What is my injury case worth?
Is there reliable information available about how to estimate the value of your personal injury case? In other words, how large of a settlement could you reasonably anticipate? When you speak with an experienced injury attorney about your case, the following information will be necessary for determining what your case might be worth.
- Medical expenses: You should include all your medical expenses, even if you won’t be paying for all of them out of your own pocket.
- Property damage: This is for car accident claims, generally. You want to include the cost to repair or replace your vehicle.
- Lost earnings: If you were out of work for a period of time to recover from the accident, including all lost earnings. If you used paid time off benefits, include the dollar amount as if you were not paid for the lost days. If you are going to miss work due to future medical treatment, include an estimate of those lost wages, also.
- Estimate all future medical costs: You will need to get a treatment plan from your physician, and it is a good idea to talk to your medical insurance company to determine the costs of future treatment and rehabilitation.
- Maximize your medical insurance expenses: The insurance company will try to get you to agree to the lowest settlement they can. One of the ways they do that is to undervalue your medical expenses. Don’t let them get away with it.
Be sure to include all of the expenses you have already incurred, including the ambulance, emergency room expenses, all appointments with your physician, medications and medical devices like casts, braces, crutches or a walker, etcetera.
This is the point where the insurance company can take advantage: they may try to only include some of the incurred medical expenses in the settlement amount. If your accident was severe enough to necessitate future expenses such as medical treatments, rehabilitative services, a wheelchair, modifications to your home, or any other expense related to the accident, then these costs should be included in the settlement amount. These future expenses should also be reflected in a higher multiplier.
When you come in to talk to the compassionate attorneys at Spiros Law, P.C., we will work through an estimate of the potential settlement amount your case could generate. We have been handling personal injury cases for years, and our knowledgeable attorneys will be ready to thoroughly evaluate your case and give you an honest assessment of the compensation you could be entitled to. Let us answer your questions and help you understand all of your legal options when you schedule a free, confidential consultation with us. Call (815) 929-9292, chat with us live, or fill out a contact form to get started today.