Whenever you face a personal injury case, this can lead to damages, injuries, and substantial compensation to cover your losses. Not all personal injury cases are similar to each other and this is why each case is unique including the extent of injuries of the victims and the value of the injury. There are indeed several factors that play a role in determining the worth of your personal injury claim.
If you are a victim who doesn’t have enough knowledge of the prevalent personal injury laws of your state, it is better to rely on the legal tips given by a professional attorney. Let’s discuss how worth is determined in a personal injury claim.
What actually is a personal injury claim?
A legal cause of action where you seek compensation for damages caused due to an injury is called a personal injury claim. Such personal injury claims usually arise due to an accident or injury that was caused because of the negligent action of another party. A few examples of situations that can result in a personal injury lawsuit include car accidents, pedestrian accidents, slip and fall accidents, defective product claims, Farming accidents, explosions, nursing home abuse, amusement park injuries, and several others.
What are the different factors that affect the value of your personal injury claim?
The extent and seriousness of your injuries
How severe and serious your injuries are will have an impact on the worth of your claim. the more serious the injury is, the higher will be the claim’s value. However, there are certain minor injuries too that are worth pursuing as they might later on lead to substantial damages.
The time taken by the victim to recover
The length of time that you take to recover will impact the total amount of Lost wages that you incur, the personal care costs, and medical care costs. The more time you take to recover, the more losses you will incur. If the lawyer is smart enough to calculate your pain and suffering damages, longer recovery time will increase the value of your non-economic damages too.
The strength of your evidence
When you are all set to pursue a personal injury claim, you should be ready to prove the elements of negligence in order to hold the other party responsible for your losses and damages. If the evidence you provide is weak or false, the insurance company will immediately offer you or settlement amount that is much lower than what you actually deserve.
If you think you are partially responsible for the accident or the injury, the comparative negligence laws will reduce the worth of your claim. Your compensation amount will also decrease by the same percentage of fault you share for the cause of the accident. If you are 40% at fault for a motorcycle accident, you can only recover 60% of the damage value.
Therefore, if you wish to win the case against the liable party, it is always better to work with a legal professional rather than fight for your rights all by yourself.