Around 2,000 years ago, Julius Caesar was captured by pirates in the Aegean Sea. It all happened around 75 B.C. in the crystal clear waters off Anatolia. The pirates demanded 20 talents of silver for his release. Oddly, Caesar insisted he was worth 50 talents of silver! Most hostages don't negotiate their ransom UPWARD. But Julius Caesar knew what he was worth! When it comes to lawsuits, how do we know what OUR CASE is worth?
We see those commercials on TV. Were you stationed at this military base? You may be entitled to money compensation. Were you injured in a car accident? You may be entitled to a large money award. TEHLİKELİ MADDELERİN KANUNLARI https://www.communityabroad.com/turkish/post/1000000051086 And so on and so on it goes. But just how are money damages calculated when it comes to injury?
Some people have the notion, "Well, two million sounds like a nice round figure." MİLYON DOLAR İLE BİN DOLARLIK DAVA ARASINDAKİ FARK NEDİR? https://www.communityabroad.com/turkish/post/1000000050486 But this business is not about pulling dollar figures out of a hat. Here are the components that law firms use to compute money awards on their cases:
Pain & Suffering - This usually the largest component. It is the pain and anguish that an injury brings. This includes both physical pain and emotional stress. This has a money value.
Lost Wages - After an accident, a person could miss time from work. If it is more serious, they could require disability. Lost wages is the amount of money lost by not being able to work. This has a money value.
Medical Expenses - This includes everything from the initial emergency room visit to follow-up therapy. It includes radiology, neurological tests, physical therapy, surgery, and post-operative care. This has a money value.
Property Damage - as the name suggests, this is damage solely to property. It could mean repair or replacement. Here's a terrifying example of property damages in a boating accident. Fortunately, no one was hurt here. BOATING ACCIDENT https://www.youtube.com/shorts/wXmDs8g1FyQ On a larger scale, here is another example of an accident where fortunately no one was hurt, and damages were only to the ships. İSTANBUL BOĞAZI'NDA KORKUTAN KAZA https://youtu.be/X2NNSgfIsro
These are only the most basic components of the formula. There are additional elements, such as loss of consortium, affection, support, and more. These can differ from one case to another.
To my friends out there... I hope this is information you never need to worry about! But there's nothing wrong with knowing how lawsuits are valued for your general knowledge.
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