Personal Injury: What is the value of my case?
This is a difficult, but common question with regard to a personal injury matter. In order to establish a value for your personal injury claim, several things must be considered, including the severity of your injuries, the facts of the case, insurance policy limits and the character of the defendant in the case. If the liability issue is clear, the value of a case is generally based on five components: past medical history and bills, future medical care and the projected cost of that care, wages lost, diminished earning capacity, and pain and suffering.
There is no exact formula in calculating the value of a personal injury claim. Evidence, conflicting testimony, past medical history, and other factors can affect the potential value of a claim. With that said, based on our combined experience with personal injury matters, we may be able to calculate an estimated value for your claim, once we have been able to obtain all medical records and statements and have been able to evaluate how our client’s physical and mental state has been altered from the date of injury.
The gravity of your injuries, exact details of your accident, any degree of fault that may be yours, your employment history, your ability to work, and your life expectancy will all be examined and will play a role in determining the potential value of your claim. Your lifestyle choices, the consistency and forms of your medical treatment, and any past litigation history will also be analyzed.