How Much is My Case Worth?
Plantation Personal Injury Attorney
When looking to file a personal injury claim, the number one concern for most people will be how much their case will be valued at. How much can they expect to receive? What kind of costs and expenses will you be compensated for? When looking at the initial claim, how will your insurance company decide how much everything is worth? At the Law Offices of Jason T. Corsover, we unfortunately cannot give you exact answers regarding your specific case. Our
Plantation injury lawyer, however, can help give a broad overview of how the value of an injury claim is calculated.
Determining the Value of a Personal Injury Claim
There are several different places where your insurance claim will look when deciding on the value of your claim. The first place they will look is how much expenses you have incurred as a result of the accident.
For example, they will determine the cost of the following:
- Medical bills
- Lost wages
- Future costs for any disfigurement or permanent injuries
- Lost experiences (such as on the job training),
- Emotional damages
- Property damage
While the tangible costs (such as medical expenses) are easy to calculate, it is a little more difficult to put a monetary value on the non-tangible ones. How much should one be compensated for emotional pain and suffering? How much is the plaintiff suffering from having lost out on school? Generally, when an insurance adjuster is dealing with a personal injury claim, they will first deal with the tangible medical-related costs, coming up with a number that is referred to as "medical special damages."
These will then be multiplied, depending on the severity of the injury. For minor injuries, it may be multiplied by 1.5, whereas a more serious injury may be multiplied by 5. After this base number has been figured out, the adjustor will add on any lost wages that the plaintiff has suffered from the accident. This is considered the foundation for most insurance companies and is where negotiations will generally begin. It is also important to keep in mind that this number may fluctuate if the insurance company has reason to believe that you are at fault for the accident.
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The above is a very basic formula that can be used by insurance companies, but it should not be taken as exact or as legal advice. It is impossible to know how much your case will be valued at until an attorney has evaluated it – and even then, the numbers may vary with what the insurance company values it at. For this reason, if you have been injured, it is extremely important that you get a knowledgeable lawyer on your side who will be able to go above and beyond for you.
We are experienced in helping accident and injury victims and will work with experts in medicine, economics and psychology to determine the extent of injuries you have suffered to quantify these in terms the court will understand. We will then work with these professionals and others (such as accident reconstruction specialists) to prove your injuries were the proximate cause of the other party's actions or inaction. We know what is at stake; you can trust that we will go above and beyond to protect your rights.