What’s My Case Worth?
Many times clients ask at the early stage of their accident case, what is the value of their injury case? Same for individuals representing themselves and posting questions in some of the web law sites such as AVVO and Lawyer.com, among others.
Factors Involved in Determining the Value of a Case
The truth is that at the early stages of the case, it is impossible to know what the value of the case might be. There are way too many variables that one would need to know to determine the value and usually, can only be done after treatment is completed. Here are some of the factors that we consider in valuing an injury case;
- 1. How did the accident happen?
- 2. What type of liability is there between the injured party and the person(s) or individuals involved who caused the accident.
- 3. If a car crash, how much damage was caused to the vehicles?
- 4. How soon after the accident did the person receive emergency or urgent care treatment?
- 5. What were the injuries sustained in the accident? Were there any fractures or is this a soft tissue injury case? The more severe the injury, the more value there is to the case
- 6. What type of treatment is needed to treat the injury?
- 7. How long is the injured party under medical care?
- 8. How many visits are there to the doctor, hospital or for physical therapy?
- 9. Is surgery required to treat the injury?
- 10. Is any time missed from work and if so, how long off from work and what is the amount of the wage loss?
- 11. How much has to be repaid to any subrogated health insurance carrier?
- 12. What is the total amount of all medical bills incurred?
- 13. Is a complete recovery made or does the person have a permanent injury?
- 14. If there is a permanent injury, what is the percentage of disability?
- 15. Will the injured person require future medical care and if so, what is the anticipated cost of that care?
- 16. If a serious injury and married, what is the value of the loss of consortium?
- 17. If a serious enough injury, does it affect the persons’ ability to work in the future and what is the amount of the future economic wage loss?
When injured in a serious accident, rather than being concerned how much money one might expect in settlement, the person should rather focus on getting proper medical care and concentrating on recovering from their injuries. Hire a good personal injury lawyer you can trust and let the lawyer worry about what the value of the case is.
If you have questions about being involved in a serious accident, contact the experienced personal injury lawyers at Karp & Iancu today.