Future Losses Explained

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Category Archives: Truck Accidents

Future Losses Explained

Monmouth County NJ Personal Injury Attorneys
Monmouth County NJ Personal Injury Attorneys

In personal injury cases such as car accidents, premises liability, product liability, construction accidents, truck accidents, motorcycle accidents, and slip and falls, one very important concept is that of “future losses”. If your injury has a lasting impact on your life, such that it impacts your ability to work and enjoy life the same way you did before your accident, you have the right to sue for future losses.

The two main components of future losses are that of lost income and future medical expenses. Your personal injury attorney should consult with medical experts, rehabilitation experts, and economic experts in order to determine what affects the lasting impacts of your injury will have on your life.

Middlesex, NJ Personal Injury Attorneys Discuss Lost Income

Lost income refers to the difference in what you would have earned had you not been injured versus what you will likely earn post-injury. In order to determine this, several aspects must be examined.

  • What is the likely timeline for your recovery, how long will your injury affect your ability to earn?
  • What is a person’s expected income with a similar background to yours such as education and age?
  • What are the economic conditions in your specific industry? Would there likely be opportunities for growth and advancement?
  • If you had not been injured, how likely were you to transition to a higher paying job either within your field of employment or without?
  • What are you likely to earn now that you have been injured?

By consulting with financial experts, experienced Middlesex personal injury attorneys hope to answer some of these very important questions, and in doing so, provide you with the best possible lost income compensation.

Monmouth County, NJ Personal Injury Attorneys Discuss Future Medical Expenses

Obtaining an accurate estimate of what your future medical expenses will be as a result of your injury is the next step for your personal injury lawyer. Some important factors to consider are:

  • The likelihood of your condition remaining stable and/or deteriorating
  • How much medical care you are likely to need
  • The expected rise in cost of the medical care you will require
  • How much of those costs you will be responsible for (i.e. the costs that are not covered by your insurance provider)

Proving these factors required expert testimony, and often that testimony will be argued by experts for the plaintiff. Having an experienced Monmouth County personal injury lawyer to consult with, and introduce to the court, the best possible experts is extremely important.

Contact a West Long Branch Personal Injury Attorney Today

Determining future losses such as lost income and future medical expenses is a complicated and time-consuming affair. The law team of Chamlin, Rosen, Uliano & Witherington has extensive experience defending the victims of negligence and recklessness across Middlesex and Monmouth Counties.

If you or a loved one has been injured in an accident of any kind, please do not hesitate to contact us online or through our West Long Branch offices at 732-440-3950 to discuss your case today. All personal injury cases are taken on contingency, and if you are unable to come to our offices for a consultation we are happy to meet with you in your home or your place of care.

First Conversation with a Monmouth County Personal Injury Attorney

Speaking with a Monmouth County Personal Injury Lawyer Understand the basics and get started Being injured in a serious accident is a traumatic life experience. At the West Long Branch law offices of Chamlin, Rosen, Uliano & Witherington, we hope to alleviate some of the stress involved with the experience by informing our clients as… Continue Reading

How Does Pain and Suffering Factor into my Monmouth County Personal Injury Lawsuit?

In general terms, when a victim retains counsel and files claim the goal of a personal injury attorney is to reach a settlement amount or be awarded an amount through trial that will restore your life to what it was before the negligent party caused your injury. In many cases, that is not exactly possible, so… Continue Reading

Pedestrian Accidents Monmouth County, NJ

New Jersey is the most densely populated state in the U.S. Other than meaning that we may have the most diners per street corner in the world (research yet to be conducted), it also can endanger pedestrians on crowded streets. Car accidents, truck accidents, train accidents, and other motor vehicle accidents can all be devastating when they involve pedestrians. Pedestrian accidents often… Continue Reading

Monmouth County, NJ Personal Injury Depositions

Most personal injury cases result in a settlement outside of the courtroom. This is due to a litany of reasons including both parties wanting to avoid the costs of litigation, the extended timelines, and the risks involved in a court trial. However, even personal injury cases which never are heard by a judge are still serious legal… Continue Reading

Expert Witnesses Used in Monmouth County, NJ Personal Injury Cases

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Severe Injuries Demand Higher Personal Injury Compensation

No two injuries are exactly alike. This may seem obvious, but the nature and severity of your injuries can have a material impact on the compensation to which you may be entitled through a personal injury claim. Victims of car accidents, motorcycle accidents, slip and fall accidents, construction accidents, defective product accidents, and any other type of accident may need to… Continue Reading

Motorcycle Safety Laws in New Jersey

Those who ride motorcycles understand that there is nothing quite like that feeling. The lifestyle, the freedom, the culture, and even the less frequent trips to the gas station are all great reasons to ride in New Jersey. Unfortunately, bikers also assume a greater risk of serious injury or even wrongful death due to the inherent dangers of riding… Continue Reading

Understanding NJ Car Insurance Policies and Injury Compensation Recovery

Each state in the United States is given the discretion to choose what types of insurance policies are made available for drivers of all kinds of vehicles. In New Jersey, state policies are such that insurance companies offer drivers two important types of car accident injury coverage: “limited right to sue” and “unlimited right to… Continue Reading

Motorcycle Injuries and Your Motorcycle Insurance Policy

In the United States, each state is given the power to choose what kinds of insurance policies will be available for motorists of all kinds, including cars, trucks, motorcycles, and recreational vehicles such as boats or jetskis. New Jersey has chosen to employ a “no-fault” insurance policy, meaning anyone involved in a car accident or… Continue Reading

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Chamlin, Rosen, Uliano & Witherington of West Long Branch, New Jersey, provides representation throughout Monmouth County including Asbury Park, Belmar, Colts Neck, Deal, Eatontown, Freehold, Hazlet, Holmdel, Howell, Lake Como, Long Branch, Manalapan, Manasquan, Marlboro Township, Middletown, Neptune, Oakhurst, Ocean Township, Redbank, Shrewsbury, Spring Lake, Tinton Falls, Wall Township, West Long Branch, and Freehold Township; Ocean County including Bayville, Brick, Jackson, Lakewood, Lakewood Township, Mantoloking, Point Pleasant, Point Pleasant Beach, and Toms River; Middlesex County including East Brunswick, Milltown, New Brunswick, Old Bridge Township, Perth Amboy, Sayreville, South Amboy, South River, and Spotswood.

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