Financial Losses You Can Include in a Personal Injury Claim

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Financial Losses You Can Include in a Personal Injury Claim

February 13, 2023
By Lafferty Gallagher Scott

Were you injured in an accident? You are not alone. The Centers for Disease Control and Prevention (CDC) reports that Americans may have around 35 million injury-related emergency room visits on an annual basis. A serious accident can wreak havoc on your life. You could be left with stacks of medical bills and other losses. What compensation can you get? In this article, our Toledo personal injury attorneys provide an overview of the financial losses that you can include in your claim. 

An Overview of Financial Losses that You Can Pursue in a Personal Injury Claim

In a personal injury claim, you may be able to seek compensation for financial losses that you have incurred as a result of the accident. You can hold the at-fault party legally responsible for related losses. Indeed, Ohio state law allows injured victims to pursue a claim for the full extent of their damages. These losses can be broken down into two broad categories: 

  • Economic Damages: Economic damages are intended to compensate the injured party for the out-of-pocket financial losses that they have incurred as a result of the accident. Examples of economic damages include Property damage (such as vehicle repairs), medical bills, lost wages, and loss of long-term earning power.
  • Non-Economic Damages: Non-economic damages are designed to compensate the injured party for intangible harm that they sustained in an accident. Examples of non-economic damages include pain and suffering, mental distress, and permanent disability or disfigurement.

Your Damages Must Be Well-Documented

In Ohio, a civil personal injury claim is generally “compensatory” in nature. What that means is that your settlement or verdict will include compensation for the actual economic and non-economic damages that you sustained. It is crucial that your damages are well-documented. Defendants and insurers want to resolve personal injury liability for less. 

Without well-documented damages, it will be challenging to secure the full and fair compensation that you deserve under the law. Beyond identifying defendants and proving liability, an experienced Toledo, OH, personal injury lawyer can also help you build a strong case to establish the full extent of your damages so that you can maximize your financial recovery.   

Contact Our Toledo, OH Personal Injury Attorney Today

At Lafferty, Gallagher & Scott, LLC, our Toledo personal injury lawyers fight tirelessly to help victims get justice. We have recovered more than $100 million on behalf of victims and families. If you have any questions about the financial compensation that you can get, please do not hesitate to contact us today for a free consultation. We represent victims in Toledo, Lucas County, and beyond.










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