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Calculating the Worth of A Car Accident Claim

Oct. 18, 2021

This is one of the most frequently asked questions in the initial interview process. Many times clients have an idea based on conversations with family or friends, and the misconceptions and misinformation about accident claims that are on the internet. The value of a personal injury case is dependent upon a number of factors and the lawyer will not have all the facts at their disposal during the initial conference. One of the overriding factors in determining the value of a case is the available insurance, especially in this day and age when many people do not have disposable income.

As an example, if a client's injuries have a value of $100,000 and they lawyer discovers that there is only $25,000 available in coverage; the case is only worth $25,000 because the likelihood of recovering more than the insurance proceeds is slim to none. A car accident lawyer has the knowledge and experience to evaluate the factors that go into determining case worth.

If you have an initial interview with an attorney and they are able to tell you how much your case is worth, I recommend that you ask the attorney to put that in writing and hire him.

Factors Determining the Value of Your Car Accident Claim

  1. Your credibility

  2. The credibility of the other party

  3. Who was at fault for the accident

  4. How bad was the at-fault party's behavior

  5. The damage to the vehicles involved in the crash

  6. The nature and extent of your injuries

  7. Were you wearing your seatbelt?

  8. What was the cost of medical care and how much of the care was paid by insurance

  9. Are you required to pay back the money that your insurance company paid for her medical care

  10. The amount of your out of pocket expenses

  11. The amount of future medical expenses if future medical care is required

  12. Did you lose income, and are you expected to lose income in the future

  13. Did you have any prior injuries or pre-existing medical conditions that were not caused or aggravated by the accident

  14. If you are married or have children, how did the injuries impact your relationship with your family

  15. How did and how does your injuries impact your ability to enjoy life

Indiana Accident Law Is Complex

These are some of the factors that go into determining the value of your car accident claim. In addition to the factors noted above, the insurance company may employ other strategies (i.e. surveillance) in an attempt to settle cases for less than full value. If you have a serious injury claim, it is in your best interest to speak with an attorney initially so you do not make mistakes that can destroy your claim.