Settlement Value in Serious Injury Cases
You may have heard that insurance companies have a secret way of figuring out how much compensation you are entitled to for your injury. There may be a formula but it’s relatively easy to understand. And the formula doesn’t determine how much compensation you will ultimately receive. Insurance companies and adjusters have their own way of figuring out how to process your claim and figure out how much it’s worth. Once you have a better understanding of how the compensation formula works and how adjusters determine the value of an injury, you will be better equipped to negotiate confidently and obtain a final settlement amount you are happy with. In this blog post, we will explain how adjusters use their own specialized methods to figure out how much they are willing to pay for a personal injury claim involving serious injuries.
Calculating Damages in Serious Injury Cases
Typically, an injury victim is going to be able to obtain damages for the following: medical care and related expenses, time missed at work or other forms of lost wages, pain and suffering, permanent physical disability, permanent physical disfigurement, loss of family social and educational experiences, and any emotional damages resulting from any of the above. In most cases it is easy to just add up all these different damages that are applicable, but sometimes it’s not so easy. While the evaluation of the settlement value in routine injury cases or less serious injury cases is largely based on the size and nature of the medical expenses incurred by a claimant, the estimation of the worth of a serious injury case is based on an entirely different array of considerations including considerations such as the jury value of the case and the likelihood of substantial recovery. For our purposes, more serious types of cases could be broadly defined as those involving bodily injuries that involve residual impairment, disability, and/or disfigurement. For example, serious scarring involving perhaps many stitches, amputations, prosthesis, the use of braces, limping, impairment of sight or other senses or in extreme cases even death. Serious injury cases are very distinguishable from routine injury cases by the fact that serious injury cases are of such nature that if they are not settled by negotiation, they have a more realistic chance of being litigated in court. Routine cases, on the other hand, would usually be worth so little in terms of the court costs, attorneys’ fees, and time expenditure relative to its settlement value that litigation can be ruled out early in the claims process.
Speak with a Personal Injury Lawyer Today!
Due to the fact that negotiations in personal injury cases can take some time, your patience is going to be a big factor in how much compensation you will ultimately receive. Insurance adjusters never immediately offer the full amount that they are prepared to pay. If you are in a rush, you might settle for less than you could have gotten if you wait it out. If you are looking to pursue a personal injury case and want to discuss your options going forward, contact one of our skilled personal injury attorneys today! Don’t allow negligent drivers to cost you money, time, or cause you aggravation. If you were hurt in any type of accident and sustained a personal injury, it is a good idea to connect with a local personal injury lawyer so that you can obtain vital information on how to begin the process of filing a claim or filing a lawsuit. At Suarez and Montero, our policy is that if you don’t recover compensation, you won’t pay any fees for our services. Not to mention, we also provide free case consultations where we assess the circumstances surrounding your case and give you an objective overview of what steps you can take going forward if you decide to act against the at-fault party. For over 19 years, we have delivered quality legal representation for people who, through no fault of their own, have been injured in all types of motor vehicle accidents. We are available 24/7 to give you a free, no risk case consultation.
We serve clients throughout Florida including those in the following areas:
Miami-Dade: Aventura, Coral Gables, Doral, Fontainebleau, Hialeah, Homestead, Kendall, Miami, Miami Beach, Miami Lakes, North Miami, Tamiami, and Westchester.
Broward: Fort Lauderdale, Hallandale Beach, Hollywood, Pembroke Pines, and Weston; and Palm Beach County including Boca Raton, Lake Worth, and West Palm Beach.
