Determining the value of a personal injury claim can be complicated. The amount is influenced by various factors related to your case. Personal injury claims generaly occur as a result of accidents where an individual is injured due to another person’s negligence or wrongful actions. Understanding how much your personal injury claim is worth is crucial. Learn more with the help of an experienced Geneva, Illinois personal injury lawyer.

What Damages Can Be Collected During a Personal Injury Claim?

Personal injury claims generally involve two main types of damages: economic and non-economic. Economic damages are actual quantifiable losses that can be calculated. They can include medical expenses like hospital stays, surgeries, medication, rehabilitation, and future care. Lost wages, loss of earning capacity, property damage, and more can also fall under economic damages.

Non-economic damages are more subjective and harder to calculate. They can include pain and suffering to compensate for physical pain and emotional distress caused by the injury. The impact that the accident has on their family, loss of enjoyment of life, and disability can also be considered.

How Can I Determine How Much My Personal Injury Claim Is Worth?

There is no telling how much your claim is worth without knowing the details of your circumstances. You could receive $1,000 or $100,000, it all depends on the specific situation. Several factors play a role in determining the value of a personal injury claim, including:

  • The severity of injuries
  • Medical expenses
  • Insurance coverage
  • Liability

The more severe your injuries are the higher your compensation will generally be. Extensive damage results in increased medical costs, longer recovery times, and greater impacts on daily life, meaning that a higher settlement amount will be required to offset the losses and associated costs.

Medical expenses are crucial in determining what your claim is worth. Medical records, bills, treatment plans, and expert testimony can provide evidence of the extent of your injuries as well as the financial and general impact they have had on your life. The more expenses you have the higher your compensation should be, and the injury’s effect on your quality of life can also have a significant impact.

Insurance coverage can also affect the claim’s value. Your insurance policy or the at-fault party’s insurance party may have coverage limits, restricting the amount of compensation you can receive.

The amount of fault each party is responsible for will also contribute to the amount you will receive in compensation. Illinois operates under a comparative negligence law, meaning that all individuals involved in an accident can be assigned percentages of the blame. If you were partially responsible then the amount your claim is worth will be less than if the other party was 100% at fault.

Contact a Personal Injury Attorney

It is always recommended to consult an experienced attorney when filing a claim or lawsuit. Your lawyer can provide insight into your claim based on their previous experience and knowledge of similar cases. Reach out to a skilled lawyer today for more information.