How Are Burn Injury Settlements Calculated?

Suffering a severe burn injury in Wichita Falls Tx can not only leave you with devastating injuries but also serious financial, physical, and emotional hardships that can be difficult to overcome. After a burn injury, the medical bills alone can be exorbitantly expensive, with costs often in the hundreds of thousands of dollars.

When someone else causes your severe burn injury, you may be entitled to compensation for your losses. Consult a personal injury lawyer in Wichita Falls like Carabin Shaw to review your options. The experienced Wichita Falls lawyers at Carabin Shaw know how to represent Texas burn victims, and we have recovered over one billion dollars for past clients.

One of the most important steps you can take after suffering a severe burn injury is contacting Wichita Falls burn injury attorneys to begin building your case. The financial tolls that severe burn injuries can take on you can be devastating, so having a plan for recovering compensation is vital.

When filing a personal injury claim, you and your attorney will build a case based on evidence in order to pursue compensation for both your monetary expenses related to the accident as well as your physical, emotional, and psychological suffering. An essential element of the case will be negotiating with insurers. Knowing your settlement’s approximate value going into the negotiation process is critical to recovering the full amount of compensation that you deserve.

Before taking your claim to the negotiation process, you and your lawyer must get an idea of what your case is worth to negotiate accordingly. Many people wonder: How are burn injury settlements calculated? If you are asking yourself that question, continue reading below.

The first aspect of calculating the value of a burn injury claim is totaling the cost of all of your economic damages. Economic damages are the financial expenses that you’ve incurred as a direct result of the accident.

Typically, economic damages are things like the following:

• Medical bills
• Lost wages
• Lost earning potential
• Property damage
• Physical therapy costs
• Home modifications

In addition to economic damages, you and your personal injury lawyer in Wichita Falls must consider the potential value of non-economic damages. The value of these damages is difficult to quantify because they do not have a strict monetary value the way economic damages do.

Non-economic damages are typically things like:

• Pain and suffering
• Post-traumatic stress disorder
• Mental anguish
• Loss of enjoyment of life
• Scarring and disfigurement

To estimate the value of the non-economic damages in your claim, contact Wichita Falls burn injury attorneys.

All personal injury claims in Texas utilize the modified comparative fault rule to determine the final compensation amount. Under the modified comparative fault rule, accident victims that are partly responsible for their accident can still recover compensation based on the percentage that they were not at fault.

For example, if an accident victim is determined to be 20% responsible for their accident, they can still recover 80% of the total settlement amount. So, if the settlement amount, in this example, is $10,000, the accident victim would receive $8,000. Importantly, a victim’s percentage at fault cannot exceed 50%, or else they are ineligible to recover compensation.

If you believe that you are partly responsible for your accident, ensure that you include the elements of modified comparative fault in your settlement calculations.

When someone else’s negligence causes you or a loved one’s burn injuries in Wichita Falls Tx, you need to fight for the compensation you deserve. Our top-rated team of Wichita Falls lawyers at Carabin Shaw knows how to negotiate with greedy insurance companies to get you the settlement you deserve. We have been fighting for injured Texans for nearly three decades and have been named a top ten law firm in the country for client satisfaction.

Call us at 800-862-1260 or fill out our online contact form to schedule your free, no-obligation consultation.