How Does Compensation Help After an Accident?

After a crash, you may deal with the challenging hardships that come with the damage you sustain. You’ll encounter financial problems due to medical bills and lost income, physical pain, and emotional trauma. As such, you need to pursue compensation through a car accident claim and potentially a lawsuit.

Compensation can be beneficial to your life following a crash. However, you should know the type of compensation you may receive and how it can help, so you can move forward with full confidence in your situation.

Paying for Financial Losses

Your financial losses constitute as economic damages in a car accident claim. These losses are anything in which you lose a specific monetary value because of the collision. For instance, you can cover the costs of:

• All medical bills, including hospital stay, surgery, medication, and more
• All income losses, including benefits, wages, and potential income

Your financial losses hold a specific value. You can prove these with receipts, bills, statements, and more. You can utilize these documents as evidence to show the amount of compensation you need to recover from your financial hardships.

Paying for Your Pain and Suffering

In car accident cases, you may also recover compensation for your pain and suffering. These damages are non-economic, meaning there’s no definite value associated with your losses. A jury may award you non-economic damages for loss of enjoyment in life, pain and suffering, and mental trauma.

Compensation is vital to helping you get back on your feet after an accident. It helps to cover some of the troubles that you may encounter when you suffer a severe injury, as well as gain justice for the wrongs you endure.

At The Gatti Law Firm, pursuing the maximum compensation on your behalf is a top priority. Our Salem car accident attorneys aim to go the extra mile to help you with the most favorable outcome possible.

For a free consultation, call our firm today at (503) 543-1114.