Watermans Top Tips for Seeking Genuine Legal Advice
Compensation for Financial Loss
When making a compensation claim, it is easy to concentrate on the physical injuries you have suffered. But what if you sustained a financial loss as a result of an accident? You are entitled to seek the replacement cost of any damaged items.
Made It Very Easy For Me
"I was very apprehensive starting a claim, but I was helped through every step. I found it a very easy process and was very pleased with the outcome. Watermans were professional and efficient in handling the claim. They made it very easy for me!"
S Costelloe, Personal Injury Claim
The Short of It
When you are making a compensation claim,
you are entitled to seek compensation for financial loss due to the replacement cost of any property damaged in the accident.
Examples of property that you can seek financial compensation for
include mobile phones, glasses, bicycles, clothing, jewellery and more.
As your solicitors, Watermans will ensure
you receive the best replacement price for your damaged property.
Everything we do at Watermans is about getting you the resolution you need
and providing straightforward legal advice. It should be that simple.
The Long of It
Financial Loss
Common financial loss claims
Personal injury claims are relatively common in Scotland. Compared to 2021-22, there was a 12% increase in personal injury cases initiated in 2022-23. What many don’t know is that you can claim compensation for more than just the injury to your person.
When you make a personal injury claim, it is easy to assume that you can only claim for the pain and suffering you have experienced because of your injuries. However, you are entitled to claim for other financial losses, such as property damage.
Financial losses can significantly affect you, particularly when the damaged items are essential for daily use or work. For example, you may need your cellphone to operate your business or require your bicycle for the daily commute to work.
It is frustrating and inconvenient when you are without your property, and it is reasonable to expect a refund or payment for this loss. Common examples of financial loss and property that you can claim include:
- Replacement clothing
- Mobile phone
- Broken glasses
- Replacement helmet from a motorcycle accident
- Leathers for motorcyclists
- Broken laptops
- A new bike if your bicycle cannot be repaired
If you have experienced property damage, getting in touch with a property damage solicitor is a crucial step to ensure you receive the compensation owed to you. In most cases, acting quickly and keeping detailed records will help support your claims.
It is important to keep these damaged items after your accident, and where possible, take photos of them, too. If you have the purchase receipt for these items, it would help when building and proving your case. However, it is not necessary to have them.
Making a Claim
How do I make a financial loss claim?
Accidents are unpredictable, and so is the impact that it has on you. It may already be a difficult time for you as you try to recover from your injuries. Why should you be inconvenienced further? Compensation claims help ensure fairness by addressing the financial impact of such incidents.
At Watermans, our expert solicitors investigate your case and ensure that you are not left out of pocket due to someone else’s negligence. Our team offers efficient claims management services designed to make the process as straightforward as possible. Additionally, we can guide you through the next steps to ensure your case is handled efficiently.
Our property damage solicitors operate on a no win no fee basis, meaning that if we don’t win, you don’t have to pay any fees.
How Much Compensation?
How much compensation can I expect from a financial loss claim?
The compensation you could receive for a loss of finances claim is all dependent on the circumstances of the accident and the degree of damage to your lost property. As your solicitors, Watermans would endeavour to get the best possible replacement price to ensure you are fairly compensated.
Why Watermans?
Why should I choose Watermans to pursue my claim?
At Watermans, we make legal services look and feel easy so people can move forward in life.
Our property damage insurance lawyers are committed to ensuring you receive fair compensation for your losses. We will guide you through the claims process with straightforward legal guidance and your best interest in mind.
We take the hassle from you and fight each case to secure the maximum level of compensation. Our goal is to help you recover not just financially but also physically and emotionally. That’s why we provide access to a range of additional services, such as physiotherapy and psychological treatment, ensuring you recover from your injuries as soon as possible.
Expert Personal Injury Lawyers in Scotland
Our expertise in personal injury covers a wide range of areas, including:
- accidents at work
- public liability claims
- road traffic accidents
- fatal and serious injury claims
- cases relating to abuse
With extensive experience in personal injury claims, including property damage claims, we have successfully represented thousands of clients throughout Scotland, securing millions of pounds in claim compensation for our clients.
Speak with us today to get started on your financial loss claim and take the next steps toward a resolution.
You deserve compensation for the monetary losses you’ve incurred. Let us help you get what you are owed with straightforward legal advice.
FAQs about Financial Loss Compensation
If you’ve incurred injuries from an accident that was not your fault, you can claim compensation three years from the date of the injury or when you became aware of the injury.
You can still pursue compensation if the other party denies liability. In this case, it helps to have evidence that supports your case and proves the other party’s negligence has caused your injury and/or loss of finance.
Should the other party continue to deny liability and you’re unable to settle, we can proceed with litigation. Alternatively, your lawyer could advise closing the claim if the denial has very strong, compelling evidence. You could also continue negotiations or settle on a split liability.
All of these approaches could result in a lot of time and money being spent. Therefore, it’s best to use a knowledgeable lawyer for property damage to take care of your case.
Seeking compensation for financial loss can be a complicated process.
Contact Watermans expert property damage lawyers now for straightforward legal advice.
Get in touch with us
Everything we do at Watermans is about getting you the resolution you need and making that process straightforward. Start the process by sending us your details below or calling us on 0131 555 7055
Our personal injury claims expert
“Making a claim for compensation can be such a daunting process for people, so I try to make it as straightforward and easy to understand as I can for them.”
Susanne McGraw, Head of Personal Injury