How Do I Calculate the Value of My Personal Injury Case? | Fort Collins Injury Lawyers
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If you have recently been injured, one of the things you’ve probably been wondering is, “What is my injury claim worth?” This is a complicated question to answer by yourself, and it is in your best interest to consult with an experienced personal injury lawyer who knows all the variables that go into calculating the value of a claim.
If you or a loved one has been injured in an accident, call Zinda Law Group at (800) 863-5312 for a 100% free claim evaluation with our skilled Fort Collins personal injury lawyers.
What Factors Determine My Case Value?
Economic damages are the costs associated with your injury, which are easier to find an objective dollar-value for.
Medical expenses are a big part of this. First, any doctors’ appointments, surgeries, or medicine you’ve paid for as a result of your injury should be added up. Then, you need to think about future expenses. You may need check-ups or further medical attention down the line. All of these potential expenses should be added together.
Next, you should consider all present and future lost wages resulting from your accident. These should be added to your economic damages as well. From there, several other types of economic damages should be added in. Depending on your specific injury, you may also need to add these to your total economic damages:
- Loss of use of property;
- Costs of repair or replacement;
- Any domestic services you will need; and
- Any loss of employment or business opportunities resulting from your accident.
Non-economic damages can be harder to objectively quantify because these represent the cost of injuries that often are subjective to your case. Some types of non-economic damages include pain, suffering, inconvenience, physical impairment, and disfigurement.
Evaluating your non-economic damages, such as your pain and suffering, may seem challenging. One simple way to estimate your economic damages is to multiply the value of your economic damages by a number between one and five, depending on the severity of your injuries.
To come to the base value of your claim, add the value of your economic damages and your non-economic damages together. When you get that total, certain aspects of your individual case may allow you to multiply that number.
Fault is a big factor in finding your claim’s multiplier. If the other party was clearly in the wrong, your claim is probably worth more. But even if you are partially at fault, you still may be able to recover for at least part of your claim. With this in mind, it is important to be aware of statements that insurance companies take from you because these will be used to help calculate your claim’s value.
In addition, the venue–that is, the court where your suit is filed–can impact the value of your claim. A skilled attorney will know which courts have the most potential to recover the full amount of your injury.
Recovering the Full Value of Your Claim
Just as every injury is unique to the person who has suffered it, the value of your claim is specific to your individual case. Still, these rules of thumb can help you ballpark a number for your claim before you meet with an attorney.
To make sure that you receive the full value that you are entitled, it is important that you find a trusted personal injury attorney who will fight for you in court. You deserve someone who knows the law inside and out to allow you to recover the full value of your injury claim.
Our Fort Collins Accident Lawyers Can Help
At Zinda Law Group, our experienced injury lawyers have the knowledge and resources necessary to help you pursue maximum compensation for medical bills, property damage, lost wages, pain and suffering, and all the other ways your injuries have cost you. And as one of our clients, you will pay nothing unless we win your case. That’s our No Fee Guarantee.
If you or a loved one has been injured in an accident, call Zinda Law Group at (800) 863-5312 to receive your free consultation with our experienced personal injury lawyers in Fort Collins, Colorado.
Meetings with attorneys are available by appointment only.