How to Figure Out Personal Injury Case Value?
Personal Injury cases revolve around claiming for compensation for the injuries and losses you have suffered. However, as with all legal matters, there are technicalities involved in personal injury cases as well.
An important factor that goes into your personal injury claim, is calculating the value of the claim. Calculating the value in turn depends upon miscellaneous factors as well.
Essentials, which go into the calculation of a personal injury case, include:
- The Type of Injury and Damages
Injuries range from mild to severe. They can include injuries of the brain, neck, head, spine or burn injuries, or injuries as a result of medical malpractice and much more. In either way, the severity of the injury and the damages suffered highly influence the amount of the claim.
For example, if there was a case of broken bones, which required surgeries, therapy and a long period of recovery, then the medical expenses and loss of income will be calculated as well.
Damages are classified into two types: economic and non-economic. Economic damages include the direct damages such as medical expenses, loss of wages, damage to property etc. Non-economic damages can range from loss of consortium, post-traumatic stress disorder, mental anguish and other kinds of damages that cannot be calculated directly.
- Insurance Coverage
The extent to which insurance companies cover for the damages also impacts the overall value. Policies vary from company to company and each insurance company adjusts the value of the claim as per their discretion.
- Negligence and Extent of Fault
If the victim has received their injuries in a car accident, they can sue the other driver for being at-fault and being negligent. Similarly, if a particular drug has caused injury, then the pharmaceutical company associated with the drug can be held liable for being negligent.
In such circumstances, it is also important to prove that the other party had been negligent or was at-fault indeed and caused the injury.
- The Venue of the Accident/Injury
The venue is also looked at in personal injury cases. If you have slipped on the road on an icy day, then it will be hard for you to claim for compensation since there is no other party involved.
However, if you slipped on a wet floor in a mall and injured yourself, you can claim that there was no banner or sign that would indicate caution to be taken on the floor.
- Pain and Suffering
Accidents and injuries can leave a person in emotional upheaval and distressed. They can lose their ability to socialise, to love, to work with efficiency or to function without anxiety. These issues are categorized as non-economic damages, and qualify for compensation as well.
Figure Out Your Case’s Value Faster With Our Help!
Do you need assistance in determining the value of your compensation claim? You can get in touch with the Rochester injury lawyer right away and easily arrive at a value for your claim.
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