Is there a way to calculate the value of my catastrophic injury claim?

Yes, there is a way to calculate the value of your catastrophic injury claim in New Mexico. The process of determining the value of a catastrophic injury claim is done by assessing damages, or the compensation that you are owed. The damages can be grouped into two categories: economic damages and non-economic damages. Economic damages are those that can be easily calculated and are usually quite easily determined. These damages can include medical expenses, lost income (past and future), and any property damage that may have occurred because of the catastrophic injury. Non-economic damages, on the other hand, are harder to calculate as they are subjective. These types of damages are awarded for the pain and suffering endured, as well for any loss of enjoyment of life. Non-economic damages are typically calculated by taking into account the severity of the injury, the age of the injured person, how long the injury will affect the individual, and if an accident victim is left with permanent disabilities. In addition to assessing damages, the court also considers the negligent party’s degree of fault in causing the accident. The more negligent the defendant was in causing the catastrophic injury, the higher the damages incurred by the plaintiff. In New Mexico, it is advised to consult a knowledgeable catastrophic injury lawyer who can review the facts of your case, assess the damages, and work towards obtaining the maximum compensation amount that you deserve for your injury.

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