What is My Personal Injury Case Worth?
Posted By Salvador Phillips, PLLC || Aug 14, 2017
Our Phoenix personal injury attorneys at Salvador Phillips, PLLC work with many victims and families who have suffered harm and losses due to the negligence of others. While educating clients about their rights, supporting them through their physical recoveries, and guiding them along the legal pathways toward a full and fair financial recovery of their damages, we field many questions and concerns. Among the most common are those relating to the value of a case.
Because accidents and injuries can have a profound impact on one’s financial health, many victims wonder if they will be able to recover the compensation they need to cover expenses and damages. Unfortunately, it is difficult to tell clients any exact amount when estimating the value of a case, especially early on. This is because there are a lot of unknown factors, and because every case will vary.
When it comes to understanding the value of your case and right to compensation following a preventable injury, it is important to understand the following:
- You are entitled to damages – Although you can’t really put a price on a personal injury case in the early stages, you can gain a better understanding of its value by knowing what damages you are entitled to. As a victim of negligence, you have the right to pursue financial compensation from the at-fault party for any damages you incurred as a result of your accident and injuries. These include economic damages (property damage, past and future medical bills, lost income or economic opportunities, and more) and non-economic damages (non-tangible damages such as pain and suffering, mental anguish, and other emotional injuries). In some cases, victims may be able to pursue punitive damages, which are designed to further punish wrongdoers for egregious acts of negligence or willful wrongful conduct.
- You don’t always know the full scope of your damages – Settlement negotiations or trials only take place when you have an understanding of the full scope of your damages. This means completing treatment so that you have fully recovered, or recovering as much as you can. As you begin seeking treatment, you won’t know how you will respond, whether you will encounter complication, or whether more serious treatment will be required. These factors greatly influence the value of your case.
- Future damages – In some cases, especially those involving serious injuries, victims may also be entitled to future damages. When calculating these damages, our legal team works diligently to estimate the costs of any future medical needs you may have, as well as any diminished earning capacity likely to cause economic losses in the future. Future damages, when applicable, also greatly factor in to your settlement or damages award during trial.
- Compensation is never guaranteed – Although personal injury cases provide the opportunity for a recovery of damages, you must remember that compensation is never automatically or fairly guaranteed. This is because insurance companies do everything in their power to avoid paying victims, or to pay them as little as possible. This being the case, victims will want to work with proven personal injury attorneys who have the experience and resources needed to level the playing field.
By working with experienced lawyers like those at Salvador Phillips, PLLC, you can gain the support you need to navigate the process ahead and fight for the maximum compensation possible. Our legal team is readily available to help victims and families throughout Phoenix and the surrounding areas of Arizona, and we offer free consultations to help you learn more about your rights and our services. Contact us today to speak with a member of our team.