s life affected by the accident-related injuries?
Did the injury affect the plaintiff’s ability to earn a living? Did it reduce the plaintiff’s chances for making advancements in his or her chosen career?
Why the answer to the last pair of questions should be sought from a medical expert?
A job applicant’s resume can have a large effect on the ability of that applicant to get a job interview. Without an interview, the applicant has little chance for securing a job.
If an injury requires surgical correction, that surgical fix might lead to complications. For instance, the patient’s wound might get infected during the surgery. That could result in the need for an added operation.
If someone in the workforce must undergo a series of operations, that could lead to creation of a resume with one or more “holes.” The existence of those holes can limit the job applicant’s chances for getting interviewed by the person that needs an additional employee.
Those facts highlight the connection between a potential employee’s medical condition and his or her chances for securing a given position. Only a medical expert could offer a full and unbiased assessment of the chances that certain, potential medical problems might diminish the chances that a previously-injured employee could encounter, when trying to find and secure a lucrative position.