How Much Is My Personal Injury Claim Worth?
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One of the first questions an accident victim may ask is, “how much is my injury claim worth?” Although calculating the value of your personal injury claim can be difficult to do by yourself, there are some tricks to determine the value of your claim.
If you or a loved one has been injured in an accident, call Zinda Law Group at (800) 863-5312 for a free consultation with a Tucson personal injury attorney.
How to Calculate the Value of Your Injury Claim
In order to calculate a realistic estimate of the compensation you deserve, it helps to categorize your damages and then add them up separately. You will then have a grand total that will show what your claim may be worth. The following are some things to consider when tallying up what you may be owed.
The first thing that will be important is determining what your medical expenses are. For example, think about the cost of any doctors’ appointments, surgeries, or medicine you’ve had to pay for since your accident. Now, think about any future medical expenses you might rack up. Will you need to have any check up appointments? Will your injury need more medical attention years from now? Go ahead and add together the cost of any past and future medical expenses you can think of.
Next, you will need to determine if you have lost any wages from your accident, or if you will have a limited earning capacity in the future. Other possible economic damages include:
- Loss of use of property
- Costs of repair or replacement
- Any domestic services you will need to employ, and
- Any loss of employment or business opportunities stemming from your accident.
Add all these possible losses or additional costs together to determine your economic damages.
You may also be compensated for non-economic damages, also known as pain and suffering. Common factors that influence a jury to award damages for pain and suffering include the severity and nature of the pain you’ve suffered, any loss of lifestyle you’ve experienced, or any emotional suffering, among others.
It may be difficult to evaluate the value of your pain and suffering. One way to calculate this number is to multiply the value of your economic damages by a number between one and five, depending on the severity of your injuries.
Finally, to calculate the base value of your claim, simply add the value of your economic damages and non-economic damages together. Now that you have come up with a total for your claim, it is possible to multiply this number further depending on several factors.
The first will be the behavior of the other party. If the other party acted egregiously or is clearly at fault, this could increase the value of your claim. Further, the venue in which a suit is filed can dramatically increase the value of your claim. Therefore, it will be important to make sure the suit is properly filed in order to ensure you are optimizing your claim’s value.
Our Tucson Personal Injury Attorneys Can Help
There is no perfect way to calculate the value of a claim. However, using these tips and tricks, you may have a better understanding of what your claim is worth before you speak with an attorney. In order to get a more definite evaluation of your claim, make sure to find an experienced personal injury lawyer. A personal injury attorney will help you fight for the full value of your claim.
At Zinda Law Group, our accident attorneys have helped thousands of clients recover compensation for medical bills, property damage, lost income, pain and suffering, and much more. We have the experience and resources necessary to help you build the strongest case possible and to pursue the maximum recovery you deserve. We also work on a contingency fee basis, which means you pay nothing unless we win your case.
If you or a loved one has been injured in an accident, call Zinda Law Group at (800) 863-5312 for a free consultation with a personal injury lawyer in Tucson. Meetings with attorneys by appointment only.