Each case is different and the amount your case is worth depends on a lot of factors. There are also numerous types of personally injury cases so it’s challenging to lump them all into one.
Generally, personal injury cases come down to two things:
- Who’s at fault?
- How much are the individual’s damages worth?
Damages are your injuries and losses deemed appropriate to compensate you. Insurance companies negotiate and offer settlements regarding cases on a number of factors. Such factors to consider are:
- Medical expenses
- How much money was spent on the medical costs incurred by you due to your injury
- Lost earnings
- How much income you lost as a result of your injury
- Lost future income
- How much income you will lose in the future due to your injury
- Future medical expenses
- If you have life long injuries and will incur future medical costs, those damages are also considered
- Economic damages
- Any other financial losses you might have incurred
- Pain and suffering
- How much emotional and physical suffering that you went through
The percentage either party is at fault can decrease or increase the amount of money you’re owed.
The biggest mistake that is commonly made is to assume that the insurance company is going to fairly compensate someone for their injuries. It takes expertise in knowing the proper procedures and strategies to evaluate cases to ensure the insurance company is fairly compensating your claim.
You deserve someone who is experienced and knowledgeable in handling your case so that when the insurance company finally reaches out to evaluate your claim and make an offer, they know that they must give a fair offer. Reach out to Cantor & Wolff at 716-848-8000 for a free case evaluation or if you have any questions, today!