At the end of the day, you may want to see justice, and you may want to do your part to ensure that what happens to you never happens to anyone else. The only way you will do that is to hold the liable parties responsible for your injuries. Still, it always comes down to payday. When people call a personal injury attorney in Houston, the question that is most important to them is ‘what is my personal injury claim worth?’
How We Value Personal Injury Claims
You should know that your personal injury claim may vary based on a number of factors. When Nech Law Firm values a claim, we look at several different components, and we add them all up to determine what the dollar value will be. Of course, the first thing we need to determine is the amount of money that’s available. For example, if you have been in an auto accident, but the liable person doesn’t have insurance or a job, then the value of the claim is going to be very limited because there isn’t any more money to get.
On the other hand, if you’ve been in an auto wreck, and the person who hit you has a million-dollar insurance policy, then you know that money is not going to be an issue. There will be enough money available to compensate you for the full value of your claim.
The second component we evaluate when determining the value of a claim is the total cost of the medical bills in your case. A personal injury claim, by nature, has injuries, and injuries are treated in hospitals, urgent care centers, orthopedists, and chiropractor clinics – all of which operate in a medical setting and provide medical bills. These are economic damages, and we want to know what the total economic damages are in your claim. We also want to determine what your out-of-pocket expenses are.
Next, we need to calculate what your lost wages are. This is another form of economic damages – something we can put an exact to-the-penny dollar amount on. Therefore, if you had to leave work based on your doctor’s orders, we can determine exactly what your dollar amount was.
What is the Value of Your Pain and Suffering?
Pain and suffering is an intangible measurement. It’s not like the other economic damages where we can say that your pain and suffering is to-the-penny worth x amount of dollars. It depends on how the accident has affected your life. There are two different things we consider here:
1. What are the things that you used to do that you can no longer do? For example, perhaps you used to go to the gym, ride your bicycle, or run every day, and now you can’t do those things.
2. What are the things that you still do (because you have to), but they’ve become very difficult to do since your personal injury?
Contact a personal injury attorney in Houston at Nech Law Firm.