Before examining how claiming can help with the financial loss of personal injuries, let’s look at what constitutes as financial loss.
Financial loss of personal injuries
The financial loss of personal injuries includes three main components, namely:
- The cost of personal property damaged during an accident. In a cycling accident, for example, this could be the cost of replacing damaged clothing, repair or replacement of your bicycle, etc.
- Expenses incurred during the recovery period. This may be expenses for medication, physiotherapy or travel expenses to get to hospitals and other medical facilities, for instance.
- Loss of earnings. Some injuries take longer to heal than others. It could, for example, take weeks, if not months, to recover from a serious knee injury. Being unable to go to work for a prolonged period could put you and your family at risk of serious financial hardship.
Compensation claims take all of these factors into consideration.
Proving financial loss
Naturally, it will be necessary to provide evidence of your financial losses. This means you must provide receipts for any expenses you may have incurred because of an injury. If you are claiming for loss of earnings, you will also need to show how much income you have lost. This can be done by provision of pay slips and/or bank statements.
Accident Advice Helpline
Having provided people like you with help and support in claiming compensation for over 15 years, our nationwide legal team can help you:
- Assess what your financial losses are and what evidence you will need to prove these losses
- Gather all necessary evidence to support your claim
- Conduct your claim efficiently
In short, our in-house solicitors can bring your claim to a satisfactory conclusion that will compensate you not only for your pain and suffering but also the financial loss of injuries you sustained quickly and effectively.
If you were injured in an accident for which someone else was responsible within the past three years, fill in our online 30-second test, or compensation calculator. We will then contact you to confirm your claim eligibility and discuss your case in more detail.
Alternatively, you can also enlist our help by having a no-obligation, confidential chat with a helpful Accident Advice Helpline advisor today. Our freephone helpline is open 24 hours a day, 365 days a year. You can call us either from your mobile or from a UK landline by dialling 0333 500 0993 or 0800 689 0500 respectively.
Date Published: March 10, 2017
Author: Accident Advice