Suppose you’ve been injured in an accident and are considering filing a personal injury case in Nevada or have just started on this difficult journey, it is helpful to understand the legal terms that will be used throughout your process. This blog post will cover the most critical seven terms to know if amidst your personal injury case.
Estimates say that there are around 300,000 to 500,000 personal injury cases each year in the United States; that’s quite a lot!
The most important person in any claim process is yourself. Find an experienced attorney who will work on your behalf and put their professional skills towards making sure that everything goes smoothly in claiming your compensation for your injury.
Let’s get to know these commonly-thrown terms.
Negligence:
You can make a personal injury claim if someone else’s negligence causes you physical harm. The most common type of these cases aims to prove that the other party was at fault and caused losses incurred by their injured plaintiff, which would allow them compensation in damages. You can collect compensation for your personal injury if you were involved in an accident and prove that the other person was negligent. It’s important to have a highly skilled lawyer who knows how complicated this process may be.
Economic Damages:
Economic damages are meant to compensate you for tangible losses incurred as a result of your injuries. Economic Damages often include compensation for medical treatment, loss in income, and property damage along with legal fees that may be associated when dealing with this type of personal injury law case
The intent behind them being compensatory means they’re intended to not only be a replacement cost but also sufficient enough so an injured person can get back on their feet again; after suffering through such trauma at least partially because someone else caused it without maliciously intentioned harm.
Non-Economic Damages:
Unlike economic damages, non-economic damages are for intangible losses that may not be physical or can’t always be seen in a personal injury case in Nevada. An example is “pain and suffering,” as well as a sense of emotional distress which should be compensated with money on behalf of the victim(s).
Statute of Limitations in a Personal Injury Case in Nevada:
The statute of limitations is the limit on how long a person has to file suit or other legal action after suffering a personal injury. The passage of time can affect your right to receive compensation. In most states, the time to file a lawsuit is two years after the incident has occurred. It is always recommended to reach out to an experienced attorney as soon as possible after you have been injured.
Maximum Medical Improvement:
Maximum medical improvement is when you have reached full recovery or, in some cases of serious injury, MMI may be an indicator that continued medical treatment will no longer improve your condition. This doesn’t necessarily mean that you will no longer receive medical care. Instead, you will be provided medical care continuously due to limitations caused by the injury.
Settlement Release:
In a personal injury case, when an insurance company agrees to settle for the policy limits prior to trial, then they issue a settlement release. The settlement release releases the plaintiff from all claims, known or unknown. The release is signed once the plaintiff has been paid in full. It is a document that you will sign and submit to the insurance company after you receive the settlement amount. It is important to remember that once you settle the case by getting the compensation, you can never reopen the case in the future.
Contingency Fees:
Contingency fee arrangements with an attorney happen when a lawyer and client agree that the lawyer gets paid directly from funds recovered in a lawsuit, rather than charging the client hourly or requiring payment upfront. The lawyer does not receive a fee if no recovery was made for the claim.
Contingency fees arrangements are very common if the lawyer is handling claims against an insurance company for personal injuries, consumer protection, or worker’s compensation. The arrangements are also common in civil rights cases and other cases against corporations or government agencies.
Reach Out to An Experienced Attorney:
Personal Injury Lawyers are the best defense against your personal injury case in Nevada. Our personal injury lawyers know that sometimes accidents happen, and they want you to be as comfortable during this process of healing as possible. We will fight for what’s right; all while ensuring your needs come first!
