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Economic and Non-Economic Damages Available to Truck Accident Victims in Indiana

Anus Khatri by Anus Khatri
November 7, 2022
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Economic and Non-Economic Damages Available to Truck Accident Victims in Indiana
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Truck accident victims in Indiana can claim many economic and non-economic damages. They can include pain and suffering, present and future income loss, and future medical expenses. To file a lawsuit, the person must have suffered harm in the accident, including physical and emotional injuries. Let’s get into the details!

Current and Future Medical Expenses

Injured victims can receive compensation for current and future medical expenses, including the cost of medical equipment, home modifications, and pain management. Further, they may need ongoing medical treatment, including surgical procedures and laboratory fees. The compensation will be based on the degree of need for medical care and the extent of the injuries.

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Medical care after a truck accident can be expensive. The expenses include ambulance services, emergency room visits, hospitalization, surgery, aftercare, long-term therapy, and diagnostic tests. You may be entitled to compensation for these expenses if you’ve been injured in a truck accident. You should talk to a truck accident lawyer in Gary, Indiana, about your case so they can add these economic damages to your claim and fight for your right to a fair settlement.

The settlement should also include compensation for future medical costs and associated expenses. For example, your attorney will factor in emergency room bills, physical therapy, specialists’ interventions, etc. These bills can easily add up and be costly, so be sure to save copies of all your medical records. Also, keep receipts for transportation costs. These expenses can continue for months or even years after the accident, so your attorney will calculate them into your claim.

Loss of Present and Future Income

The loss of present and future income is an important part of an injury claim. This compensation may include income you’ve lost or will lose as an employee, independent contractor, or self-employed individual. The amount you can collect may vary depending on the nature of your injuries and the proof you provide at negotiations or trial.

Pain and Suffering

The amount of pain and suffering awarded to truck accident victims depends on the circumstances of the accident. Some injuries may be life-threatening, while others are minor and can be treated at home. In any case, physical injuries can debilitate victims and cause various emotional problems. The resulting medical bills can quickly pile up and leave them unable to work. Even if an individual has only suffered minor injuries, they may still suffer from psychological issues due to the trauma caused by the truck accident.

A truck accident victim may be able to receive pain and suffering compensation from the negligent party who caused the accident. The amount of compensation sought is based on the multiplier method. This multiplier typically ranges between one and five. Higher multipliers generally result in a larger payout for victims suffering from serious injuries.

Loss of Enjoyment of Life

Loss of enjoyment of life damages can include loss of social relationships and the inability to participate in hobbies or team sports. Such damages may also cover lost wages. Loss of enjoyment of life damages can also include pain and suffering. Some forms of physical injury can lead to severe emotional trauma and pain.

Injuries sustained in a trucking accident often cause long-term medical and emotional problems. These injuries can even lead to permanent disability. As a result, truck accident victims may be entitled to compensation for all losses they have endured because of the accident, including medical bills, lost income, pain and suffering, mental anguish, loss of consortium, etc.

Conclusion

If you’ve been involved in a truck accident, you have the right to seek compensation for damages incurred because of the collision.

Economic damages are relatively easy to calculate. They are based on the monetary value of the accident victim’s losses. These can include medical bills, lost wages, property damage, and other expenses associated with your health condition or the ability to work. The amount of these damages will depend on the extent of the damages caused, and they are usually easy to prove with bills, receipts, and pay stubs. Non-economic damages are a little trickier to quantify. They are usually awarded as a multiplier of the total medical bills. A good attorney will use persuasive arguments and solid evidence to help insurance companies or a jury reaches a favorable conclusion. In other words, a truck accident victim should always work with a lawyer to fight trucking companies and insurers for the damages they deserve.

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