What's the Value of Your Louisiana Personal Injury Claim?
If you've been injured in an accident that was someone else's fault, you may be wondering whether it's worth it to sue for damages. Being involved in a lawsuit can be stressful and time-consuming, so before you decide to proceed, you will want to know if the approximate value of your Louisiana personal injury claim makes it worthwhile to pursue legal action.
When you meet with your personal injury attorney, he or she will estimate the value of your case. Factors that affect the value of your claim include the total cost of your medical treatment and your prognosis for future recovery, both of which may be unknowns at the time you start your case. Still, there are certain factors that insurance companies look at in valuing your claim, and your attorney will be able to give you a rough idea of whether your case is worth pursuing or not by evaluating the following factors. There are three major issues that your attorney will look at to advise you.
1) Economic Damages
The first category of damages to evaluate are your economic damages. These consist of actual financial losses you suffered as a result of the accident and include medical expenses, lost earnings and wages due to your inability to work as a result of the accident, loss of future earning capacity caused by the accident and property damage. These types of damages can be estimated fairly easily once your medical treatment is complete and your prognosis is known.
2) Non-Economic Damages
These types of damages are harder to estimate and include compensation for pain and suffering, loss of enjoyment of life, mental anguish, scarring, loss of consortium and associated damages. These damages are far more difficult to estimate, because there are no ready formulas available. An experienced Louisiana personal injury attorney can give you an idea of what these damages may amount to in your case, but there are no guarantees, particularly if your case ends up going before a jury.
3) Your Percentage of Fault
Your percentage of fault in an accident or injury will affect how much damages you can recover. In Louisiana, the value of your personal injury claim will be reduced by the value of your own percentage of fault for the accident in which you were injured. So, if you are found to be 20% percent at fault, your total damages will be reduced by 20%. Your attorney will estimate this based on the facts of your case and give you an idea of how this will play out in your situation.
An experienced Louisiana personal injury attorney can assist you in finding out how much your injuries are worth, and there is no charge for the initial consultation. Contact Finch Davis today regarding your injuries. We will assess your case for free and help determine how much compensation you may be entitled to. Call us at (225) 925-9368 to schedule your free consultation, or use the link below to contact us online.