Car accident victims often wonder how their Houston car accident attorney calculates case value. Here is a brief overview of the process used to determine what your claim may be worth.
If you were injured in a car accident, contact us now to learn how much your case is worth.
How Insurance Companies Calculate Case Value
Insurance companies generally calculate the value of a case based on the estimated cost of damages from the accident. Some factors that affect this number include:
- Physical injuries
- Lost Wages
- Property Damage
- Non-economic damages
These factors will also affect how your Houston car accident attorney will determine the value of your case. One of the biggest differences is that the insurance company will often know the true value, but try to get you to take a lower settlement. Your attorney is here to fight for your right to a fair settlement from the insurance company.
How Your Houston Car Accident Attorney Will Get You the Best Possible Settlement
A Houston car accident attorney can represent you to fight for fair compensation after an accident. Your accident lawyer will negotiate with the insurance company on your behalf. This is important, as lawyers have knowledge and experience in accident and personal injury law. This means you’re represented by a professional that works on your behalf to get you the settlement you deserve.
What Factors Contribute to the Value of Your Case
When personal injury attorneys review a case, they look at many factors to determine its value. Some of these criteria can include the severity of injuries, any permanent disability resulting from the accident, economic losses from medical bills or lost wages, emotional damages caused by pain and suffering, and any relevant witnesses or information about the fault. They also take into consideration other factors such as statutes of limitations for filing a personal injury lawsuit in the chosen jurisdiction. With all these pieces of evidence considered in combination, personal injury lawyers have a better idea of each specific case’s value as well as what steps to recommend for your case.
Injuries are an essential factor when it comes to Houston car accident cases. Generally, the more severe your injuries after an accident, the higher the value of your case. Your car accident attorney might ask about your injuries to get a sense of what kind of medical bills, lost wages, as well as pain and suffering might apply for the damages in your case. Mention any injuries you suffered from so the lawyer can get a good picture of your case.
Property damage claims are typically important components of car accident cases and can play a role in determining the settlement value. The amount of compensation potential accident victims may receive depends in part on how much damage their vehicle suffered, as well as its pre-accident value. The more extensive the property damage is, the more damages accident lawyers will seek for their clients. It’s important for accident victims to understand the role that property damage can play when filing an accident claim and seek legal guidance from an experienced accident lawyer who understands best how to proceed.
When considering the value of your car accident case, it is important to understand the impact of non-economic damages. These damages, also known as pain and suffering damages, represent the physical, emotional and psychological pain inflicted upon injured victims. These are generally in addition to economic damages for things like your medical bills.
Since non-economic damages don’t come with a bill or a receipt, they can be harder to calculate. Usually they are a simple multiplier of the total economic damages. The more the pain and suffering in the case, the higher the multiplier. Of course, this is quite a complex process, so it helps to talk to a car accident attorney in Houston about the specifics of your case.
How to Maximize the Value of Your Claim with Your Houston Car Accident Attorney
One of the most important considerations when making a car accident claim is to seek out an experienced Houston car accident attorney. Not only can they help give you insight and advice in navigating the legal process, but they can also leverage their experience to maximize the value of your claim. An experienced Houston car accident attorney knows that working with insurance companies is far from a straightforward process, and they have the tools to negotiate a settlement sum that properly reflects the scope of your damages. F
Hire a Houston Car Accident Attorney for Your Claim
If you have been involved in a car accident in the Houston area, it is important to consult with an experienced and knowledgeable car accident attorney. A qualified attorney can help you understand the legal process and ensure that your rights are protected throughout your claim. Having an experienced advocate on your side when dealing with the aftermath of a car accident can make all the difference for a successful outcome in your case.
At Maida Law Firm, we have over 30 years of experience fighting for our clients to get them the maximum possible compensation they deserve. We will work tirelessly to make sure you are fairly compensated for your injuries, property damage, and non-economic damages. If you or a loved one has been in a car accident, contact us for a free legal consultation.