According to many personal injury lawyers, one of the questions that their clients ask would be about the worth of their claim or the possible value of the fair settlement. In this case, there are no rules of thumb as many factors are considered to come across the fitting legal appraisal of the claim. In determining the value of a personal injury claim, it is possible that even if the injuries were similar among the other cases, the claim worth would still vary. Here are some factors to consider when determining the value of a personal injury claim.
Severity, Scope, or Range of the Injury
The thing to remember here is, severe injuries mean higher appraisal.
Out of the Pocket Expenses and Total Medical Bills Amount
Another factor being considered is the amount of the out of the pocket expenses and the total amount of the medical bills. The more medical bills you have, the higher your case is valued.
Personal injury victims with no responsibility or accountability in the injury they acquired have higher worth claims than those who are partially at fault.
Having previous injuries may affect the worth of the claim in either a positive way or a negative way. In determining the value of your claim, a worsening of the victim’s previous injuries may serve as a significant factor in the worth of the personal injury claim.
Victim’s Previous Claims
Another factor that may affect the value of the personal injury claim is the victim’s previous claims. All claims are being recorded in a huge database that is referenced by the insurance company. The claims you bring up may be used against you in the future to question your credibility. This can also influence the value of your claim.
These are just five of the possible factors that may be considered in appraising the value of your claim. However, it is wise to remember that these are not the only ones being weighed.