When you’re hurt in a personal injury, it’s fair to want to know the value of your case. In some ways, valuing a personal injury case is a simple math problem. Other parts of valuing a claim are more complicated. Here are four factors that determine the value of your personal injury case:
1) Your Losses
The first step to determining the value of your case is adding up your financial losses. These are your real, out-of-pocket expenses that you have because of your injury. Any medical bills that you have fall into this category. Lost wages from work count here too. Any financial loss that you have because you’re hurt is part of your damages. This is only one part of valuing your claim, but it’s an important part.
When you’re totaling up all of your damages to value your claim, there are some categories of financial losses that may not be obvious. If you need to hire people to help with your kids because you’re hurt, that’s a category of financial losses. Even needing help doing the laundry or mowing the lawn because of your injury is a category of financial loss.
2) Whether You Have Permanent Injuries or Scarring
Once you value your out of pocket losses, the value of your claim depends on
the severity of your injuries. If you have permanent injuries or scarring, the value of your claim is higher than if your injuries are minor. Your case is also worth more if you have many trips to the doctor for treatment and therapy.
3) The Strength of Your Case
A great case is worth more than a case where the evidence is weak. If there’s no question about the responsible party’s liability, your case is worth more. If there are questions about the evidence in your case, it isn’t worth as much as a case where the evidence is clear. An attorney from a firm specializing in injury cases can help you determine the strength of your case. Palmetto Injury Lawyers says there are a variety of different types of injury cases each requiring different knowledge, these include:
Accident:
- Car Accident
- Truck Accident
- Passenger Injury
- Pedestrian Injury
- Motorcycle Accident
- Moped Accident
- Bicycle Injury
Injury:
- Worker’s Compensation
- Medical Malpractice
- Animal Attack Injury
- Slip and Fall or Trip and Fall Injury
4) Whether You Can Collect Your Damages
When the other side can easily pay a judgment, your case is worth more. If you’re working with an insurance company, you can have assurances that they’ll pay your claim quickly. If the other party doesn’t have the money to pay your claim, the value of your case goes down.
Collecting a Fair Recovery
Getting a fair recovery starts with knowing the value of your claim. Look at the strength of the evidence in your case. Evaluate your damages and the severity of your injuries. Examining these factors can give you a pretty good idea of the value of your case.
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