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What is My Personal Injury Claim Worth?

How Much is My Personal Injury Case Worth?

Have you been injured in an accident due to someone else’s negligence? Are you considering filing a claim but want to know what it might be worth? If so, you are not alone. Many people who have suffered injuries due to another person’s careless or reckless actions often wonder how much their injury claim is worth.

The value of any personal injury case depends on various factors, and the amount that can be recovered varies from case to case. In this article, we will discuss some essential points to consider when determining the potential value of your claim.

The law firm of Cantor Grana Buckner Bucci has the expertise and experience to help you with your claim. Our personal injury attorneys can assess the facts and circumstances of your case to determine the potential value of your claim and provide counsel regarding the best course of action to pursue. We are dedicated to protecting your rights and providing personalized legal advice. Contact us today for a free consultation.

personal injury claim gavel on a bible on money

Overview of Personal Injury Claims

First, it is crucial to understand the basics of personal injury law. In general, a personal injury claim is designed to compensate for damages caused by another person’s negligence or wrongful actions. These claims are based on the concept of “negligence” – the legal principle that holds individuals and businesses responsible for their actions or inactions that cause harm to others.

To have a valid case, you must demonstrate that the defendant’s negligence caused your injuries and resulted in damages such as medical expenses and future medical expenses, lost wages, pain and suffering, emotional distress, and other losses. Often an experienced personal injury lawyer must review the facts of the case to determine if it is legally valid and worth pursuing.

What Determines the Value of My Personal Injury Claim?

Once a personal injury attorney has determined that you have a valid personal injury claim, several factors will affect how much your injury case is worth. Some of these include:

The Extent of the Injuries

The severity of your injury is one of the most important factors when determining how much you can collect in a personal injury case. More severe injuries generally result in higher settlements or verdicts than less severe cases.

The amount of Medical Bills

Your medical expenses are a vital factor in determining the value of your case. The higher your medical bills, the more you may be entitled to in damages.

Lost Wages

If your injury has caused you to miss work and resulted in lost income, this will also be considered when calculating the value of your claim.

Pain and Suffering

Pain and suffering damages are also considered when calculating the value of a personal injury case. This type of compensation is designed to compensate you for the physical pain, emotional distress, mental anguish, and inconvenience you have experienced due to your injuries.

Insurance Coverage

Your personal injury settlement will be affected by available insurance coverage. Suppose the liable party lacks insurance coverage to cover your losses. In that case, you may be able to pursue additional damages from other sources, such as your own uninsured/underinsured coverage.

The Amount of Time it Takes for a Settlement

The length of time it takes for a personal injury case to reach a settlement or verdict can also affect the value of your claim. Often the insurance company is unwilling to settle for a reasonable sum in the early stages of a case.  It may be necessary to litigate the case to the eve of trial, and only then will you receive a fair settlement offer from the insurance company.

The amount you can recover in a personal injury case depends on many factors, including those outlined above. While it may be easier to estimate the value of your case by speaking with experienced personal injury lawyers, understanding these factors can help you determine how much to expect in terms of compensation.

personal injury claims lawyer meeting with injured client

How Do I Calculate the Value of My Claim?

To accurately determine the value of a claim, an attorney will assess various factors, as the amount of compensation you are entitled to can vary depending on the specific circumstances of your case. Additionally, a lawyer can explain the available settlement options and guide you on maximizing your claim’s value. By consulting with an attorney, you can fully evaluate your options, have an expert negotiate with insurers or other involved parties, and ultimately receive the compensation you rightfully deserve.

If you have been injured in an accident due to someone else’s negligence, speak with an attorney immediately. We can review the facts of your case, determine who may be liable for your injuries, and help you receive the compensation you deserve.

What Can Devalue My Personal Injury Case?

Certain factors can ultimately devalue your personal injury case. These factors include:

Contributory Negligence: If you are found to be partially at fault for your injuries, you will lose your right to recover any compensation.

• Exaggerated Claims: Overstating or exaggerating your injuries, damages, and expenses may reduce the amount of compensation that you can receive.

• Evidence: A lack of evidence or documentation to support your claims can lower the value of your case.

Statute of Limitations: If you wait too long to file a personal injury claim, it may be barred by the statute of limitations in your state, and you will not be able to receive any compensation for your losses.

• Insurance Coverage: If the liable party does not have enough insurance coverage, you may be unable to recover the total amount of your damages.

The value of your personal injury claim will depend on many factors, some of which are out of your control. A personal injury lawyer can help you evaluate all the possible options for recovering compensation and will work to maximize the amount you receive in a settlement or verdict.

How to Help Your Case Maintain the Most Value

Although some factors may be out of your control, there are steps you can take to help maintain the value of your case. These include:

Refrain from discussing your claim on social media or with anyone that is not your attorney.

It is essential to refrain from discussing your personal injury claim on social media or with anyone who is not your lawyer. Doing this can significantly impact the value of your case and potentially lead to unwanted consequences.

When discussing personal injury cases, be mindful of what you share online and with others. Anything you post on social media could be used against you by the insurance company or other parties. An insurance company could use what you say against you to disprove your case or lower your settlement amount.

Follow all orders and recommendations from doctors and other medical professionals.

Following their instructions can help ensure you receive the best possible treatment and improve the value of your personal injury claim.

Medical care such as physical therapy, medication, or surgery may be necessary to reduce pain, prevent further damage, and improve your overall health. A failure to follow doctors’ orders could make it difficult for you to receive the total compensation you deserve.

Keep detailed records of all medical bills, lost wages, and other expenses related to your injury.

This includes doctor’s visits, medications, physical therapy sessions, medical supplies, transportation costs to and from medical appointments, and lack of pay due to missed work or reduced hours. Your attorney can use relevant evidence to build a strong case and increase the value of your personal injury claim.

Gather as much evidence as possible to prove your case, such as medical records, witness statements, and photos.

Gathering evidence is a crucial step for ensuring the value of your personal injury claim. Collect as much evidence as possible to prove your case, including medical records, witness statements, and photos.

Medical evidence includes doctor’s reports, test results, and all other documents related to the treatment of your injury. Your attorney can use this evidence to illustrate the extent of your injury and the damages you have incurred.

Witness statements from people who saw the incident can also help prove your case. Photos taken at the scene of the accident or shortly after can provide valuable insight into what happened, making them an essential piece of evidence.

By gathering evidence and documents, you can help ensure that your personal injury claim has the most value possible. An attorney can also assist you in gathering evidence and building a solid case for recovery.

Avoid settling with the insurance company before speaking with an attorney.

It is important to avoid settling with the insurance company before speaking with an attorney. Insurance companies often try to minimize the compensation you receive by offering settlements far less than what you should be getting. An experienced attorney can analyze your case and negotiate a higher payout from the insurance company on your behalf.

It is important to remember that you only have one opportunity to receive compensation for your injuries, so it is imperative that you make sure you are taking the proper steps to protect your rights and maximize the value of your case.

Contact a lawyer immediately if you have been injured due to someone else’s negligence. An experienced lawyer can review the facts of your case, explain all possible options for recovering compensation, and work to maximize the amount you can receive in a settlement or verdict. Do not wait – contact an experienced personal injury attorney today.