How is the worth of a personal injury claim calculated?

Before deciding to file a personal injury law claim, the individual involved usually receives an offer of settlement from the insurance company involved in the matter. Their goal, by offering compensation, is to deter the individual from filing a legal claim. With that being said, an individual will often file a personal injury claim in the interest of collecting an amount of compensation that they consider appropriate. However, how does one know what to consider an appropriate amount? As there are multiple factors that come into play when deciding the latter, individuals will often misconceive what the appropriate compensation for their case would be.

What some people may not know is that a settlement value is, to a certain extent, determined by a mathematical formula. This formula considers five different aspects: medical expenses, lost earnings, property damage, future lost income and estimated future medical expenses.

The multipliers used to calculate the above values may vary, as multipliers sometimes have a higher value in certain instances. For example, the value of the multiplier is greater when calculating general damages such as pain and suffering, as these are ongoing damages lasting for an undetermined, often lengthy amount of time.

All in all, it is important that you stand by your case and fight for reasonable compensation. In such a situation, you must deny any liability and allow the insurance company to argue the reasoning behind lowering your settlement value. Allow us to help you seek out the maximum amount of compensation you are entitled to. Contact us for a free consultation: 1-800-CANTINI (266-8464)