If you have been involved in an accident in Oklahoma, you may be entitled to compensation for your injuries. However, determining the amount of compensation you can receive can be a complex process. Several factors are taken into account when calculating compensation.
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Types of Compensation
There are several types of compensation awarded in personal injury cases. These include:
Medical Expenses
Medical expenses include the costs of medical treatment, hospitalization, and rehabilitation. If your injuries are severe, you can expect to incur significant medical expenses. Compensation for medical expenses is typically one of the most significant components of a personal injury settlement.
Lost Wages and Earning Capacity
If you are unable to work due to your injuries, you may be entitled to compensation for lost wages. Additionally, if your injuries will result in a diminished earning capacity, you can receive compensation for future lost income.
Pain and Suffering
Pain and suffering can be difficult to quantify. Compensation for pain and suffering is typically awarded on a case-by-case basis.
Punitive Damages
Punitive damages are awarded to punish the wrongdoer for their actions.
Factors Affecting the Amount of Compensation
Several factors can affect the amount of compensation you can receive. These include:
Severity of Injury
The severity of your injuries is one of the most significant factors that affect the amount of compensation you can receive. The more severe your injuries, the higher the settlement amount will be.
Medical Expenses
The amount of compensation you receive for medical expenses is directly related to the amount of medical treatment you require. If your injuries are severe, you can expect to receive a higher settlement amount.
Future Medical Expenses
If you require ongoing medical treatment, you can receive compensation for future medical expenses. An experienced personal injury attorney can help you estimate the amount of compensation you can receive for future medical expenses.
Lost Wages and Earning Capacity
The amount of compensation you receive for lost wages and earning capacity is directly related to the severity of your injuries. If your injuries prevent you from working, you can expect to receive a higher settlement amount.
Liability
The at-fault party’s liability is a significant factor in determining the amount of compensation you can receive. If the other party is 100% liable for your injuries, you can expect to receive a higher settlement amount.
Comparative Negligence
If you were partially at fault for the accident, your settlement amount will be reduced by your percentage of fault. For example, if you were 30% at fault for the accident, your settlement amount will be reduced by 30%.
Working with an Experienced Personal Injury Attorney
Working with an experienced personal injury attorney is crucial to accurately determine the amount of compensation you can receive. An attorney can help you:
- Collect evidence to establish fault
- Calculate the value of your claims
- Negotiate with insurance companies
- Litigate your case in court if necessary
In summary, several factors affect the amount of compensation you can receive in an Oklahoma personal injury settlement. Working with an experienced personal injury attorney is crucial to ensure that you receive fair and just compensation for your injuries.