After a slip and fall or car accident in Iowa, determining the value of your claim involves assessing both economic and non-economic damages.
Economic damages include medical bills, lost wages, and property damage, while non-economic damages cover pain and suffering, emotional distress, and loss of enjoyment of life. Calculating these damages can be complex, especially when future medical expenses and ongoing care are involved.
To make it simple for clients, we often break it down in mathematical terms. For example, in a typical personal injury case, the economic damages are medical expenses plus lost income. Here is what the formula ends up looking like:
Medical Expenses = Past Medical Bills + Future Medical Costs + Prescription Costs + Medical Devices + Home Healthcare Services
Lost Income = Past Lost Wages + Future Lost Wages + Loss of Earning Capacity + Loss of Benefits
No two cases are alike, and so no two damages calculations are exactly the same. But breaking it down in mathematical terms helps clients understand what they need to be made whole.
