How Much is My Injury Claim Worth?
Determining the Maximum Compensation That You Deserve
If you have been injured by the negligence of another individual, you have the right to seek compensation. The financial burden of your injuries and damages should not fall on you, but should be covered by the individual who was responsible for causing them. Of course, it is common to want to know the value of your claim and whether or not it is worth pursuing. At Bill Easterly & Associates, we can help you understand factors that may affect the value of your case and help you fight for it.
Our injury attorneys have been helping Nashville clients seek compensation for their injuries from negligent parties for more than 25 years. Throughout this time, we have successfully recovered millions of dollars for our clients, which means that we know what it takes to win. Our team is dedicated to fighting for the maximum settlement that our clients deserve, because we want to help ensure that they can recover fully and quickly and move forward with their lives.
Factors that Contribute to a Claim’s Value
Ultimately, there is a relatively simple formula for evaluating compensation in a personal injury case. The first step in assessing your claim’s worth is to understand which damages are eligible to be recompensed. After sustaining an injury at the hands of another, it is essential that you record every eligible expense and consequence that it has had on your livelihood so that you can calculate your total losses.
Liable individuals are responsible for covering the following damages:
- Medical treatment and bills
- Loss of wages due to inability to work
- Physical pain and suffering
- Long-term physical disabilities or disfigurement
- Loss of companionship
- Emotional suffering due to the aforementioned impairments.
Most of these damages are already assigned a monetary value and can be easily tracked and documented. However, intangible emotional damages can be difficult to quantify, and long-term injuries can have unpredictable costs. For these damages, an insurance adjuster will use a multiplier, meaning your numeric losses will be multiplied by a certain amount, which is generally determined by the severity of your injuries.
How is the Multiplier Determined?
When calculating your damages, a multiplier will typically be assigned to your claim based upon how serious and long-term your damages are. Adjusters will take into consideration a number of different factors and will multiply your expenses by a number ranging from one and a half to five, or sometimes higher if an injury is catastrophic.
Factors that will raise the multiplier of your case include:
- Hard injuries (broken bones, wounds, injuries to the head, joints, or spine) as opposed to soft ones (bruises, sprains, or strains)
- Whether medical expenses are primarily for treatment, rather than simply diagnosis
- If you were treated by an M.D. and not a non-M.D. doctor
- If you were prescribed medication for your injury
- The length of your treatment and recovery period
- Permanency of your injury
- Higher degree of physical or emotional distress
- Missed life events including school, training, vacation, recreation, etc.
Other Contributing Factors
Our personal injury lawyers want you to understand that in order to receive any financial compensation, it must be determined that the defendant was negligent in his or her duty to avoid endangering your person, and that this negligence caused your injuries. However, it must be noted that in some cases, the total amount of damages that you can seek may be lower than the formula would suggest.
This is due to certain factors including:
- Your own contribution of negligence to the accident.
- Your conduct in the process of filing and settling your claim.
- The defendant’s sympathy and credibility.
- A lack of viable witnesses.
Thus, it is important to compile any and all evidence that can prove the other party’s fault and to be organized, thorough, and patient throughout the process. Our team of legal professionals can be in your corner every step of the way to give you the resources and strategies that you need to fight for the maximum compensation you deserve.
Ready to Pursue Justice? Let’s Get Started.
If you have considered the worth of your personal injury claim and are ready to take action, the next step is to retain the representation of a qualified, competent injury lawyer. At Bill Easterly & Associates, in Nashville, Tennessee, our firm can provide you with the personalized, aggressive legal counsel that you need to fight for the full and fair financial support that you need to recover. Additionally, we work on a contingency fee basis, which means that you only pay us if we win a settlement for your case.
Take the first step: schedule your free consultation by phone or online today!