Question: What is my personal injury case worth?
Answer: There are several factors to be considered when evaluating a personal injury case. It is important to remember that each case has its own unique set of circumstances that give it value.
One of the most common types of personal injury cases arises out of a motor vehicle accident. One important factor in evaluating a motor vehicle personal injury case is the nature and extent of the injuries. Motor vehicle accident injuries can range from the less severe strains of the soft tissues of the neck and back that typically resolve within a few months to the more severe and even catastrophic injuries that result in permanent disability or even death. Naturally, the value of the personal injury case increases with the severity of the injury.
Some motor vehicle accident injuries result in the injured party being unable to work for a period of time. The resulting wage loss adds value to the personal injury case. The value of the wage loss portion of the case is determined by the actual lost income incurred by the injured party over the period of disability caused by the accident. In more serious cases, the value of lost benefits such as 401k contributions and retirement benefits can be included in the calculation.
Some injuries may require treatment for a prolonged period of time, perhaps even for the rest of the injured party’s life. The cost of these “future medical expenses” can be estimated by an expert and included in the evaluation process.
Perhaps the most difficult factor of the personal injury case to quantify is the “general damages” portion of the case. “General Damages” include losses such as pain and suffering and the overall adverse effect on the injured party’s life resulting from the injury.
Having an experienced personal injury attorney working for you can be the most effective way to build value into your case. James F. O’Rourke Jr. & Associates have been representing good people who have had the misfortune of being injured in motor vehicle accidents for more than 35 years. We know how to negotiate with insurance companies and defense attorneys to maximize the value of a personal injury case.
It is very important to understand not just how to evaluate personal injury cases, but also how to develop your case and maximize your recovery. This is why we recommend that if you are injured in an accident, call James F. O’Rourke Jr & Associates right away. As a personal injury lawyer in Gresham and Portland, James F. O’Rourke Jr. has vast experience helping clients maximize the value of their personal injury cases. If you are injured in an automobile accident, call James F. O’Rourke Jr. & Associates at 503-221-1425.