The general understanding of any accident like a car accident, slip and fall, a boating crash, a defective product, and a medical malpractice is not good. Every day, millions of people are injured by various different occurrences. Many people are aware of the various ways that they can fall a victim of an accident, but there are those who do not know and fail to protect themselves from becoming a victim. Any type of accident will cost the victim financial expenses. Whether it is to repair their vehicle or to perform an additional surgery to correct the problem, everything costs money and lots of it.
The obvious financial cost is the medical bills that the victim will receive, and any additional treatment that they may require. Hospital bills are quite expensive. In fact, many people become in debt due to hospital bills if they do not have insurance like Medicare or Medicaid. Even the slightest hospital treatment can well reach in the thousands, and more so depending on which hospital the victim gets treatment at. Injury accident lawyers at Percy Martinez Law Firm know how much of a financial impact an injury can have on the victim, which is why they perform their jobs with the utmost care to ensure that their clients get compensated for all the damages that they had to endure.
Victim of an Incident: Financial Effects
Many financial struggles and burdens can come for a victim of an unfortunate accident. Not only are medical fees in the picture, but loss of earnings, reduced earnings capacity, and pain and suffering are all financial issues that may develop depending on the severity of the injury. These categories will be described in further detail below:
Depending on how severe an injury is, the medical fees that will come from it will vary. Obviously, an injury that requires extensive treatment and care will amount to more money than a minor injury. Regardless of the matter, even a minor injury can be costly for an individual that may not have insurance or a share cost of responsibility. A victim might require treatment, tests, and even a specialist to treat their injury, which is why fees associated with the medical treatment of a victim can be costly.
Loss of Earnings
Loss of earnings refers to the time that the individual will lose from work due to the injury. The more severe, the more time off of work they will need and possibly even lose their jobs. Every day that is spent not working, is a day that the victim will lose income to support themselves and possibly even their family. The life expectancy of a victim that receives an injury that will leave them permanently disabled will be multiplied by their income, which would determine who much they would be rewarded for.
Reduces Earning Capacity
Even if the victim does recover from their accident, their job might reduce the number of hours they are given due to the injury that they acquired. The employer might even assign the victim to another position that is less strenuous on the victim. In the end, the victim should not have to suffer financially for something that they did not cause.
Pain and Suffering
Pain and suffering is a general damage that is permitted to be recovered in accidents that were caused by another person’s negligence. These damages can range from mental anguish to the physical pain that is felt for the injury. The amount that is awarded for pain and suffering is subjected to the individuals viewing the case (judge and jury).
The simple fact is that any accident resulting in an injury will affect the victim financially. Any injury will cost something, whether it is minor or severe. The only fact that can be changed is who will have to pay for these damages. Will the victim allow themselves to pay for it? Or will the victim fight to have the damages they endured paid for by the guilty party? Speak with a professional accident lawyer from Percy Martinez Law Firm today.
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