How to Determine the Value of a Personal Injury Claim

July 31, 2019 | By Steffens Law Office
How to Determine the Value of a Personal Injury Claim

Most people simply want fair compensation for the injuries they suffered in an auto accident. They are not trying to “get rich” or “get something for nothing.”  However, what really is fair compensation?

Factors to Consider

There is no exact formula for determining the amount of compensation you should recover. A variety of factors are considered by your lawyer, the defendant, and the insurance companies or, if your case goes to court, the jury. These factors include:

  • The severity of the accident
  • Your injuries
  • The impact of the injuries on your employment and day-to-day life
  • The extent of your medical care

Types of Compensation

Fair compensation certainly includes more than just reimbursement for your medical expenses. Depending on the circumstances, a personal injury victim may recover compensation for:

  • Current medical expenses
  • Future medical expenses
  • Lost wages
  • Loss of future earning capacity
  • Physical pain and suffering
  • Mental or emotional suffering
  • Physical impairment
  • Property damage
  • Lost or diminished quality of life
  • Loss of consortium (love and affection)
  • Out-of-pocket expenses

In some cases, the injured person’s family members may be entitled to compensation, depending on the severity of the injuries and their reliance on the injured person.

Consulting an Attorney

Determining the fair value of your claim is one of the critical issues in every case. If your injuries are substantial, you will need to consult with an experienced personal injury attorney.

Call today to schedule a free, no-obligation case review with the legal team at Steffens Law Office.