#9 How do I find out what my personal injury claim is worth?
QUESTION: How do I find out what my personal injury claim is worth?
ANSWER: Determining the value of your personal injury claim can only be accurately done after you’ve completed treatment for your injuries. Factors such as fault, vehicle damage, preexisting conditions, medical providers, treatment duration and type, gaps in treatment, subsequent injuries, wage loss, recovery status, and future treatment needs all play a crucial role in evaluating your claim. It’s important to focus on your recovery first, as the settlement value is based on a comprehensive analysis of these factors to align with potential jury awards. Claims should not be settled until all relevant information is available post-treatment.
How do I find out what my personal injury claim is worth?
Understandably, this is a question that is asked often by people who have been injured in a car accident and navigating the personal injury claims process.
What’s most important is to focus on recovering from your injuries.
If anyone says they know what your case is worth while you’re still receiving treatment and before your medical providers have released you, they either don’t know how settling a personal injury claim works, or they’re not telling you the truth.
Whether it’s a friend, a family member, an attorney, or the insurance adjuster.
No one knows the value of your claim until you are completely done treating.
There are many factors that go into determining the settlement value of a personal injury claim.
When we say settlement value what we’re looking at is, “What do juries generally award someone in a case like yours?”
That is the lens we view your case through when examining and analyzing the facts, circumstances, and details about your case to determine a fair settlement. Some of the main factors include:
- Is there a question about who’s at fault for causing the car accident?
- How much damage was done to the vehicles involved in the collision?
- Do you have any preexisting conditions or similar prior problems?
- Who are the medical providers you treated with?
- How long did you treat them for?
- What type of treatment did you receive?
- Were there any gaps in your treatment?
- Were there any subsequent injuries or things that happened to worsen your injuries?
- Did you have wage loss?
- Did you make a full recovery?
- Will you need future treatment?
This is not a complete list of all that goes into determining a fair settlement for your personal injury claim, but these are the major questions that must be answered before a settlement value range can be established for your claim. Because not all of these questions can be answered completely until you’ve finished treating from your injuries, anyone who says they know the worth of your claim is either guessing or attempting to convince you of something there is no way they can honestly know.
Completing the treatment given to you by your healthcare professionals so that you can have a full recovery as soon as possible is what’s best for you and your claim. It’s not until you have finished treating that an evaluation of your personal injury claim can happen that can accurately determine the worth.
You can learn more from the blog post on our website about how not to avoid the #1 mistake that happens with personal injury claims — settling your claim before you’re done treating.
Whether you’re our client or not, we want to be a bridge of support for you.
We’ve developed a robust library of articles and videos organized into four topics which include our responses to the personal injury claim-related questions we’re asked most often.
- Top 10 Personal Injury Claim Mistakes to Avoid
- What You Need to Know About Your Claim
- How Are My Medical Bills & Wage Loss Paid
- How to Prepare for Your Independent Medical Exam
The articles provide advice and guidelines to help you navigate each phase of the personal injury claims process. Whether we represent you or not, we are passionate about helping you protect your rights, you receiving the medical care you need to recover from your injuries, and having the information you need to avoid mistakes that can harm your personal injury claim.
We are here to be a bridge of support. If you have questions about how to navigate the personal injury claim process, we're happy to talk with you. Whether you're our client or not, we want for you to get the information you need to protect your rights and your claim.
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