It depends is the short answer – and the only answer that can be given without first looking over the specific facts of a case.
With that said, however, we can tell you some of the factors that typically tend to impact the value of personal injury cases, and we have discussed some of these below.
When you need more specific answers about the value of a claim – or your best options for obtaining the full amount of compensation to which you may be entitled, don’t hesitate to contact Lakewood Personal Injury Lawyer James L. Finegan.
5 Factors that Can Affect How Much a Personal Injury Case Is Worth
- While the value of a case will depend on specifics, here are some factors that can impact the value of PI cases, a Lakewood personal injury lawyer notes.
The severity of the injuries sustained – The injuries suffered will be one of the focal points of these cases. When the injuries are more severe or permanent, they can require more extensive treatments (both now and in the future), and they can have irreversible impacts on people’s quality of life. This all usually ends up meaning that cases associated with more severe injuries are usually valued higher, as victims will require more compensation to recover (to the extent possible).
- The type of negligence involved and/or the defendants – In certain cases, injured people may be entitled to punitive damages as well as compensatory damages. While compensatory damages are meant to help victims recover from their injuries and losses (and are usually what is being referred to when people discuss personal injury settlements), punitive damages can come into play when the defendants may be parties (like corporations) that have a history of certain negligent behavior. This is because punitive damages are meant to punish the defendants. When these damages may be available, again, the value of a personal injury case can jump up.
- The available evidence – If there is minimal available evidence to prove negligence and/or the extent of damage associated with an accident or injury, the value of a claim can decrease, as it may be possible for defendants to try to pin some of the blame on another party (possibly even the victim him- or herself).
- The plaintiff’s needs and goals – Essentially, how quickly does the injured person need the compensation? Is (s)he willing to go to trial if necessary? Or will a reasonable pre-trial settlement work if victims cannot wait for the full amount of compensation? These issues can also impact the value of a case, as pressure to settle ASAP can result in lower payouts.
Contact Lakewood Personal Injury Lawyer James L. Finegan
Have you been harmed by negligence or recklessness? If so, Lakewood Personal Injury Lawyer James L. Finegan is here for you, ready to help you advocate your rights to justice and compensation.
To learn more about your rights and legal options meet with Mr. Finegan for a free, no obligations case evaluation. Schedule this meeting by calling 303-586-2961. You can also email us using the contact form on this page.
From our offices based in Lakewood, CO, James L. Finegan, P.C. provides superior representation to clients throughout Jefferson County and the state of Colorado, including those in Denver County, Arapahoe County, Douglas County, Adams County and the Colorado Front Range region.