Determining how much a personal injury claim is worth can be difficult. That’s why you need to work with an attorney after an accident. Your lawyer will evaluate every aspect of your claim and help you get the most money possible.
Oronoz & Ericsson Injury Lawyers has decades of experience helping victims like you. If you or a loved one has been injured, give us a call. You can reach us at (702) 878-2889 or use our online contact form.
What Is Considered in the Value of a Claim?
There are many variables to consider when evaluating a claim. We will want to make sure you get enough money to cover your losses and our legal costs and fees, which you won’t pay unless you win. The first step of any injury claims process is proving fault. After this, we can begin evaluating the financial value of your claim based on a variety of factors.
Considering Your Losses
Your losses will be a starting point for our evaluation of your claim. There are two types of losses: economic and non-economic.
Economic losses are those that can be directly linked to money you have spent or will be expected to pay in the future. Some examples include past and future medical expenses, lost wages, loss of earning potential, and property damage.
Non-economic losses include those that are not easily quantified. Some examples are pain and suffering and loss of consortium.
The goal is to ensure you get enough compensation to cover 100% of your economic losses plus a fair amount for non-economic losses.
Legal Expenses and Fees
Oronoz & Ericsson Injury Lawyers will not charge you any legal expenses or fees unless you win compensation. Then, we will take a percentage of the settlement or verdict that you win. We will consider a fair amount of legal costs when we value your claim.
Most personal injury attorneys take between 33% and 40% of your settlement to cover their expenses. Since lawyers have a lot of overhead, this often covers court filing costs, document production, discovery, and other tasks.
Are There Any Limitations To the Value of My Claim?
Yes. Your claim is limited by the insurance policy limit as well as the maximum amount of money you can get from the at-fault party.
An insurance policy limit is the most you can get from the at-fault party’s insurance company. For example, suppose you are in a car accident, and the responsible driver has $25,000 in bodily injury liability. In that case, that is the most money you can get from their insurance company for your medical bills.
However, there are other ways you can get additional funds. You may be able to sue the at-fault party. If the at-fault party has significant savings or other assets, you might be able to expand how much you can receive.
Another limitation to your claim is your ability to prove how many losses you will have. Our goal is to show that you have serious injuries that may require extensive future treatment. We may use experts to prove how much money you need.
Oronoz & Ericsson Injury Lawyers will use their experience fighting against insurance companies to eliminate all limitations on your claim’s value.
Our Personal Injury Team Can Help You Get the Most Out of Your Claim
Oronoz & Ericsson Injury Lawyers is ready to help you after a personal injury accident. We know you need money to cover your losses, and limitations can be disheartening. We will push past them and get you maximum compensation.
Call us today at (702) 878-2889 or use our online contact form today.