Calculating Damages in Chicago Truck Accidents

Tuesday, October 24, 2023

Calculating Damages in Chicago Truck Accidents

Written by Malman Law, reviewed by Steve J. Malman.

If you have recently been involved in a truck accident, you might be eligible to earn compensatory damages whether you seek economic or non-economic damages. Yet, to know whether or not you have a valid case, it’s best to speak with a Chicago truck accident attorney at Malman Law.

Our lawyers are well-versed in trucking accidents and have the knowledge needed to help you determine if you have a case while helping you calculate the damages owed to you. If you want to learn more about calculating damages, continue reading.

How Are Damages Calculated After Trucking Accidents In Chicago?

Now that you know how long, more or less, it can take for an individual to receive compensation for their damages, you’re likely eager to learn more about how they are calculated. First and foremost, you must realize that your damages will be separated into two categories: economic and non-economic.

When calculating your damages, a lawyer will look into these factors, like whether or not your injuries are permanent or temporary, to determine how much is owed to you. Have a look below to learn more about this:

• Medical expenses: A lawyer will look over your medical bills and statements to calculate how much you spent on healing your body and mind after a trucking accident.
• Property damages: When involved in a trucking accident, vehicles often take significant damage that can lead to expensive repairs or write-offs. When evaluating the damages owed to you, an attorney will look at the costs of repairing or replacing your damaged vehicle. Based on their findings, they will calculate how much you would need to replace or repair your car and tack it onto the settlement agreement.
• Future medical expenses: Unfortunately, since trucking accidents tend to be more severe, many experience devastating injuries that can lead to lifelong care being needed. If this is your case, an attorney will evaluate how much money you should receive for ongoing medical care – like surgeries, medical treatments, and medications. Usually, the amount you are awarded will depend on the testimony received from your doctors and other medical experts.
• Lost earnings: Depending on your injuries, you may be required to take time off work temporarily or permanently. Your attorney will determine how much money you lost during your healing time and any future earnings you have lost because of your injuries. Based on this, they can try to help you recover some of the past and future income owed to you.
• Pain and suffering: Since no matter where you live, pain and suffering is non-economic damage, it is harder to calculate but not impossible. To calculate how much you should be paid for this damage, your attorney will examine the severity of your injuries and the hardships you could face. The worse and more long-lasting your injuries, the higher your likelihood of obtaining compensation for pain and suffering.

Speak With A Chicago Truck Accident Attorney Today To Discuss Your Trucking Accident Settlement

Calculating damages after a trucking accident in Chicago can be incredibly difficult since this type of case is harder to navigate and more complex than vehicle accidents. This is why it’s often best to consult a truck accident lawyer from Malman Law. Our attorneys can help you determine if pursuing a lawsuit with the negligent party is worth your time.

Should a lawsuit be in your best interests, we will do everything we can to ensure you strengthen the likelihood of receiving compensation for lost wages, various medical expenses, pain and suffering, and property damage. Simply contact us here, and our attorneys will be in touch to help you hold the liable party at fault for your accident responsible for our damages.