The Family Caregiver Alliance (FCA) states that traumatic brain injuries (TBI) cost the U.S. upwards of $60 billion in direct medical costs every year. This also includes other damages such as lost wages, reduced productivity, and more. Even mild or moderate cases of TBI can be expensive to treat.
The amount of compensation you can receive from TBI depends on a multitude of factors. To get an accurate estimate, you will most likely need a lawyer’s assistance to help you calculate all of the damages you sustained. The attorneys at ASK LLP are ready to review your case through a free consultation at no risk to you. Call us today at (877) 746-4275.
How Much Compensation Is My TBI Claim Worth?
The truth is, there is really no way to tell. A general estimate is that most brain injury cases generally settle for around $100,000 at the minimum. Due to the brain’s highly sensitive nature and how impactful injuries to it are, it is not uncommon to see TBI claims settle in excess of several million dollars.
This is not a guarantee that your case will settle in that amount. However, our lawyers will do everything in their power to get you the best settlement possible for your damages. TBIs can result in permanent and lasting damages that are worth the amount of money you can potentially receive. We will do everything we can to ensure that you get a fair settlement that covers all your needs and more.
What Goes into Calculating Damages?
When it comes to assessing your settlement’s value, we need to calculate your economic and non-economic damages.
Economic Damages
These damages consist of:
- Lost wages or reduced earning capacity
- Property damages, vehicle repairs or replacement, etc.
- Medical expenses, assisted living expenses, medications, etc.
For economic damages, you need to retain all financial documents such as your receipts or bills. This makes calculating them much easier. You essentially get reimbursed for what you lost due to the accident that caused your TBI to happen.
Non-Economic Damages
These damages are a little more complex to calculate. Typically, non-economic damages include:
- Loss of enjoyment of life
- Loss of consortium
- Wrongful death
- Pain and suffering
- Mental anguish
How exactly do you put a price on pain and suffering, or even worse, a life? There are many ways to calculate and value these damages. Our attorneys will use a combination of formulas and holistically approach the merits of your non-economic damages to determine their value in your settlement.
Punitive Damages Are Also a Factor for Your Settlement
Punitive damages work differently from economic and non-economic damages. They do not get awarded to reimburse or compensate you. Instead, they act as punishment against the at-fault party that caused your accident. If the accident that caused your TBI was extremely negligent or malicious, such as drunk driving, you can potentially get awarded additional money through punitive damages.
Remember, you need to fit the criteria laid out under your state’s laws first before you can seek punitive damages. The lawyers at ASK LLP can help you figure out if your case fits under the law.
Traumatic Brain Injuries Result in Expensive Damages
The National Institute of Neurological Disorders and Stroke (NINDS) states that the prognosis for moderate to severe TBI is not good. There is not much that can be done to help those that have suffered brain damage. Often, even after expensive medical treatments and surgeries, victims are left to deal with disabilities or other lasting impacts.
The amount of medical care you will need varies, but it is often very expensive. Your brain is an extremely sensitive organ and performs the most vital function of your entire body. Even if you can physically repair some of the damages resulting from TBI, you still need to face the negative effects it can have on your body for years to come.
Get Compensated Today
It is important to hold the at-fault party responsible for your TBI accountable and win a settlement that can help you move on with your life. With millions of dollars recovered for our clients, our attorneys will work hard to get you compensated for your damages.
Let us help you get the settlement you deserve. Schedule an appointment today by calling us at
(877) 746-4275.
