One of the most common questions that we receive is, How much is my case worth?
If you consider filing a personal injury claim, you’ve probably asked yourself this question a hundred times.
Unfortunately, it does not have an easy answer. There is no predetermined formula or monetary figure that personal injury victims can automatically receive.
The truth is that the value of your personal injury case depends on many factors. The variables that affect the personal injury compensation amount include:
- The kind of injury you received.
- The severity of your injury.
- The long-term effects of your injury.
Hiring the right personal injury attorney will help you receive the maximum amount possible for your personal injury claim.
How Much Is My Case Worth?
Personal injury cases vary widely based on several factors.
Medical Treatment Costs
The cost of medical treatment is often the most expensive component of a personal injury case. This amount can vary significantly based on the kind of injury you have. A brain injury, for example, will probably cost far more to treat than a sprained wrist. The higher the cost of your medical treatment, the more your case will be worth. Furthermore, you can ask to receive compensation for both your past and anticipated medical treatment costs.
Past and Future Wage Losses
Lost wages from missing work is another common issue in personal injury cases. In severe cases, debilitating injuries can permanently prevent you from working at your typical job. In that event, you could receive compensation for past lost wages and future wages that you will lose because you cannot work.
Pain and Suffering
You are entitled to compensation for all physical and mental pain and suffering that you experience. However, pain and suffering damages are complicated to calculate. Juries in California do not have a static method to estimate pain and suffering damages.
However, lawyers occasionally use one of two different methods. One method approximates the value of your claim on the number of days that you experienced pain and suffering. The second method estimates pain and suffering damages by multiplying a known cost, like medical bills, by a certain number.
Regardless, the value of your case will increase if you experience pain and suffering over a more extended period.
In egregious cases, people cause accidents through gross negligence or intentional misconduct. When that happens, you may be entitled to punitive damages. Punitive damages attempt to penalize the defendant for either grossly negligent or intentional misconduct.
In imposing punitive damages, courts hope to prevent the defendant from acting in a similar manner in the future and deter others from doing so.
What You Can Do to Maximize the Value of Your Case
The most important thing you can do to increase the value of your personal injury compensation claim is to preserve all records you have that relate to your personal injury. Examples of records you should preserve include personal notes, photographic evidence, medical bills, work records, and any other evidence pertaining to your personal injury claim.
You can also maximize the value of your case by contacting a California personal injury attorney right away. Consulting with an attorney will help you navigate the complexity of the legal process and avoid lowball offers from insurance companies.
Why You Should Act Now
State law places limits on the amount of time you have to file a lawsuit. These limits are called statutes of limitations. In California, you have two years to file a lawsuit for a personal injury claim, starting on the date you received the injury.
However, there are exceptions to this general rule. If you wait until after this deadline to bring a lawsuit, your case will likely be dismissed.
How Can the Farzam Law Firm Help?
You probably realize by now why it is essential to hire the right attorney for a personal injury claim. Here at the Farzam Law Firm, we’ve been putting our clients first for over twenty years. Our number one goal is to ensure that you receive fair compensation for your injury.
Whether your personal compensation claim is complex or straightforward, our experienced trial attorneys will try to maximize the value of your case. Please take a moment to review our personal injury case examples and results to see what our clients have earned in the past.
Finally, do not worry about paying us by the hour. At the Farzam Law Firm, we work on a contingency basis, which means that you won’t owe us anything unless you win your case.
Contact us for a free consultation today, and we can begin the process of estimating the value of your claim.