The first query we frequently receive from prospective customers is, unsurprisingly, “How much is my case worth?” Of course, the solution is not as straightforward as some might believe. The sort of personal injury case has a big impact. The precise damages, the documentation, and other elements will also be important.
Insurance adjusters may have a method that they employ that includes summing up all economic damages, dividing that total by a conservative amount, and then including non-economic damages. The long-term effects of injuries or the particulars of any given case are not taken into account by this calculation. After reading this article, call Law Offices of Fernando D. Vargas at 909-982-0707 for a free legal consultation to discuss the factors we will take into account when determining the worth of your claim.
Calculating financial losses
Any monetary losses you incurred as a result of your accident are referred to as economic losses. All of your medical costs, such as those for doctor visits, lab work, surgery, medication, physical therapy, follow-up appointments, and wheelchairs or other adaptive equipment, would be covered by this.
Even if your employer reimbursed you through vacation days or PTO, your lost wages while you were healing from an injury or in the hospital count as economic harm. Lost earning potential would be another economic loss if you sustained a permanent injury or disability and were unable to return to your previous line of work.
Assessing non-economic losses
Due to their connection to actual monetary losses, economic damages are relatively simple to calculate. With regard to noneconomic damages, this is not the case. They include things like the loss of enjoyment in life if you are unable to engage in past interests like dance, gardening, or park strolling.
Loss of consortium is another damage if you can’t maintain the same level of physical intimacy with your partner. Finally, you are entitled to noneconomic damages for the injury’s pain and suffering.
Other things to think about
Other considerations will also be taken into account when we conduct our final analysis to determine a settlement request. This covers the plaintiff’s credibility and likeability, any prior medical issues, the length of time the lawsuit was pending, the insurance coverage limits of the defendant, and the difficulty of establishing negligence.
We will have a better notion of the value of your case and where to begin discussions once we have examined the complete case. Even in circumstances that appear to be comparable at first glance, this number can differ significantly from one instance to the next. The Law Offices of Fernando D. Vargas may provide a free legal consultation with a personal injury attorney, which is the best method to learn how much your particular case is likely to be worth.
