What’s a personal injury case worth?
I’ll be the first to say that personal injury cases aren’t all about money. They are about trying to make victims whole after their lives have been painfully disrupted due to no fault of their own.
Having said that, there are few remedies available under the law to make someone whole other than a monetary award. So that begs the question: What is a personal injury case worth?
Some people will come up with an artificial goal. They’ll make up something like, “My Uncle Fred got $1 gazillion for his broken pinky case,” or “I want to get at least $3500 because that’s what my rims were worth.” It’s good to have a goal, but that’s probably not the best way to go about it.
Bodily injury claim values should be rooted in things that have to do with your bodily injury. While many people do look at the BI claim as a way to soften the blow of a not-so-great property damage settlement, they aren’t necessarily linked.
There’s a great movie quote where a guy asks what comes with his purchase and he says, “You get a gold plated Rolls Royce, as long as you pay for it.” This is a good demonstration of the concept of quid pro quo. That simply means, “this for that.” In other words, in order to get this, you have to exchange it for that. What I try to do is compare each case and its resultant offers (with the math) to what the average case looks like, and I judge it from there.
The reality is that there’s no 100% definite way to define case value, but I use my 16+ years of experience in this field, as well as talking to other attorneys, to come up with estimates as to what I think adjusters/juries will do in these cases, and I’m normally fairly accurate. But that doesn’t mean you have no input in the goal I set for your case. Remember, I want you to get as much as possible, as I get paid a percentage of your settlement, so more is better for me!
What I am trying to say is that your goal should be more based in expert advice and data than in other, less related, metrics. Once again, it doesn’t mean I won’t try to get you as much as I can. I just mean that I want you to keep your expectations realistic. Listen to your attorney. You’re paying for his/her expert advice in these matters, and it is probably worth every penny.
Call me at 919-929-2992.
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