Loss
What is a Loss?
In the legal context, the term “loss” refers to a broad range of consequences resulting from an accident. It will differ depending on the type of case and the specific situation. In the context of insurance, it is directly related to the insured’s liability or legal responsibility.
What Are Some Different Categories of Losses That Can Be Claimed in Tort Cases?
In the aftermath of an accident, there are typically two categories of losses that can result in legal responsibility. The amount of money that you win from a legal case is proportional to how much you have lost. In fact, you might be shocked to learn just how much of an impact an accident will have on your future.
Special Damages: These damages are directly linked to a specific monetary loss that can be attributed to the accident. The following are some of the most typical examples of special damages:
- Medical Expenses
- Property Damage
- Lost Wages
- Household Expenses
- Future Medical Costs
- Costs Associated with Changed Plans or Canceled Trips
General Damages: It is difficult to put a number on these damages. They are things that are still directly connected to the accident, but it is challenging to put a monetary value on them. The following types of losses are examples of the most common general damages:
- Mental Anguish
- Disfigurement
- Physical Pain and Suffering
- Anxiety, Depression, or other Psychological Harm
- Loss of Enjoyment of Life
- Loss of Companionship or Consortium
However, the law only has one way to address the majority of losses after an accident, and that is to pay you compensation for them. General damages can never really be repaid in full. Your injury attorney will be able to assist you in developing an estimate of the potential value of these losses for the purpose of your legal case.
After an Accident, What Kind of Evidence Do You Need to Prove Your Losses?
It would appear that the amount of damages you request will not affect the defendant’s willingness to cast doubt on the full extent of your financial losses. In any kind of legal case, you need to present evidence and testimony to prove the value of your injuries. The following information will make up some of the most important evidence:
- Your medical records.
- Your testimony regarding your accident experience, treatment, and life changes since the accident.
- Others’ perspectives on your pain and suffering, quality of life, and other issues.
- Your doctor’s assessment of how long you will require treatment for accident-related injuries in the future.
- The estimated costs of future medical treatment that you will require.
- Data and information about your wages before and after the accident.
For a more accurate forecast of your future financial losses, you may require the advice of an experienced personal injury lawyer. Following an accident, our legal team is able to assist you in gathering and presenting the evidence you require to demonstrate the full extent of your losses.
Contact The Brown Firm to schedule a free consultation if you were hurt in an accident that wasn’t your fault.
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