Car Accident Settlement Amounts: What Your Claim Is Really Worth
Car Accident Settlement Amounts: What Your Claim Is Really Worth "What's my case worth?" It's the question every car accident victim asks. The method for valuing a claim isn't mysterious. This guide explains how claims are valued: damage types, calculation methods, factors affecting value, and settlement vs. court. Types of Damages Economic damages Medical expenses, lost wages, loss of earning capacity, property damage, out-of-pocket costs. Keep every receipt. Non-economic damages Pain and suffering, emotional distress, loss of enjoyment of life, loss of consortium. These are argued, not invoiced. How Claims Get Valued The multiplier method : add economic damages, multiply by 1.5-5 for non-economic. It's a negotiating framework, not a formula. Other methods: per diem, comparable case analysis. What Affects Value Increases: Clear liability, serious documented injuries, permanent effects, consistent treatment, strong impact story, deep coverage. D...