A car accident can quickly become an expensive and overwhelming experience. It comes as no surprise, then, that many victims of car accidents ask the question:
“What is my case worth?”
This may seem like a simple question, though the answer is quite complex. Each car accident case is different, and there is no simple formula to determine the value. Please know that no one – not even the most experienced attorney – can tell you what your claim is worth without learning the details of your unique scenario. Those details include a variety of factors that we’ll go over in this post. No two collisions are the same, meaning that your case will be entirely different from any other case.
It’s also important to know that, until these factors are understood, the insurance company does not know what your case is worth, either, despite any attempts to settle quickly. And, not only is the insurance company unaware of the value, but their primary goal is to keep as much of their profits as possible. If you haven’t read our post on the frequently asked question, “Won’t the insurance company treat me fairly?” then we urge you to. You might also want to read up on how insurance companies converted claims into a money-making process.
Some of the major questions surrounding the value of your case are:
– In the police report, who was placed at fault?
– Do you have injuries that will require treatment?
– Have you had, or will you need, surgery as a result of the collision?
– What does your road to recovery look like?
– How has the collision impacted your daily life?
– Have you suffered any permanent damage or loss of function?
– What was the damage to your vehicle?
– Does the negligent driver have insurance coverage?
*Note: if the negligent driver is not insured, you may still be able to recover compensation for your damages. See our post on UM Insurance Coverage.
– Did you lose out on pay from work due to the accident?
– Were there any witnesses to the accident?
– Was alcohol a factor? Drugs?
More specifically, the following factors will likely affect how much your case is worth:
– The type of injuries suffered
– Whether or not you had any pre-existing injuries
– The recovery and/or permanency of injuries
– The cost of medical bills associated with the car accident
– Any future medical expenses associated with the accident
– Loss of income due to your injury
– Pain and suffering as a result of your injury
– Available insurance coverage
– Severity of damage to your vehicle
– …and more.
Because of these numerous factors, it is essential to seek legal advice from a personal injury lawyer as soon as possible. (Not sure if it is in your best interest to hire an attorney? Read our post on when to hire a car accident lawyer.)
A quick settlement may be enticing when you’re worried about covering medical and other bills. Settling quickly, however, does not allow for adequate time to understand the measure of these factors and how you may be impacted in the future. Because of this, a quick settlement can place you in a compromising situation – not fairly compensated for your losses.
You may also be interested in: How long will it take to resolve my case?
Consult with an experienced personal injury lawyer.
While we understand that no amount of money can compensate for injuries resulting from a collision, Baskerville Law LLC commits to aggressive and personalized representation to receive fair compensation for our clients and help them move forward with their lives.
At Baskerville Law, our personal injury lawyer is focused on in recovering compensation that is fair and just for victims of driving negligence. It is our mission to provide trustworthy, reliable and aggressive legal representation and protect your legal rights from pushy insurance companies.
We offer a complimentary consultation to begin the case evaluation process. Take action and contact us today to start the conversation. Call (505) 247-2774 to speak with an experienced personal injury lawyer (not an answering service and not a legal assistant).
The information provided on this website is intended for informational purposes only. This information is not intended to be legal advice and does not constitute an attorney/client relationship.