After an accident, you likely focus on the obvious losses: medical bills, lost wages and vehicle repairs. Many injury victims in Maryland leave substantial compensation unclaimed because they do not realize the full scope of damages available to them.
Why early settlements can be risky
The average bodily injury liability claim in 2024 reached $28,278, according to the Insurance Information Institute. While this figure provides a general benchmark, it does not capture the full range of losses that serious injuries can cause.
When you accept an early settlement, you typically waive your right to seek additional compensation later. This means that if new symptoms emerge or your condition worsens, you may have no legal recourse.
Part of the problem is that some losses do not come with a receipt. Unlike a hospital bill, intangibles like chronic pain or the inability to enjoy your hobbies have no obvious dollar amount attached.
Commonly overlooked damages
Maryland law allows you to seek compensation for the following:
- Loss of enjoyment of life: Compensation for activities you can no longer participate in, such as sports, hobbies or family outings.
- Loss of consortium: Damages for the impact your injuries have on your relationship with your spouse.
- Future medical expenses: Costs for ongoing treatment, physical therapy or surgeries you may need down the road.
- Diminished earning capacity: Compensation if your injuries prevent you from advancing in your career or earning what you previously could.
Each of these can be easy to miss, especially when you are looking at your immediate recovery, leaving you financially vulnerable to long-term costs that insurance adjusters may ignore.
What this means for your claim
If you suffered an injury after a car accident, it might help to take a comprehensive view of how the incident has affected your life. Consider keeping a journal that documents your daily pain levels, activities you can no longer enjoy and how your relationships have changed.
Speaking with a medical professional about your prognosis and potential future needs can also provide valuable insight. Understanding whether you might require additional treatment helps ensure you do not settle for less than what you may need in the long-term.