Losing a loved one due to negligence is heart wrenching and financially overwhelming. While no amount of money can truly make up for the loss, a wrongful death claim provides a legal way to get justice and financial relief for surviving family members. The value of a wrongful death claim is determined by many economic and non-economic factors that courts and insurance companies consider.
Table of Contents
Wrongful Death Damages
Wrongful death damages are divided into two main categories: economic and non-economic damages. Economic damages are measurable financial losses, and non-economic damages are for emotional suffering and the impact of the loss.
Economic Damages in Wrongful Death Claims
Economic damages are based on the tangible financial contributions the deceased would have made to their family. These pecuniary losses include:
Non-Economic Damages in Wrongful Death Cases
Non-economic damages are harder to quantify but just as important:
Factors That Affect the Value of a Wrongful Death Claim
The value of a wrongful death case depends on several key factors:
Wrongful Death Claims
The largest damages in wrongful death cases are almost always the grief and personal loss of the family member. While professional economists provide testimony on lost wages, inflation rates and projected financial contributions. The attorney’s argument and liability facts of the case can lead to substantial outcomes for the family.
Punitive Damages in Wrongful Death Cases
In cases of extreme negligence, such as drunk driving, defective products or willful misconduct, punitive damages may be awarded. These damages are not tied to the family’s financial loss but instead punish the at-fault party and set an example for others.
Settlement vs. Trial Outcomes
Most wrongful death claims are settled outside of court. Settlements provide families with faster compensation and lower legal fees. However, if an insurance company won’t offer a fair amount, pursuing the case in court may result in higher compensation but longer timelines and uncertainty.
Why You Need a Lawyer
Finding an experienced wrongful death lawyer in Houston is crucial in building a strong case, calculating damages, negotiating with insurers and presenting evidence in court. Attorneys work with financial experts, medical professionals and vocational specialists to maximize the value of the claim. They ensure families are not pressured into unfair settlements by insurance companies that put profits over people.
Conclusion
Calculating the value of a wrongful death claim requires a thorough examination of both financial contributions and the immense emotional loss suffered by surviving family members. Each case is unique, influenced by the age, health, occupation and dependents of the deceased, as well as the circumstances of the death. By pursuing a wrongful death claim, families can get financial stability, hold negligent parties accountable and get justice for their loved one.
