Car Accident Settlement Value

How Much is My Auto Accident Case Worth

Auto accidents are the most common type of personal injury claims filed in Los Angeles County. Our top-rated law firm has settled hundreds of auto accident injury claims over the past decade. Perhaps the most common questions asked by our clients are “What is the value of my case?” and “How much money will I receive when the case is settled?” Without a doubt, these are very important questions to those who have already filed car accident claims or who are thinking about filing car accident claims.

To answer these questions, our qualified attorneys with experience handling auto accidents have decided to compile a list of the most important factors in determining the average value of a car accident case.

Special Note: Every case is different, comprising a unique set of factors which determine its value. The best way to determine the value of your case is by speaking with one of our experienced lawyers. Feel free to contact our top law firm if you wish to speak with an expert attorney who has experience in car accident claims. All consultations are offered free of charge.

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Factors in Determining the Value of Your Car Accident Case

An experienced attorney can give you the full explanation on what determines the value of an auto accident. Do not trust an insurance agent to give you the correct or accurate information; always seek the advice of an accomplished attorney with expertise in auto accident injury lawsuits

1. The Cost Associated With the Treatment of Injuries Suffered: By far the most important factor in determining the value of an auto accident case is the type of harm suffered and the medical costs associated with proper care and rehabilitation. Typical injuries resulting from auto accidents include slipped discs, whiplash, broken or fractured bones, brain damage, ocular injuries, and spinal cord injuries. In general, the more severe the injuries and more extensive the treatment, the higher the value of the injury claim.

2. Economic Damages: Recovery is also available in personal injury cases for loss of wages and loss of future income capacity due to the inability of the victim to be able to work or perform in the same occupation as before the accident. In cases where the inability to work is temporary, higher values will be typically associated with longer periods of being unable to work. In addition, if the victim is permanently unable to work, the value will likely increase. These values are typically based on wage history.

3. Non-Economic Damages: In the state of California victims of auto accidents are entitled to compensation for the physical pain and mental anguish suffered. Pain and suffering is awarded by the jury on a Per-Diem basis; the jury calculates a daily value that a person should be compensated for the specific physical pain and mental suffering that had been suffered and multiples that number by the number of the injured party has suffered and is expected to suffer.

5. Availability of Punitive Damages: Punitive damages serve the purpose of punishing the at fault party to such an extent so that he or other likeminded individuals will refrain from partaking in harmful actions in the future. Punitive damages can greatly exceed the amount of damages suffered by the victim. Courts may see them as excessive, however, and only a skilled lawyer experienced in auto accident injury cases will be able to win them.

The Categories of Compensation

Based on the factors listed above, you could be eligible to recover different categories of compensation. The different categories of compensation that you could be eligible to recover include the following:

• Medical expenses
• Lost earnings
• Pain and suffering
• Loss of consortium
• Funeral and burial costs
• Property damage
• Punitive damages

The specific type and amount of compensation that you could be eligible to receive will be strictly based on the details surrounding your car accident claim – and the factors listed above. To ensure that you have a thorough understanding of the specific type and amount of compensation that you could be eligible to receive, do not hesitate to contact the experts at our law firm as soon as possible. Our car accident attorneys are ready to aggressively fight for your right to recover the highest amount of compensation available for your claim.

Insurance Policy Limits

Unfortunately, even if your car accident claim is projected to have a high value, the recovery could be affected by the insurance policy limits that apply. In cases where the value of the case exceeds the policy limit, it is typical for the insurance company to agree to settle to the policy limit – which would be the maximum amount available. However, if the insurance company refuses to cooperate and settle for at least the policy limit, they could possibly be exercising bad faith and be sued; if claimants successfully file bad faith claims, they could actually recover the full amount.

Contact Normandie Law Firm Today

Were you or a member of your family harmed in a car accident? If so, you might be in urgent need of representation. If you are in need of an injury attorney experienced in car accident claims, you can trust the car accident experts at Normandie Law Firm to provide you with the guidance that you need, help you understand the value of your claim, and help you recover the maximum recovery available.

Free No Cost Case Evaluation: If you have any further legal questions regarding your auto accident claim feel free to contact our law offices. All legal confidential consultations are provided by our legal team free of charge. An experienced attorney with experience handling auto accident claims will be available to give you advice.

Free Second Opinions: even if you have already started your car accident claim elsewhere, we can help you. If you decide to switch lawyers, we will take care of everything and get to work on redirecting your case right away and getting you the best outcome possible.

Our free consultations and free second opinions are available as part of our Zero-Fee guarantee. Therefore, you will never be required to pay for any upfront legal expenses. Our law firm also works on a strict contingency structure; therefore, our clients will not be required to pay anything until after reaching a positive claim outcome. If you do not win, you will not be responsible for paying anything.

To discuss your car accident claim and its potential value with the experts at our firm, contact us today.