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Bailey | Stock | Harmon | Cottam | Lopez LLP Bailey | Stock | Harmon | Cottam | Lopez LLP
Cheyenne 307-222-4932
Star Valley 307-885-7745

Unlocking the Secrets: Factors that Determine the Value of Your Personal Injury Case

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If you’ve been injured by someone else’s negligence, you’re probably wondering how you’re going to get your life back together. “How long will it take before your shoulder gets back to normal?” “Please tell me I don’t need surgery…” You might be on work restrictions or unable to work completely. You’re probably getting invoices from medical providers and are worried about how long you’ll be able to hold off the bill collectors.

With everything closing in on you, you’re praying your personal injury case settles and that it’s enough to cover your out-of-pocket expenses and make up for the pain and stress you’ve had to endure. So, what IS the value of your personal injury case?

Figuring out the value of a personal injury case is not always simple. It involves a complex interplay of factors. Below are some of the most important factors (but not the only ones) that influence the value of a case.

1. Severity of Injuries

One of the most critical factors in evaluating the worth of a personal injury case is the severity of the injuries sustained. More severe injuries generally lead to higher compensation. These can include physical injuries, emotional trauma, and even long-term disabilities. Medical records and expert testimony play a crucial role in establishing the extent of the injuries.

2. Liability and Negligence

Establishing liability is another vital factor. If it's clear that the other party was entirely at fault for the accident or incident, it strengthens your case. However, in cases of shared liability, Wyoming follows the "comparative negligence" principle, where compensation may be reduced proportionally to the plaintiff's level of fault.

3. Economic Damages

Economic damages are the tangible financial losses incurred due to the injury. These can include medical bills, lost wages, property damage, and any other out-of-pocket expenses related to the accident. Calculating these costs accurately is essential for a fair settlement.

4. Non-Economic Damages

Non-economic damages are the intangible losses that can be harder to quantify. This category encompasses pain and suffering, emotional distress, loss of consortium, and the impact of the injury on your overall quality of life. Experienced attorneys use various methods and expert testimony to assign a monetary value to these damages.

5. Insurance Coverage

The availability of insurance coverage plays a significant role in determining the value of a personal injury case. If the at-fault party has substantial insurance, it may increase the chances of obtaining full compensation. Conversely, if insurance coverage is limited, it can impact the overall settlement amount.

6. Evidence and Documentation

A strong case relies on solid evidence and documentation. Gathering evidence like accident reports, photographs, video clips, witness statements, medical records, and expert opinions can bolster your claim and potentially lead to a more favorable settlement.

7. Legal Representation

Having a skilled personal injury attorney by your side is perhaps the most critical factor. A seasoned lawyer understands how to navigate the legal system, negotiate with insurance companies, and build a compelling case that maximizes your compensation.

Remember, the value of a personal injury case can vary widely depending on these factors and the specific circumstances of each case. If you or a loved one has suffered a personal injury, it's essential to consult with an experienced attorney who can assess your situation, advocate for your rights, and work to secure the compensation you deserve.

Doug Bailey at Bailey | Stock | Harmon | Cottam | Lopez LLP specializes in personal injury cases in Wyoming and Colorado. He can help you navigate the complexities of your claim. Contact us today for a free consultation to discuss your case and learn more about your options for seeking the compensation you deserve.

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