There is no magic formula or simple answer by which someone can predict or tell you the amount of money your injury case may be worth. There are so many factors which may influence the value of a claim that it is virtually impossible to create some type of formula to reasonably predict the value of any given case. An experienced personal injury lawyer will be able to provide you with a settlement range based upon the facts of the case and the types of injuries. But this range may change during litigation based upon what happens during that process.
In addition to the specific types of damages you may recover, other intangible factors may influence the value of any case, including:
- How strong the proof is against the person at fault
- Any negligence to show you were partly to blame
- The nature and extent of any injuries
- Types of medical treatment received and those needed in the future
- Your general health and life expectancy before and after the accident
- Insurance policy limits
These factors all work together to determine your settlement. For example, if the negligence of the defendant is clear, but you fully recover from your injuries after a short period of time, then the settlement amount will be less than if you suffered a permanent injury or disability. The cases where negligence is clear and serious injuries are suffered usually result in the highest settlements.
In addition, the amount of insurance coverage available on behalf of the defendant is extremely important. For example, you might suffer catastrophic injuries after being struck by a negligent motorist, but if the motorist only carries $10,000 of bodily injury liability coverage and you don’t have UM, it may be all you can recover.
Because there are so many variables to consider in evaluating the damages in your injury claim, it is often necessary to hire experts to help establish the extent of these damages. These experts may include vocational experts, life care planners, economists, psychologists and/or psychiatrists. Oftentimes, the skilled expert can help corroborate evidence and describe the effect the injuries will have on your future.
No two cases are alike. Evaluations of cases that appear to be similar on the surface produce widely different results. Effectively evaluating personal injury cases takes a great deal of knowledge and experience, and some seasoned intuition. That is why it is important to hire an experienced personal injury attorney. If you have any questions regarding your case, feel free to call us at 727-446-0840. We will give you our honest opinion and advice regarding your case and won’t charge you anything unless we win your claim.