How to Calculate a Personal Injury Settlement in North Carolina

Have you recently been harmed in an accident or an intentional act that left you with damages? You are likely looking for recompense for what has happened to you, and to get it, you will need to submit a personal injury claim against the person who hurt you.

Submitting a claim is challenging, and figuring out how much compensation you’re owed in a settlement can also be difficult. Before you make an insurance demand, you will need to learn more about how to calculate a personal injury settlement in North Carolina.

Your Financial and Nonfinancial Losses after an Injury

It’s not unusual for those who’ve been injured in an accident to not know how to submit a claim or calculate their damages. You might not even know what types of damages you’re allowed to be compensated for after an injury. You have the right to be compensated for both your monetary and nonmonetary losses associated with your accident or incident.

Financial Damages

Get the calculator out, because you’re going to need to do some basic arithmetic. You need to gather up all evidence of your losses, such as medical bills, lost wages, costs of treatment, and other financial effects this accident has brought to your life, and add them up. Make sure you submit your evidence with your demand letter to the insurance company.

Nonfinancial Damages

These losses are not easily calculated because they don’t necessarily cost you money, but they can affect your life in worse ways. You could have sustained a permanent injury; your mental health could have been affected by your injury or by the incident that led to your injury; your life may never be the same again.

You will need to come up with a monetary figure that will make you feel as though justice has been served. It’s usually helpful to speak with a Charlotte personal injury lawyer about calculating non-economic losses so that you don’t request too much or too little.

Contact a Personal Injury Attorney in North Carolina

For more information on how to calculate a personal injury settlement in North Carolina, call 704-285-6319 to reach an attorney at Nye Law Group. An attorney will speak with you about your case for free during an initial case consultation. You can also reach our firm by using the submission form below.