New Jersey Accident Lawyers weigh in on calculating personal injury compensation. An injury that you sustain because of someone else’s negligence can set you on a path filled with uncertainty and mounting medical bills. Whether your injury occurs because of a car accident, a slip and fall, or in any other way due to someone else’s negligence, it may take a lot of time to heal. You may not be able to work, and your life may be changed forever.

People who have experienced a personal injury often wonder how to calculate the compensation they should receive. And while there is no guarantee, there is a way to estimate what you may be entitled to. Here are a few of the elements you would consider when calculating the costs you can recover and what you should receive:

  • Medical Costs. The first thing you do after an accident is seek medical treatment. There may be an ambulance ride, and there will be an initial evaluation. After that, you may need medical testing, x-rays, ongoing treatment, medication, therapy and rehabilitation, and more.
  • Property Damage. This includes any personal property of yours that was damaged. This varies based on the type of accident. In a car accident, for example, the car itself could be damaged, along with any personal belongings that were inside. In other types of accidents there might be damage to your home, a bicycle, or other belongings.
  • Lost Wages. When an injury causes you to lose work, you may be entitled to both past and future lost wages. If you work on a contract or freelance basis, you may be entitled to missed work or lost opportunities.
  • Pain and Suffering. Calculating financial compensation for the pain and suffering you have endured is usually based on the “multiplier method.” You would take the initial amount calculated after you add in quantifiable expenses, and add a multiplier, usually 2.5.

There may be other elements to consider in calculating your financial recovery, including the extent of your injuries. Although evaluating all of the above can give you some idea of a range of compensation you may receive, a qualified attorney can help you to get the maximum financial recovery to which you are entitled.

If you have been injured in an accident due to someone else’s negligence, please call the New Jersey accident lawyers at Eichen Crutchlow Zaslow, LLP at 732-777-0100. You can also contact us online. We will provide the knowledgeable guidance you need to recoverthe compensation you need and deserve. Our offices are conveniently located in in Edison, Red Bank, and Toms River, and we represent clients throughout the state of New Jersey.