There are a number of factors that must be considered when valuing an ICBC claim. It can be difficult to sort out all of the expenses you incur due to an injury, and some aspects, such as personal suffering, are subjective and complicated to ascribe monetary value to. Here is a brief overview of what should be taken into account in valuing an ICBC claim.
Factors that you may be compensated for:
Pain and Suffering
If your injury was incurred due to the fault of another party, you are entitled to compensation for pain, suffering, and loss of enjoyment of life. The amount of compensation for this differs from case to case and can be difficult to determine, which is why it is advisable to hire a personal injury lawyer to make sure that you get the most compensation that is available to you.
Loss of Past and Future Income
If you were injured through the fault of another party, you may be entitled to compensation for any income lost between the accident and the settlement of the trial. Additionally, if your injury is likely to reduce your capability to earn your regular income in the future, you can receive compensation to account for this.
Cost of Care
If you are injured due to the carelessness or negligence of another party and your injury is severe enough that you will require care, including housekeeping, cooking, or other domestic tasks, you may be entitled to financial compensation to help pay for the care that you now require as a result of the injury.
Special damages are the out-of-pocket expenses for miscellaneous things that you have to pay for as a result of your injury. These can include, but are not limited to, vehicle repair and rental costs, transportation costs for medical treatment, dental work, replacing or repairing damaged property, and insurance deductibles.
If you are looking for help with your ICBC claim, our lawyers are here to make the process go as smoothly as possible and make sure you get the most compensation possible to help you through this difficult time. Book a consultation today and we’ll walk you through your next steps.