What is My Case Worth?
After an accident, you might wonder, “what’s my personal injury case really worth?”. It depends on the severity and the outcome of your injuries, as well as the medical bills. We cannot tell a person what a case is worth without a thorough evaluation of the medical records and the condition of the injuries after treatment.
One thing you should consider is that the insurance company will offer you a much lower compensation than the one you actually deserve.
California law provides you with an opportunity to seek compensation via a tort claim. The experienced and skilled personal injury attorneys at Farahi Law Firm, APC, are here to help. We will protect your rights in case you or a loved one got injured in an accident due to someone else’s negligence.
If your injury results from a slip and fall, a car accident, or another kind of accident, you are entitled to seek compensation for your economic and non-economic losses such as pain and suffering. The legal term for this kind of compensation is “damages.” A damage amount can be agreed between the parties, their insurance companies, and their attorneys after a negotiated settlement or following a court trial.
The damages awarded in personal injury claims are of two basic categories, compensatory and punitive.
Compensatory damages are intended to reimburse or compensate an injured party for their damage. Some compensatory damages can be quantified comparatively easily — such as property damage and medical charges. But placing a monetary value on pain and suffering or the failure to enjoy hobbies due to physical constraints created by accident-related injuries is difficult.
The compensatory damages for an accident or further injury fall into two categories:
- Economic damages – They are intended to cover “out-of-pocket” amounts the plaintiff has spent or will be required to spend in the future. Economic damages often include medical bills, property damage, lost wages, out-of-pocket expenses, transportation expenses, and lost earning capacity.
- Non-economic damages – Includes personal losses such as physical impairment, pain, suffering, emotional distress, loss of enjoyment, inconvenience, etc.
Punitive Damages in Personal Injury Cases
Personal injury claims could include both compensatory and punitive damages, depending on the accident. A plaintiff can claim punitive damages if the actions of the defendant are considered particularly grievous or reprehensible, apart from negligent. The true aim of such compensation is to punish the defendant and deter others from comparable behavior. In personal injury cases involving defective or health risks linked products, juries will award punitive damages against the product manufacturers.
How to Calculate a Pain and Suffering Settlement
We can help you to calculate the amount you deserve. The values influencing the worth of your personal injury claim include:
- Property damage
- Loss of income
- Present, past, and future medical expenses
- Rehabilitation therapy
- Emotional distress
- Psychological treatment
- Pain and suffering
- Physical impairment
- Loss of earning capacity
- Punitive damages
When you refer to bills or property is easy to quantify. However, the damages relating to pain and suffering, which include emotional distress, mental anxiety, and similar adverse effects of the injuries, are not so easy to calculate.
So, how can you calculate pain and suffering? To get an amount that might represent the value of the general damages, add up all the medical damages (remember: those are your quantifiable losses) and multiply that total by a number between 1.5 and 5 (that’s the multiplier).
The multiplier can be lower or higher depending on the information related to your case that you can collect:
- How bad are your injuries?
- How much medical treatment have you received?
- How much medical treatment will you need in the future?
- Do you expect to make a full recovery?
- Will there be permanent or long-lasting effects?
- How have the accident and your injuries impacted your daily life?
If you have queries related to the potential value of a personal injury claim, call Farahi Law Firm, APC at (844) 824-2955 today. We will provide a free and no-obligation consultation and explain the type and amount of damages you may be eligible for.