What Is My Car Accident Claim Worth? | Denver Injury Lawyers
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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 that play into what your potential recovery may be.
If you or a loved one has been injured in a crash, call Zinda Law Group at (800) 863-5312 for a 100% free case evaluation.
What Determines the Value of My Claim?
There are three main factors that we use to analyze your potential recovery. Those factors are:
- Source of Recovery
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 visiting the scene of the crash, preserving evidence, and handling the many other complex legal aspects of your case. Without an ability to prove liability, your claim could be worth nothing.
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 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 or disfigurement will affect the total value of these damages. For example, a large scar covering the face of a car accident victim 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. A Denver auto injury attorney can help you determine all sources of recovery that are available in your case.
Get Help From Skilled Denver Car Accident Lawyers
Overall, there are many factors that go into how much your auto accident claim is worth. It is best to work with experienced personal injury attorneys who have the knowledge and resources necessary to help you pursue maximum recovery for medical bills, property damage, lost wages, pain and suffering, and other types of damages.