IDENTIFYING THE VALUE OF A PERSONAL INJURY CLAIM: HOW DO WE DO THAT?

How much compensation can you expect in a personal injury case if you have been injured in a vehicle accident, medical negligence, slip and fall, or defective product?

The role of an Orlando workers compensation Attorney is to thoroughly examine your situation and assist you in determining the correct response. They have a great deal of experience in this field, having obtained verdicts and settlements totaling more than multi-million dollars for their clients.

FACTORS THAT REFLECT THE PRICE OF YOUR INJURY ACTION

As a result of an accident, you are entitled to compensation that “makes you whole.” Everything about a situation is unique. The truth can take many forms. Our firm, on the other hand, will evaluate the value in your case based on the following criteria if you hire us:

  • Expenses Related To Health Care

In addition to compensating you for your medical expenses, you should be reimbursed for adaptive medical equipment, pain control therapies, physical therapy, and transportation to and from appointments.

  • Loss Of Earnings

The wages you have been unable to earn due to your injury should be reimbursed. You should be compensated for all of your lost pay if your illness is long-term. A reduced earning capacity means you should be compensated for the difference between your pre-injury and post-injury earnings.

  • Suffering And Anguish

“Pain multipliers” are sometimes used by insurance firms. You’ll be compensated for your suffering and emotional distress by multiplying your actual financial loss by a predetermined number.

These damages can be proven through medical records, employment records, and other evidence. They can also confer with medical professionals, economists, and others to determine the entire magnitude of your past and future losses.

INTERACTIVE FACTORS THAT AFFECT THE VALUE OF YOUR CLAIM

Another two things you should consider when determining the worth of your claim are:

  • Relative Carelessness

If you contributed to your injuries or accident, the compensation might be lowered to reflect your share of the blame. Damages totaling $100,000 would need $20,000 in charges, which you would be accountable for if you were percent responsible for the damages. Put another way, the individual who injured you would be responsible for 80%, or $8,000. Because of this, if you are determined to be at least 51% responsible for the accident, you will not be able to collect damages.

  • Limits On Insurance

When you file a personal injury lawsuit against someone at fault, the other party’s insurance typically pays for your expenses. Insurers, on the other hand, will only make payments up to the policy limitations. Even if a jury finds you $125,000 in damages, the insurance provider will only pay up to $100,000 if a party has a limit of $100,000.

A claim against the at-fault party may be possible, but most people don’t have that kind of money to spare. There are various options available, including suing the at-fault party, garnishing their pay, or placing liens on their property, if you cannot recover the damages yourself. Making your way through this process isn’t always easy. Why do settlements typically amount to the at-fault party’s policy limits? Because of this.

FINAL THOUGHTS

Having enough money to pay for your medical treatment and other expenses is vital to moving on with your life and returning to work. You don’t want to settle for anything less than what you deserve; therefore, you need to know how much your claim is worth in advance.

The firm’s injury lawyers can assist you in determining how much compensation you’re entitled to as a result of your injuries. Get in touch with them by phone or online before you decide or sign anything.

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