Bodily injury is often a component of liability insurance for car accidents, and it covers things like broken bones, lacerations, and physical pain. In general, a bodily injury claim must be made within a certain time limit.
Understanding what is the difference between personal injury and bodily injury can help you accurately tally your economic damages. An experienced personal injury lawyer can help you do this.
Economic Damages
Expenses related to an accident are often high, and injury victims deserve compensation. In the legal world, injury victims can seek compensatory damages from the at-fault party. These are intended to put the victim back in the position they would have been if the accident had not occurred. These can be broken down into three categories: economic damages, non-economic damages and punitive damages.
Generally, financial losses account for the bulk of awards in injury cases. They can include medical bills, property damage, lost wages and future lost earnings. The more severe the injury, the higher these expenses tend to be. An experienced personal injury lawyer can examine your case and estimate your total potential economic damages, taking into account current and future expenses, as well as the impact on your quality of life.
Property Damage
Typically, damages for damaged property are tied to the value of the property that was destroyed or damaged, which can vary widely based on things like its age and condition, its rarity and other factors. When calculating this value, it’s important to consider any repairs that may be required to bring the item back to its original state, as well as the costs of disposing of the item altogether.
Lost Wages
Whether an injury results in missed work or permanent disability, victims are entitled to receive reimbursement for past and future lost income. It is also important to factor in a reduction in the victim’s earning capacity, which takes into account their age, health and other factors.
Pain and Suffering
This is a more subjective type of damage that can be harder to quantify, as it refers to the physical and emotional impacts of an injury. However, it is a vital part of a personal injury claim, as it allows victims to recover a fair amount of compensation for their experience. Non-economic damages can include things like disfigurement, loss of consortium/companionship, diminished quality of life and more.
Bodily Injury Liability
If you own a business, you likely have bodily injury liability coverage, which pays out to people who are injured on your premises. The typical example involves a customer slipping on ice or wet tiles, and suffering an injury.
If you’ve been hurt in an accident, it’s crucial to get a personal injury attorney involved as soon as possible. They can help you determine what kind of damages you’re eligible to receive and how much you should be able to expect as a settlement. They can also assess your potential non-economic and punitive damages to ensure you’re fully compensated. Contact our team today to schedule a free consultation. We represent clients in Sarasota, Venice and throughout Florida. We handle a variety of different accident claims, including car accidents, pedestrian accidents, bicycle accidents and more. We have the resources and experience to effectively pursue maximum damages for our clients. We offer free consultations and never charge a fee unless we win. We can travel to your home, hospital or other location if necessary. We are available 24/7.
