How To Asses Future Costs In The Case of A Personal Injury Claim

Severe injuries take a long time to heal and often need the guidance of physical therapists and other treatments – none of which are accessible without payments. Recovery in cases like these are far from cheap and for the average person often impossible to cover without compensation.

There are quite a few provinces in which a person with a serious injury is eligible for compensation through the defendant’s insurance policy. Now, getting past and current expenses covered is relatively easy, especially compared to the process of getting compensation for future expenses. After all, it isn’t an easy feat for Injury Lawyer in Vaughan to predict the exact amount of future costs.

Pecuniary damages, which is legal speak for future costs, include medications, counseling, special assessments, therapy, property damage, lost wages, as well as assistive devices. In short: pecuniary damages cover all costs following the accident. However, there are other factors that are also put into consideration, for example how old the plaintiff is and who will be the caregiver, the severity of the disability and what the chances are for improvement or full recovery. Long term costs are involved in such cases and the victim might not be able to pay it all off and needs the compensation.

Important Factors To Consider

To really predict an accurate monetary amount of your future expenses in regards to your recovery process, there are many factors that need to be considered. For example, the duration of already running supports, any additional supports that will be necessary in the future, government sources that may make certain supports available, not to mention the consideration of future inflation and a potential increase in living costs like housing.

The Future Care Report

If an accident left you with a life altering disability, your personal injury lawyer will most likely bring up something called a “cost of future care report”. A document like this is the best way to present the detailed costs of your future care, and is generally paid for by your personal injury lawyer. However, they aren’t the one to draw it up and type it out. A certified rehabilitation registered nurse will be the one to approach your health care providers, review your medical records and talk to all relevant family members in an effort to gather the complete extend of important information regarding your case and put together one concise report that can be an accurate representation of your situation and an accurate prediction of your necessary future treatments and expenses.

More to explorer