13 Dec 2023

Personal Injury
If you have been injured due to someone else's negligence, you may be entitled to compensation for your damages. However, before deciding whether or not to pursue a legal suit, it is important to determine the worth of your personal injury case. If your injury isn’t major enough to cover the cost of a lawsuit and then some, you might have to work the legal costs into your asking amount. Then, even after you’ve filed for a lawsuit, you’ll want to know if a settlement is worth the cost. This will give you an idea of how much compensation you may receive and whether it is worth pursuing legal action.

Why Calculate the Worth of Your Personal Injury Case?

Calculating the worth of your personal injury case can help you make an informed decision about whether or not to pursue a legal suit. It can also give you a realistic expectation of the compensation you may receive. The only person who can ultimately decide if seeking a lawsuit is worth it is you, but our personal injury attorneys want to help.

Factors That Determine the Worth of Your Personal Injury Case

There is no set formula for determining the worth of a personal injury case. Each case is unique and depends on various factors. Some common factors that are taken into consideration when calculating the worth of a personal injury case include:
  • The severity and nature of your injuries: The more severe and long-lasting your injuries, the higher the value of your case may be. This includes physical injuries as well as emotional trauma. This number can rise as you calculate how much you wish to seek in damages, and our attorneys can help you incorporate this cost into your suit.
  • Medical expenses: The cost of medical treatment for your injuries, including past and future expenses, is an important factor in determining the worth of your case. This can include hospital bills, medication costs, physical therapy, and more.
  • Lost wages and earning capacity: While you are recovering, you may miss work or be unable to do all you are expected to do at your place of employment. This can also be factored into the value of your case.
  • Property damage: If any of your property was damaged as a result of the incident that caused your injuries, this can also be included in the value of your case. This can include everything from clothes to a vehicle.
  • Comparative negligence: In some cases, both parties may be found partially at fault for an accident. If you are found to be partially at fault, this can affect the worth of your case as compensation may be reduced based on the degree of your negligence.

The Importance of Damage Worth to a Lawsuit

We’ve touched upon several reasons why it’s important to understand the worth of a lawsuit, but there’s more. Not only do you know what costs you need to include in your asking price, but knowing the worth of your lawsuit will tell you if a settlement offer from the other party is fair. In addition, calculating the worth of your personal injury case can give you peace of mind and a sense of closure. It allows you to fully understand the impact that your injuries have had on your life and hold the responsible party accountable for their actions.

Consulting with a Personal Injury Attorney

While it is possible to estimate the worth of your personal injury case on your own, it is always best to consult with one of our knowledgeable and experienced personal injury attorneys. We can provide you with an accurate evaluation of your case. Additionally, we can help you gather evidence and negotiate with insurance companies or other parties involved to maximize the value of your case. If you have been injured due to someone else's negligence, it is important to know the worth of your personal injury case before deciding whether or not to pursue legal action. This can greatly impact your decision and help you obtain the compensation you deserve for your damages. Contact us at Lermitte & Lubin, LLC for guidance and representation in your case.

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