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What Is My Denver Car Accident Claim Worth?

One of the most common questions we receive from new clients is “What is my car accident claim worth?” When you have been injured through the negligence of another, there are a number of factors which play in to what your potential recovery may be. There are three main factors that we use to analyze your potential recovery.  Those factors are:

  • Liability
  • Damages
  • Source of Recovery

LIABILITY

In short, who is responsible for causing the car accident? If you are unable to present credible facts to a jury that prove that the other party was fault, then your ability to recover will be severely jeopardized. That is why it is important to hire an experienced Denver car accident attorney who knows how to conduct a thorough and complete liability investigation. This can include visits to the scene of the crash, talking to witnesses, and anything else that will help prove your case. Without an ability to prove liability, your claim could be worth nothing.

DAMAGES

Most often, a client’s damages play the largest role in determining the potential worth of a car accident claim. A large portion of a victim’s claim will be related to the cost of medical treatment. This includes past medical treatment and the projected cost of any future medical care that results from the motor vehicle crash. This is typically presented through bills from your medical treatment providers.

Another area of damages comes from your ability to earn money. This includes all past lost wages due to your injuries as well as future loss of income and/or loss of earning capacity. The total amount of work time missed and the amount you earn will affect the value of your car accident claim. Depending on your profession and the severity of your injuries, this can be a major cause of damages.

You may also recover compensation for any scarring or disfigurement that resulted from the car accident. The size, severity, and location of the scarring/disfigurement will affect the total value of these damages. For example, a large scar covering a car accident victim’s face will increase damages more than a small scratch on a person’s ankle.

If your injuries are to the point that you will suffer from permanent impairment or disability, you may also recover for these damages.

SOURCE OF RECOVERY

Even if your damages are in the millions of dollars, you are only able to recover what the other party has in insurance or in collectible assets. In most instances, this will be limited to the amount of liability insurance that the other party has paid for. In Colorado, this can be as low as $25,000 per person injured. An injury attorney can help you determine all sources of recovery that are available in your case.

Overall, there are a many factors which go into how much your car accident claim is worth.  It is best to work with experienced personal injury attorneys who can help you evaluate your claim. Please contact Zinda Law Group today at 303-800-1501 for a free consultation.



 

800-863-5312
Denver

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Denver:
600 17th Street
Suite #2800

Denver, Colorado 80202
Phone: 303-800-1501

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