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Chicago personal injury lawyersA serious auto accident can leave a person with painful injuries and mounting debts. If you or a loved one were injured in a car crash, motorcycle accident, or truck accident, you know firsthand the financial devastation that an accident can bring to a person’s life. Fortunately, a personal injury lawsuit may allow you to recover financial compensation for the damages you suffered. Compensation for monetary losses as well as the non-monetary harm caused in the accident may be available. The amount of financial compensation that you could recover depends on several different factors.

The Severity of Your Injuries and Your Prognosis

Medical expenses and lost income from missed work are often two of the largest expenses a car accident victim suffers. Typically, the worse your injuries, the greater your medical costs. Injuries that lead to long-term or permanent impairment often lead to greater personal injury payouts. If your injuries reduce your ability to work, you may be entitled to compensation for the harm to your earning potential.

The amount of compensation you could receive for your pain and suffering is also directly linked to the severity of your injuries. In many personal injury cases, the compensation an injured person receives for non-economic damages is determined by multiplying financial damages by a factor of 1.5 to 5. For example, if your medical expenses, lost wages, and property damage totaled $30,000, you may recover $45,000 – 150,000 for non-economic damages like pain and suffering.

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