What Factors Affect the Value of My Personal Injury Case?

After you become the victim of a personal injury accident, your immediate reaction may be that you want to hold the at-fault party responsible in a lawsuit. However, once your emotions settle down, you may contemplate whether taking such legal action is even worth it in the end, considering all the costs you will incur and emotional exhaustion you will experience along the way. Well, we are here to tell you that your case is most likely worth fighting for. With that being said, please follow along to find out the factors that potentially influence the value of your case and how a proficient Monmouth County personal injury attorney at Wilton Law Firm can advocate on your behalf to maximize the final payout you receive. 

What external circumstances affect the overall value of my personal injury case?

For New Jersey personal injury cases, there is no standard payout that plaintiffs receive after successfully proving a defendant’s negligence. Rather, the civil court will review supplied evidence and listen to oral testimonies to decide on your case’s value. And so, the following factors may influence how much it is found ultimately worth:

• The severity of your incurred bodily injuries.
• The cost of your necessary medical treatments. 
• The quote to repair or replace your damaged property.
• The duration for which you have lost wages or an earning capacity.
• The extent of your physical pain and emotional suffering.

We should add that the aforementioned “pain and suffering” factor is a non-economic damage that cannot be calculated as easily as the others. This is to say that the court may apply a value here based on the discovered severity and impact of your bodily injuries. Overall, the worse your injuries are, the more financial compensation you will likely be awarded.

Will my personal injury case be settled, or will it have to go to trial?

Although we mentioned the New Jersey civil court’s involvement above, your personal injury case may not make it up to the trial setting. That is, most cases are typically resolved through a settlement. Our team will guide you on whether or not to take your case to this next level. The one thing we will say is that trial introduces both opportunities and risks.

On the one hand, a court may value your pain and suffering far greater than the defendant’s insurance company would in settlement negotiations. On the other hand, though, a court may assign partial blame to you after analyzing both sides of the case. This may greatly reduce your financial compensation compared to what the defendant may have offered to settle this quickly.

There is no shame in asking for help, especially when you are dealing with something as serious as a legal matter that could affect your physical, emotional, and financial well-being. So please retain legal assistance from a talented Monmouth County personal injury attorney from Wilton Law Firm. We will happily lend a hand.