Many Factors Affect the Value of Your Claim
What is your case worth? There are many factors which must be taken into consideration when attempting to determine the value of a personal injury case. Although we identify some of the more important factors below, please understand that these are only some of the factors and that your case may be unique. In addition, you also have to consider the locale of the claim, the applicable insurance company, the age of the claim, and other circumstances.
Main Factors To Consider
Severity of the Injuries
One of the most important factors when considering the value of a claim is the severity of the injuries. In most instances, the more serious the injuries, the more valuable the claim. For example, an individual with broken bones will almost always be paid more money than a claimant with whiplash injuries.
Proper medical documentation is always essential to your claim. If you do not obtain the proper medical and billing records, then the insurance company cannot properly evaluate your case. One should also obtain documentation establishing future medical care and costs, if any.
Severity of the Collision
It has long been argued that there is no correlation between property damage and bodily injury. However, insurance companies continually gauge the value of a claim based upon the dollar amount of property damage caused by an accident. Therefore, an accident with $5,000 in property damage will usually get more attention from an adjuster than an accident with $750 in property damage.
When considering a claim for settlement, an insurance adjuster may ask if your injuries were pre-existing. For example, you may have broken your arm the day before your accident, meaning that the insurance company will compensate you for the aggravation to the broken arm, but they will not compensate you for the broken arm itself, since it existed prior to the accident.
Amount of Insurance & Number of Claimants
The circumstances of the accident, how many people where involved in the accident, and the types and amounts of insurance available all factor into the value of your claim. For a detailed explanation of Texas automobile policy limits, please see Texas Auto Policy Limits.
Don’t Delay! Call Us Now Before Time Runs Out!
Because Texas’ Statute of Limitations imposes strict deadlines on how long you have to bring your case, it is important to call us as soon as possible before your time runs out.
While many law firms are ready to serve, a select few have the necessary talent to build a case that will result in ample settlement before trial. Our law firm has a long history of success and it would be our honor to serve you.
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