How Much is Your Car Accident Claim Worth?

paramedics unloading a patient from an ambulance

Perhaps the most common question asked by those who are injured in a car accident is how much their claim worth is. For injured individuals who are facing mounting medical bills and not currently going to work and earning a paycheck, this is an extremely pressing question. Unfortunately, there is no easy answer. The value of your claim is based on many factors, some out of your control. The best way to determine how much compensation you could receive and to maximize it is to consult with a trustworthy Los Angeles based personal injury lawyer as soon as possible after your accident.

Understanding Damages

The value of your accident claim is primarily based on your damages. Damages are the losses, inconveniences, and expenses you suffer because of the accident. There are generally two types of compensable harm; economic and non-economic.

Economic damages encompass all of your financial losses or expenses associated with your accident. They have an inherent value. For example:

  • Medical bills
  • Lost wages
  • Necessary household or childcare services that you are unable to perform
  • Property damages

Non-economic damages are more difficult to value. They do not have a pre-determined worth like a medical bill, or lost wages do. Non-economic costs are subjective and can include:

A Los Angeles personal injury attorney can estimate what your claim might be worth by reviewing the types of damages you incurred. They can help ensure that each of your losses is accounted for in your case, considered during settlement negotiations, and explained to a jury if necessary.

Other Factors Impacting Your Claim’s Value

Depending on your accident and injuries’ type and specifics, many other potential factors will help determine how much compensation you can recover. The experience and skills of the Los Angeles personal injury lawyer who represents you can impact your claim’s value. The steps you do or don’t take after your accident can increase or decrease how much you receive. Other relevant factors include:

  • Whether there are pre-existing conditions that could contribute to your injuries
  • If there is evidence to substantiate witness testimony such as photographs of your injuries or property damage
  • Admissions from the other party as to liability
  • The extent of your injuries
  • How your injuries might impact your life long-term
  • If you are or will be able to return to work eventually

Talk to a Los Angeles Personal Injury Attorney to Find Out What Your Claim is Worth

A personal injury attorney can learn about your case and use their expertise to give you a realistic understanding of your case’s strengths and weaknesses. Based on this information, they can also provide you with an expected value of your claim. However, it is essential to understand that this is only an estimate. If there are things that your attorney can do or things they can instruct you to do to maximize the value of your claim, they will begin talking about this at your initial consultation. Call (310) 226-7676 or contact us online to schedule your case consultation with a Los Angeles personal injury lawyer today at Jahrmarkt & Associates.