What is my case worth?
There are many types of personal injury cases, but they all come down to one basic concept: You were hurt because of the negligence or intentional act of someone else.
Because injuries come in all shapes and sizes, your case will be unique. That means that I can’t give you a dollar amount of what your case is worth. That being said, I can tell you how it will be evaluated.
Things to consider:
Medical Bills (Who pays these?)
Loss of Income (“Boss, I’m too hurt to work”)
Property Damage (Fix my car!)
Pain & Suffering (This is a big one)
Emotional Distress (More common than you think.)
Loss of Consortium (My spouse is affected by this too.)
While these aren’t the only damages that exist, they are certainly the most common.
Of course, the biggest issue is attributing a value to some of these items. Medical bills is easy, but what about pain & suffering? There is no rule, no chart, and no instruction on how to determine this amount. Sometimes we will use the “Multiplier” approach: Medical bills multiplied by a number ranging from 1-4. This will many times give us a starting point to negotiate from.
No matter your situation, know this: the insurance company is looking to minimize the amount they pay out. They will attempt to settle quickly, but the only thing they care about is your signature on a release saying you cannot sue them.