This form is to be used as an acknowledgement by client of settlement of the client's claim and as a reciept for the distribution of settlement funds.
Rhode Island Settlement Statement of Personal Injury Case and Receipt
State:
Multi-State
Control #:
US-PI-0019
Format:
Word;
Rich Text
Instant download
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How to fill out Settlement Statement Of Personal Injury Case And Receipt?
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FAQ
There are two parts to a personal injury compensation settlement: General Damages ? to compensate you for your injury and for your pain and suffering. Special Damages ? to compensate you for any expenses you've incurred, loss of earnings, and your future care needs.
It should contain a clear summary of the facts, and an indication of the injuries suffered, and of any financial loss incurred. In particular, it should provide the following information: Details about how the accident occurred. The date and time of the accident or incident.
Compensatory damages are money awarded to an injured party that compensate for damages, injury, or another incurred loss.
There are six different types of damages: compensatory, incidental, consequential, nominal, liquidated, and (sometimes) punitive.
It entails totaling your economic damages and multiplying them by a variable. Typically ranging from 1.5 to 5, higher variables are assigned to more severe cases. For instance, if you incurred $100,000 in economic damages and a 1.5 variable is applied, your pain and suffering damages would amount to $150,000.
In most personal injury cases, the claim for special damages covers prescription charges, travel to appointments and some loss of wages. If it can be proved that your injury left you unable to work, and you lost earnings as a result, the special damages you will get include lost earnings.
Personal injury compensation awards will be calculated based on the type and seriousness of your injury, and any other losses you have suffered as a result, such as medical bills or if you cannot work.
In Rhode Island, the statute of limitations for filing a personal injury claim is generally three (3) years from the date of the incident for the great majority of injury claims.