Factors that Affect the Value of a Personal Injury Claim

Valuing a personal injury claim is not an easy task for a personal injury attorney. However, while it may be difficult to value the claim, it is not impossible. Every case is different, but there are some common factors that can increase or decrease the value of a personal injury claim.

In order for your personal injury attorney to put a dollar value on your personal injury claim, he or she will need to consider various factors depending on the specific facts of your case.

The Common Factors That Can Affect Your Claim

Below is a list of common factors that are used to value a personal injury claim. This list can guide you and your personal injury attorney to determine how much your case is worth. Knowing the value of your claim can also give you more leverage when dealing with the insurance adjuster during negotiation.

The factors that are commonly used to value a personal injury claim are:

-          The extent of your injuries

-          Past, present and future medical expenses

-          Necessary medical treatment

-          Length of your recovery period

-          Whether you suffered permanent injuries (such as a scar or loss of mobility)

-          Physical or emotional distress resulting from the injury

-          Loss of consortium

-          Daily life disruptions (such as missed vacation or recreation or the inability to take care of your household)

While these factors are not a definitive in determining how much your personal injury claim is worth, they are a good place to start when trying to put a dollar value on your claim. Your personal injury lawyer will need to assess the specific facts of your case to properly determine the value of your claim.

Call Us

For more information or to schedule a complimentary consultation with a New Jersey personal injury attorney, please call the Law Offices of Dan T. Matrafajlo at (908) 248-4404.