Understanding the Factors That Determine the Value of Your Injury Case
You’re probably wondering what your case (or claim) is worth if you’ve been injured. When asked this question, my response is, “I don’t know.” Each injury case is different.
However, certain factors can influence the value of your case. Some of these factors positively impact its value, while others negatively impact it.
Factors Influencing the Value of Your Injury Claim
Now, let’s discuss some of those factors.
First and most important is the nature and severity of your injury. The more seriously injured you are, the higher the value of your case. Now, some people believe the myth that the value of your case is three times what your medical expenses are. That’s not true because every case is different.
We’ve had many cases where someone’s medical bills may have been $10,000, and the settlement for their case may have been $100,000 to $150,000. However, we’ve had other cases where for around the same amount of medical expenses, the settlement was only $20,000. So, unless we have all the case facts, it will be difficult to determine its value.
Another factor to consider is the permanency of your injuries. Have you fully recovered, or do you have any permanent disabilities?
Once again, if your injuries are permanent, your case will have a higher value compared to cases without such lasting effects. Of course, it’s excellent to have made a full recovery, but there will be a certain limit to the value of your claim.
I hope I’ve helped answer your question. As mentioned earlier, the value of your claim will depend entirely on the specific facts of your case.