Value of a Personal Injury Case
One of the most often questions from victims of accidents who contact our offices concerns the potential financial recovery available for them once there is a settlement of their case. When someone gets into an accident, aside from how they will recover and who they will need to sue, the most frequently asked question is "how much is my case worth?" Below you will find some valuable information regarding the average value of an injury case including auto accidents, truck and motorcycle crashes, Uber and Lyft passenger and driver injuries, and accidents involving pedestrians and motor vehicles.
If you have any further questions regarding the potential value of your case, feel free to contact our law offices. Our attorneys will be able to evaluate your claim and determine its potential value.
Factors in determining the potential value of a caseEvery personal injury case is unique comprising of differing sets of factors which can play a role in establishing its value. Some of the most important factors which can play a significant role in the amount of compensation the victim of a personal injury can receive include the following:
- The severity and magnitude of the injuries suffered by the victims: Diagnosis and documentation of your injuries by medical physicians.
- The medical costs associated with the diagnoses, treatment and care of the victim. This can include ER and Urgent care costs, costs of testing such as X-rays, CT-Scans and MRIs, physical therapy costs, costs of visits to pain management doctors or other specialists based on the injuries you have suffered.
- All other economic damages - this can include loss of income and future loss of earning capacity due to long term injuries or permanent disabilities. For example, if you made $20 per hour and you have lost 100 hours due to the injury, your loss of income would be $20 times 100 which is $2,000. This is a very simplified example on how loss of income works.
- Future medical care and treatment for the injuries suffered. For example, if the victim will need a surgery in the future or in-home care, that would be part of the damages that would be considered in determining the value of your personal injury case.
- Calculation of your non-economic damages: This can include pain and suffering, emotional distress and punitive damages.
- The available insurance coverage limits: In the state of California, every driver must carry a minimum policy of fifteen thousand dollars per individual victim and thirty thousand dollars in total. However there are insurance policies available which can be much greater. For example, commercial vehicles including trucks often carry policies in excess of one million dollars. Uber and Lyft vehicles also carry one million dollar insurance policies on behalf of their passengers and drivers injured in auto accidents.
- Percentage of liability attributed to the at-fault party. If the at-fault party was 100% at fault, then the victim will receive higher compensation than if they were only 50% at fault.
- The law firm or attorney representing you: One of the most overlooked factors in determining the potential value of your case is based on the abilities of your attorney. Victims who seek maximum compensation for their injuries should find an attorney that has the ability and willingness to fight for you every step of the way. Our attorneys are dedicated and passionate, and they know what it takes to maximize the value of your personal injury case.
Further information: Our experienced attorneys will able to evaluate your case and determine the potential value of it free of charge. There are no fees to speak to our attorneys, and if we determine that your case is a legitimate case, we will take it without any upfront costs. We work on a zero fee guarantee. We get paid when you do. If we take your case and we do not get you money, then you will not owe us anything. If you have any further questions feel free to contact our law offices.