If you or a family member has been injured in a vehicle accident – or has suffered any type of personal injury – you may wonder, “What is my accident worth?” It is a common question, and it is understandable that an accident victim would want to know the value of the outcome of their case, so they can compare it to an insurance company’s settlement offer. Every case is different, and to compare your case to what would be considered an “average” settlement would be unrealistic.
The value of any personal injury case depends on the unique factors of your case. Because of this, an attorney cannot predict the amount of money a person is entitled to receive, particularly where damages are awarded for subjective aspects such as “pain and suffering” or “loss of enjoyment of life.” Any personal injury attorney who rapidly provides you with a specific value as an estimate for your case is likely doing you a disservice. A realistic value takes a tremendous amount of time and work.
It’s also worth knowing that insurance companies are dedicated to maximizing their profits and minimizing the amount they pay out to victims, and any settlement offer that comes in rapidly is unlikely to cover the true value of your damages. Typically over the long term, you are best served having an experienced personal injury attorney review the details of your case rather than taking a quick settlement.
The attorneys of Domengeaux Wright Roy & Edwards will usually get a better idea of a reasonable settlement range after your medical condition is stable. Factors such as:
- The extent and permanency of your injuries
- The impact your injuries have on your quality of life
- The amount and duration of your medical treatment
- Prior jury verdicts/or arbitration awards received for similar injuries and
- Our experience in other settlements and trials also come into consideration.
The value, however, of any case is determined by the jury’s verdict. We are confident in our ability to represent the injured and get the highest possible compensation for your injuries.
There are common factors in general to consider when determining the value of an injury claim, and the types of damages that may be claimed within a personal injury case. These include:
Economic damages, also known as “general” damages, are the various types of damages that have a direct expense associated with them. These include:
- Medical Expenses – These can include emergency medical fees – such as an ambulance, emergency room visit, X-rays, MRIs, surgical bills, hospital bills, and other medical fees that are the result of an accident.
- Ongoing Medical Costs – Doctor visits, laboratory fees, rehabilitation facility expenses, physical therapy, prescription drugs, medical devices, in-home nursing care, mental health counseling, occupational therapy, speech therapy.
- Lost Income – Lost wages, lost vacation time, lost opportunities and potential future income.
Non-economic damages, also called “special” damages, refer to damages that do not have a direct cost associated with them. These include:
- Pain and Suffering – Emotional injuries, grief, stress, insomnia, etc. due to an accident.
- Loss of Quality of Life – Loss of the enjoyment of life due to permanent personal injury, or other factors.
- Loss of Consortium – A claim for damages by the spouse or family member of person who has been killed or disabled.
Louisiana Personal Injury Attorneys
After being seriously injured in an accident, you are best served by consulting with a Louisiana personal injury lawyer to learn more about your legal rights and determine if you may qualify for compensation for your injuries. No attorney can pinpoint the true value of your case, but an experienced lawyer should be able to give you a clearer idea of the chances of a successful outcome and explain the factors that could have an impact on your case’s success.
The lawyers at Domengeaux Wright Roy & Edwards have decades of experience in multiple practice areas of personal injury law, including maritime law, construction accidents, offshore accidents, car accidents, big truck accidents, medical malpractice, premises liability and more. We can answer specific questions about your case and tell you more about our firm’s experience with personal injury cases like yours in a free consultation.
An Experienced Personal Injury Lawyer Will Help Your Case
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