BankruptcyFactors That Affect the Value of Your Personal Injury Claim

May 3, 20230

If you have been involved in an accident or suffered an injury in active service or as a veteran due to the negligence or actions of somebody else, you may be entitled to compensation for your losses. The amount of compensation you receive will depend on a variety of factors, and understanding these factors can help you estimate the potential value of your personal injury claim. In this article, we will discuss some of the key factors that can affect the value of your claim.

Injury Severity

The more severe your injuries, the higher the value of your claim. This is because severe injuries can lead to more significant medical expenses, loss of income, and pain and suffering. Some examples of severe injuries include traumatic brain injuries, spinal cord injuries, and severe burns.

Medical Treatment

The medical treatment that you receive for your injuries will also impact your claim’s value. This includes the cost of medical care along with the duration and extent of treatment. For example, if you are required to undergo surgery or need long-term rehabilitation, your claim will likely be worth more compared to only needing a few visits to the doctor. Plus, if your injuries have resulted in a requirement for ongoing care or a permanent disability, your claim will be worth more.

Impact on Your Life

Along with the injuries and medical treatment needed, the overall impact of the accident on your life will be a factor when determining how much your claim is worth. This will include both the physical and emotional impact of your injuries. For example, if your injuries have prevented you from taking part in activities that you enjoy or have limited your ability to work, you will usually be entitled to a larger claim. Similarly, if your injuries have caused emotional distress or have had an impact on your personal relationships, this will also increase your claim’s value.

Lost Wages and Income

If you have sustained injuries or mental health concerns related to the accident that have prevented you from working, you may be entitled to compensation to cover any lost wages and income. This includes both the wages that you have already lost because of the accident, along with any future earnings that you might miss out on due to your injuries. To calculate this amount, your attorney will need to consider your pre-injury earnings, education, and training, and your ability to return to work in the future.

Liability and Negligence

To recover compensation for your injuries, you will need to establish that somebody else was liable for your accident. This means that you will need to prove that the other party was at-fault or negligent in some way. If liability is clear and the other party’s negligence is obvious, your claim may be worth more compared to if the liability is unclear or contested.

Evidence and Documentation

You will need to provide evidence and documentation of your injuries and losses to support your claim. This includes medical records, bills, and receipts along with any other supporting documentation such as police reports, witness statements, and other documents related to the accident. The quality and strength of the evidence you provide will have an impact on the value of your claim.

Insurance Coverage

The amount of insurance coverage available will also be a key factor when it comes to determining your claim’s value. If the at-fault party has a large insurance policy, you may be able to get more compensation compared to if the policy is low.

Your Personal Injury Attorney

The personal injury attorney that you work with, and their reputation, can also have an impact on the value of your claim. An experienced attorney with a strong reputation in the legal community may be able to help you negotiate a higher settlement or win a larger award at trial compared to an attorney with less experience or a weaker reputation.

This is why it’s so important to work with a good personal injury lawyer who has a track record of success in handling cases like yours and is well-respected by defense attorneys and insurance companies.

At VA Benefits Law Group, we understand the challenges that veterans face when pursuing compensation and benefits from the VA for a personal injury claim.

We offer free consultations to veterans who are seeking compensation for personal injuries, giving you the chance to discuss your case with an experienced personal injury attorney who will help you understand your rights and options.

Don’t let the VA benefits process intimidate you; call for a free consultation or visit us today to take the first step towards getting the compensation you deserve:

Find us at 370 Towne Center Blvd, Jackson, MS 39157.

Call now for a free consultation on (601) 414-3707.