Brandy Austin Law Firm PLLC
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Personal Injury Lawyer

A car accident can lead to major problems in both the immediate and distant future. To make matters worse, you may be injured in the accident and require medical assistance long after your car and other damages have been fixed. It may be necessary to file a personal injury case to make sure you don’t go into debt beneath the weight of steep, unplanned medical costs.

Before you delve into it, you’ll need to know how much your case is worth so that you get fair compensation from the insurance company. The last thing you want is to ask for too little money, leaving you to pay for the remaining bills out of pocket. Here is how to calculate the value of your personal injury case.

Uncertainties of Value

When going into a personal injury case, it is absolutely essential to understand that the value of your case may be difficult to properly asses and estimate. Every case is different, and all the variables of it must be taken into consideration to find the proper value. Even then, the insurance company may battle your estimates in an attempt to pay you less. While many advertisements claim they have gotten clients millions of dollars in settlements, this is often for special cases that don’t apply to most scenarios.

Assessing Damages 

Damage is assessed by loss that can be directly translated into economic value, and loss that cannot be translated so easily. Each is important in determining overall value of a personal injury case. Examples of direct economic loss include medical bills, lost wages due to being unable to work and property damage. On the other hand, pain and suffering can also be included in the assessment of loss.

Predicting Future Losses

Not all injuries appear immediately following the accident. Sometimes they surface down the road, and for this reason you should never settle with an insurance company too quickly. Once your claim is neatly filed away, you cannot return for more money, even if you’ve incurred later losses because of the accident.

Successfully determining the estimated value of your personal injury losses is a tricky thing to do. If you aren’t sure about what counts towards that value, consider contacting an attorney, like a personal injury attorney, at the Morales Law Firm, to help guide you through the steps. He or she should be knowledgeable in similar cases and understand the laws that can get you the most out of the unfortunate situation.