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How Much is Your Personal Injury Claim Worth? Get the Facts That Will Help You Find the Answer

Many factors can influence the value of a claim, making this a difficult topic to answer. On the other hand, if the defendant is ready to pay, there are certain criteria that might assist personal injury attorneys in determining how much they should settle the case for. These rules are very consistent, and they reflect the facts of several prior personal injury settlements.

Read on to learn what these factors are. If you would like advise on your specific case contact Law Offices of Fernando D. Vargas at 909-982-0707 to request a free legal consultation.

Economic damages

Your attorney will begin by calculating your present and anticipated economic damages. Medical costs, missed earnings, and damage to your property, such as a vehicle, are all examples of “special damages.” It is critical to get an accurate evaluation of your economic damages so that you have enough money to cover your living needs while you recover.

Non-economic damages

These losses include items that are difficult to quantify in terms of cash. “Pain and suffering” is one of the most prevalent forms of non-economic losses. There are, however, a number of additional types of non-economic, or general, damages. The loss of pleasure of your company by your spouse or children, as well as other difficulties, may emerge and be included in these damages. Calculating these sorts of damages may be even more difficult than calculating total economic losses.

Attorneys will frequently utilize an estimate to determine non-economic damages after you have a foundation of your economic damages. Because no two persons are alike, non-economic losses can vary greatly from one victim to the next. As a result, it is imprudent to base your settlement plans on the experiences of others.

General truths about personal injury damages

In general, the larger your losses will be, the younger and healthier you were before the accident; the more assistance you gave for your family; and the better your chances for increasing income or other alternatives. That is not to say you should not consider the impact of your pain and suffering, especially if the defendant did something plainly hazardous or illegal. Even when the victim was older or younger, had already retired or was not yet working, or was unable to support for his or her family prior to the tragedy, many cases have been resolved for substantial sums.

The key to determining the appropriate amount for your personal injury settlement is to seek the advice of an attorney with extensive expertise in resolving these sorts of cases. You don’t want to entrust your future, as well as the sum of your prospective compensation, to an unskilled attorney. You want to be able to trust your lawyer’s judgment, and the best way to do so is to hire a lawyer who has a track record of obtaining favorable settlements for his or her clients.

Call Law Offices of Fernando D. Vargas now at 909-982-0707 to request a free legal consultation.