What is my Personal Injury Claim Worth?

best personal injury law firm

Written by Jeremy D. Earle, JD

July 6, 2022

Personal injury claims are notoriously difficult to value. When it comes to the worth of a case, there is no one-size-fits-all solution. No formula can give you an accurate idea of the value of your claim unless you meet with a personal injury attorney.

This includes the severity of your injuries, how much money you’ve lost due to medical expenses, and whether or not you’ve taken legal action. Warrior Injury law, a group of personal injury attorneys  can explain the nuances of your case and prepare you for what to anticipate.

Is your injury claim worth what you think it is worth? To answer that question, I’d need to learn more about the specifics of your legal situation. To learn more about your legal options, call our Colorado Springs office at 719-300-1100.

MAKING A DECISION REGARDING THE VALUE OF YOUR INJURY CASE

When it comes to a personal injury lawsuit or settlement, the amount of money you might obtain mostly relies on the following factors:

THE AMOUNT OF DAMAGE YOU’VE SUSTAINED

A more serious injury will almost always result in a greater payout. More serious injuries may result in higher medical costs, more time away from work, and a greater toll on your overall well-being.

For example, the cost of treating a traumatic brain injury  may run into thousands of dollars. Another possibility is that you’ll be unable to work, which might have a major impact on your life. You might expect to obtain a substantially greater payout if you had a shattered bone due to an accident.

One of the most important factors in calculating the compensation you’ll get is the severity of your injuries.

Insurance jargon has two kinds of damage: physical and emotional.

ECONOMIC DAMAGES

Damages to one’s economic well-being might result from a lawsuit for personal harm. To put it another way:

  • Medical costs.
  • Wages that were not earned
  • Property damage is a possibility.

For example, you may be entitled to recover your lost wages if you cannot work for two months due to your injuries. If you have to pay $10,000 in medical expenses due to your injuries, you may also be entitled to get compensation for that.

An exact cash number is frequently associated with actual injury damages, making them the most straightforward to compute.

DAMAGES THAT ARE NOT DIRECTLY ECONOMIC

In a personal injury lawsuit, non-economic losses might be considered.

  • Pain and suffering damages
  • Physical pain
  • Emotional misery
  • Loss of pleasure in life

Non-economic damages are more difficult to assess since they cannot be quantified in monetary terms. On the other hand, our injury attorneys will utilise a multiplier to determine non-monetary damages. If you have any questions about the worth of your case, please contact us now.

HOW DIFFERENT TYPES OF DAMAGES AFFECT YOUR INJURY PAYOUT

Common compensatory damages include the following:

  • Past and future health care costs (past and future) (past and future)
  • Suffering and pain
  • Physical agony
  • Emotional suffering
  • Wrongfully killed
  • Property damage is a possibility.
  • Expenses incurred outside of the company
  • Punitive damages for the breakup of the group

As a result of the plaintiff’s injuries, the plaintiff’s connection with their spouse, the loss of companionship or their incapacity to sustain a sexual relationship are all examples of “loss of consortium” damages.

However, this list may not include all the damages you have. The most typical compensatory damages given in personal injury cases are these.

EXPENSES FOR COMMON DIAGNOSTICS AND TREATMENT
  • Many physicians will provide scan tests such as MRI, CT scans, and x-rays to aid your recovery.
  • Blood work
  • Surgeons’ appointments
  • Office visits and continued therapy by the doctor.
  • Ambulances are transported by ambulance
  • Hospitalization
  • Surgery
  • Prescription medicines.

It’s common for insurance adjusters to attempt to get as little money out of a claim as possible. So why do insurance firms focus on earning money rather than compensating customers? Insurance companies gain more money when they pay out fewer claims.

NEGLIGENCE COMPARATIVELY

Due to the comparative negligence rule, there is a considerable impact on the value of your personal injury lawsuit. If someone else’s carelessness caused your injuries, you might only seek damages according to your share of the blame.

For example, if you were 50 per cent to blame for your injuries, you would only be able to collect 50 per cent of your losses. The opposing motorist must be responsible for at least half of the vehicle collision.

Because of this, it might have a major impact on the value of your case if you determine it to be even partially responsible for causing your injuries.

The statute of limitations greatly affects your personal injury case’s value. The statute of limitations is the time restriction for bringing a lawsuit following an injury.

FACTORS AFFECTING PAYOUTS FOR INJURIES

The amount of money an insurance company pays out in a personal injury claim may be affected by various circumstances.

  • The severity of the injuries
  • The length of time the victim will suffer from the injuries
  • The amount of medical treatment required
  • The victim’s age and health
  • The number of insurance limits coverage available
  • The jurisdiction in which the case is brought
  • Defendant’s financial condition
  • Comparative negligence rule
  • Statute of limitations
LIMITS SET BY THE GOVERNMENT

A personal injury claim’s policy limit is the most money an insurance company will pay. The insurance provider determines the policy limitations, which might vary greatly from one company to the next.

The sort of insurance you have may also affect your policy’s maximum payout. Examples include distinct limits for medical and other damages, while some have a single limit covering all losses.

 LONG-TERM EFFECT

Because permanent injuries may have a long-term impact on the person, they are typically more valuable than short-term injuries. It is significantly more expensive to treat long-term injuries than short-term pain and suffering injuries.

Amputation of a limb, paralysis and injury to the brain are all instances of lifelong injuries.

  • Damage to the spinal cord
NEGLIGENCE COMPARATIVELY

When assigning blame for an accident, the comparative negligence law governs how much of that responsibility may be placed on the defendant. An injured person’s participation might reduce a personal injury lawsuit in triggering an accident or inactivity after an injury.

Under the comparative negligence rule, the plaintiff may only obtain damages if they were less than 50% culpable for their injuries. For damages to be awarded, the plaintiff must be less than 50% culpable for their injuries.

CONSISTENT MEDICAL CARE FOR SERIOUS INJURIES

The negotiated compensation can be larger if the victim’s injuries need long-term medical care and financial burdens.

HOW MUCH DOES AN INSURANCE ADJUSTER THINK A CLAIM FOR AN INJURY SHOULD BE WORTH?

The first indicator of how much an insurance company is ready to pay to settle a claim comes from an adjuster’s evaluation of the claim’s worth. The facts of the case are examined by the adjuster, who then assigns a monetary value.

An insurance adjuster may estimate a claim’s value, who may or may not be correct in their estimations.

  • When evaluating a claim
  • the adjuster will look at various factors
  • including the severity of the injuries
  • the cost of the necessary medical treatment
  • the victim’s age and health,
  • the quantity of insurance coverage
  • the jurisdiction in which the claim is filed.

The insurance company may try to minimize the settlement amount by attempting one or more of the following methods:

BLAME SHARING

A legal theory is known as the “shared culpability rule” permits an insurance company to lower the amount of money they pay out in a personal injury claim. This rule takes effect when the victim bears some of the blame for their injuries.

The shared fault rule might considerably impact a personal injury lawsuit’s value. Insurers may save money by using this policy.

AFFORDABILITY

Insurance companies will also consider a personal injury lawsuit’s expenses. The expenses of retaining a defense counsel, conducting an investigation, and preparing for the trial are all included.

If the insurance company thinks the lawsuit has a high probability of succeeding, they are likelier to foot the bill. They will not foot the bill for its defense if they believe the issue will fail.

SOME THOUGHTS ON SETTLEMENT CALCULATORS

Certain insurance companies are using automated claim settlement calculators against the protests of trial lawyers.

A personal injury settlement calculator is a piece of software that estimates the value of a claim. These systems consider a wide range of elements, including the severity of the injuries and the quantity of medical care necessary to determine a settlement.

There is no guarantee that settlement calculations are correct. As a result, they may underestimate the value of a claim since they do not consider all of the elements that might impact its value.

COMPENSATION FOR INJURIES MIGHT BE INCREASED BY HIRING AN ATTORNEY.

Attorneys specializing in personal injury cases may assist raise a claim’s worth since they know how to get a better settlement from insurance companies.

Additionally, a personal injury lawyer will ensure that the insurance company covers all the expenses of fighting the case, including the cost of engaging an investigator and preparing for trial.

The lesser the value of a claim, the more likely it will be settled out of court. All claims are unique; hence, the value of a particular case might vary greatly from one to the next.

ASSISTANCE FROM A LAWYER HAS MANY ADVANTAGES

Because not all lawyers are created equal, your choice of legal counsel might substantially influence the outcome of your case.

Personal injury attorneys with greater expertise in negotiating with insurance companies may have an advantage. They’ll know how to get a better settlement and ensure that the insurance company covers all of the expenses of the lawsuit.

Each case we take on is given a thorough examination to establish the best course of action for pursuing your claim based on the facts and the law. We then Endeavor to secure you the greatest possible payment from the insurance company.

The lawyer you choose may significantly impact your case’s result. They

  • Initiate and conduct investigations;
  • gather evidence;
  • plan the trial, and negotiate with the insurer

When you choose a lawyer to handle your injury case, he or she will do the following crucial tasks:

EXAMINE THE LOCATION OF THE MISHAP

The attorney will dispatch a photographer and diagrammed the location of the accident to document it. Witnesses and evidence may also be interviewed and collected by the investigators.

INTERVIEW WITNESSES

When the accident occurs, the lawyer will immediately speak with witnesses and get their statements, including details on what they saw and heard.

EXAMINE THE PATIENT’S FILES

To evaluate the degree of your injuries, the attorney will analyze all of your medical records. The second driver’s irresponsibility will be investigated as well.

PREPARE FOR A JURY DUTY

The attorney will compile all the evidence and hire specialists to testify on your side.

MAKE A DEAL WITH YOUR INSURANCE PROVIDER

You may count on your lawyer to work out a fair settlement with the insurance company on your behalf.

HOW LONG DO PERSONAL INJURY CLAIMS TAKE TO BE RESOLVED?

The time it takes to decide a case depends on the severity of the injuries and the quantity of evidence available.

Because the insurer knows that the victim would not hire an attorney and go to court for minor injuries, they may give a settlement promptly.

It is common for the insurance company to wait to make an offer until they have completed their investigation into the incident. Because of this, they may be looking for proof that the victim was to blame for the accident.

For the sake of you and your loved ones, we will do all we can to ensure that you get the best possible resolution for your legal matter.

GETTING THE MOST OUT OF YOUR ATTORNEY

You may anticipate the following if you choose our legal team to defend you:

  • To decide the appropriate approach to pursue your claim,
  • we will thoroughly examine the facts and the law.
  • We will negotiate with the insurance company to try to secure you the best possible settlement.
  • We will prepare for trial by collecting all the evidence and bringing in experts to testify on your side.
  • We will represent you in court.
  • We will do all in our ability to achieve the best possible result in your case. •

There are no two cases alike, and the conclusion depends on the specifics of each one.

PERSONAL INJURY CLAIM FILING REQUIREMENTS
  • To pursue a personal injury claim, you must have been hurt as a result of the carelessness of another party.
  • Damages, such as medical bills or lost earnings, must be incurred due to the accident.
  • You have a limited time, usually two years, to claim after the accident.
INVOLVE OUR ATTORNEYS IN YOUR LEGAL DEFENSE EFFORTS

Don’t be taken advantage of by the insurance company. Contact Warrior Injury Law immediately for a free consultation if you have been hurt in an accident. We will analyze your situation and decide the best action to pursue your claim.

Our legal office handles personal injury claims, which has a long history of dealing with this kind of matter. We know the law, and we know how to get things done. ‘

Set up an appointment by calling 719-300-1100 now.

FREQUENTLY ASKED QUESTIONS ABOUT PERSONAL INJURY

WHAT ARE THE BEST WAYS TO BOOST THE VALUE OF AN INJURY CLAIM?

Numerous factors should be considered in determining the worth of a personal injury claim. Insurance companies will do everything they can to undervalue your claim, which must be understood upfront. It’s critical to understand their tactics and devise a strategy to oppose them.

You’ll be able to bargain more effectively if you have this information at your disposal. The value of your case will be increased by dealing with one of our injury lawyers.

They will likely be able to do thorough research, put up a persuasive legal case, and communicate with the insurance company on your behalf. Avoid going alone if someone else’s carelessness has wounded you; get legal counsel instead.

For a free consultation about your legal options, call our Colorado Springs law office at 719-300-1100.

PERSONAL INJURY CASES SHOULD GET THE FULL COMPENSATION THEY ARE ENTITLED TO. STATISTICS

Several elements must be considered when calculating the worth of an individual’s injury claim.

Insurance firms use computer software to assess the value of a claim. However, these estimates are often lowered to save the insurance company money.

Personal injury lawsuits may be filed if you have been hurt in an accident and require the assistance of an attorney. To create a compelling case, an expert lawyer should be hired.

HOW MUCH A PERSONAL INJURY CLAIM IS WORTH

The value of a claim may be affected by a variety of circumstances, including:

  • To determine the extent and degree of harm,
  • costs associated with treatment,
  • the time required to recover from injury,
  • and property loss are all considered.
  • The defendant’s fault or carelessness may also play a role.

Several factors come into play while determining whether or not a case may proceed: (the time limit to file a lawsuit)

TYPES OF DAMAGES THAT CAN BE RECOVERED IN ACCIDENT COMPENSATION CLAIMS

Injury victims may suffer from simple bodily injuries like a bruise, severe financial losses, property damage, and even the death of a loved one.

Emotional or psychological harm, such as post-traumatic stress disorder (PTSD), and financial harm, such as lost wages, are also possible injuries. Depending on the sort of accident, the damage that results may be varied.

There are two basic types of physical injuries:

  1. Damages for pain and suffering, medical expenses, and lost income are all included in the concept of compensatory damages.
  2. Punitive damages are intended to punish and discourage future wrongdoing by the defendant.

Finding an experienced personal injury lawyer is vital should you ever find yourself wounded in an accident and need legal help. As a result of a personal injury, you may be entitled to compensation from the insurance company.

LAWSUITS FOR PERSONAL INJURIES: HOW TO NEGOTIATE A HIGHER SETTLEMENT

For the most part, persons who have been hurt in an accident do not obtain enough compensation from their insurance companies because they do not know how to bargain effectively.

Here are a few pointers for getting a better deal in an accident case:

  1. Do your homework: Make certain that you know the worth of your case and the compensation you are entitled to.
  2. Keep your expectations in check:Damages and other relevant variables will determine the maximum amount of compensation that may be awarded in each instance.
  3. Decide what proof you’ll use to back up your claims. What are the weak points of the opposite side?
  4. Keep your cool and manners up: Do not get angry or abrasive.
  5. If the other responsible party refuses to participate, don’t be afraid to walk away from the discussion.
  6. Hire an attorney:In addition to advocating for your interests, an attorney may help you negotiate a better settlement for your injury claim.

Increasing your injury payout for your claim is considerably easier if you follow these pointers.

INJURED PERSON’S CASE

Filing a claim on your own might be difficult, but a Colorado Springs personal injury attorney can simplify the process. An attorney can help you navigate the legal system and ensure you receive the maximum compensation possible.

You may find it challenging to gather proof throughout your injury claim settlement procedure. Finding out what evidence exists is the first step. After then, it’s time to start compiling proof.

Is a lawsuit something you’re thinking about? Getting a free case review from our Colorado Springs law office will help you learn more about your alternatives and the likelihood of a favorable result.

A CLAIM FOR COMPENSATION AFTER AN ACCIDENT

The term “personal injury claim,” which refers to a legal action to recover compensation for harm suffered due to an accident caused by someone else’s negligence, may also be used interchangeably.

If feasible, do your best to document the occurrence that resulted in your injuries. It’s a great tool for figuring out what occurred and who could be to blame.

Have you been injured in an accident and are looking for compensation? The best way to guarantee you get the greatest possible settlement is to hire a Colorado Springs legal company. Please contact us for a free case review.

EVIDENCE YOU’LL NEED TO SUPPORT YOUR INJURY CLAIM.

A wide range of evidence may be utilized in a personal injury case, but not all of it will be.

In these circumstances, the most prevalent evidence includes:

  • Medical reports
  • Witness testimony
  • Images or video footage of the alleged incident

To identify the evidence most useful in your particular case, you must speak with an expert lawyer who can examine the individual circumstances and provide appropriate advice.

WITNESS ACCOUNTS OF THE INCIDENT

Witness testimony is one of the most important pieces of evidence in any case. Having the testimony of any on-scene witnesses might be critical in establishing the facts of your case.

Liability may be established far more easily when others who observed what happened can testify. At the same time, witnesses may provide light on how much damage was done and how it affected your life.

REPORTS FROM THE HEALTH CARE SYSTEM WITNESSES TO AN INCIDENT

Records and reports from your doctor’s office may also be extremely helpful in a claim since they can show the severity of your injuries, the care that has been given, and the length of time you’ve had to recover.

Medical records might be used to discredit witnesses or experts in court.

It is possible to utilise your medical records to establish serious injury even if a witness testified that you did not seem to be hurt after a car collision.

FOOTAGE OF THE INCIDENT IN PHOTOS OR VIDEO

Photos or video recordings of the accident or event may also help prove culpability and compensatory damages.

Courts and juries may be shown what transpired and how much harm was done through evidence.

It’s not uncommon for images or videotapes to be used against witnesses in court. Your lawyer needs to know whether you have any proof of this.

INJURIES TO THE SELF REQUIRE MEDICAL ATTENTION

Treatment after an accident may be costly and daunting. Pain and suffering may linger for months, if not years, for those who have been in an accident.

A DOCTOR IS TREATING YOUR INJURIES

You should go to the hospital as quickly as possible if you are injured. Injuries should be evaluated by a medical professional, who may then prescribe the appropriate course of action.

Pain caused by injuries is a typical occurrence. Depending on the doctor, it is possible to obtain pain treatment in various methods.

Expenses incurred as a consequence of an automobile accident might be substantial. A doctor may recommend tests or treatments to confirm that you are completely recovered.

Injury victims may get the compensation they need to pay medical care expenses if they have medical documents from their doctor. You may also choose to hire a doctor to testify on your behalf.

As part of their examination into a claim, the insurance company may seek certain medical data.

If so, please tell us about it. Obtaining a fair settlement may be on your mind. With the guidance of a Colorado Springs personal injury attorney, you may secure the greatest possible settlement from your insurance company. For a free consultation, please contact us.

WHEN IT COMES TO COMPENSATION ISSUES, INSURANCE COMPANIES TO DEAL WITH

Since physical harm often results in expensive medical bills, having health insurance is essential.

A team of insurance adjusters works with insurance companies to analyze losses and estimate how much compensation they will provide the victims. Insurance adjusters are trained to minimize the value of a claim.

Damage to the vehicle is one factor an insurance adjuster considers when determining how much compensation a victim may get after an accident. However, the offer might be predicated on the damage being repaired with low-quality components.

If so, please tell us about it. Seeking medical assistance as soon as possible is critical. To maximize the value of your injury claim, you need an attorney familiar with litigation’s intricacies.

AN INSURANCE ADJUSTER SHOULDN’T BE TRUSTED

An insurance adjuster who isn’t on your side might be dangerous to deal with.

The insurance adjuster may pressure you into signing a release or agreeing to a settlement that isn’t in your best interest.

An attorney should always review any agreement you sign with an insurance adjuster. Make certain you know what you’re signing and what it means before you do it.

In an accident, use extreme caution while speaking with the adjuster from your insurance company. Do not sign anything unless you have had it reviewed by an attorney.

Our goal is to help you collect the highest compensation possible for your losses. Get in touch with us now to learn more.

A DAMAGES PAYOUT FOR A PERSONAL INJURY

When a personal injury victim receives a settlement, they agree not to file a lawsuit against the party or parties responsible for the accident.

They may be ordered by a court or jury, although these settlements are often reached via mediation or agreement between the parties concerned. If you’ve been hurt in an accident, a personal injury lawyer may help you receive your due money.

INJURY CLAIMS: THE HIGHEST POSSIBLE DAMAGES

To get the maximum monetary compensation, a plaintiff must win his or her case in court. There is a statutory restriction for various activities that differs from one state to the next.

By getting a free legal consultation, you can figure out how much compensation you’re entitled to and whether or not it’s worth it to file a claim.

CASES RESOLVED BY A PERSONAL INJURY ATTORNEY

Car accidents, slips and falls, and other mishaps may all be the subject of personal injury lawsuits, which a personal injury lawyer can assist with. If you’ve been hurt in an accident, a dedicated personal injury lawyer may be able to assist you.

The value of your injury lawsuit might be increased by working with an attorney who can assist you in filing a claim and negotiating with the insurance company. If you win your case, you may be able to get compensation for the lost earnings that you’ve suffered.

INCREASING THE VALUE OF YOUR INJURY CASE BY HIRING AN ATTORNEY

If you’ve been hurt, call us at 719-300-1100 for a free consultation.

Increase the value of your case with the advice of an experienced personal injury lawyer in Colorado Springs. It is their job to help you construct a compelling case and get you the compensation you are due.

As a result, you owe us nothing until we successfully resolve your legal matter.

Free Consultation

NO FEE UNLESS WE WIN

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