Maximizing Value

How much is my claim worth and what are the most important factors to be considered when valuing an injury or death claim? Every claim is different and every claim has factors that drive the value and factors that detract from the value.  Unfortunately, the more severe the injuries and the longer lasting the effects, the more a claim is “worth” to an insurance company.  The following list sets forth some of the major factors that are considered when trying to evaluate claim.  It is by no means an exhaustive list of factors nor is it in any order of importance necessarily.   However these are certainly among the things that will be considered by and adjustor, defense attorney or claims committee when trying to evaluate the value of a given claim:
  1. How severe is the injury?
  2. Did it require immediate medical attention and did the claimant seek immediate medical attention?
  3. Did the claimant follow up and continue to obtain all care necessary and recommended by the medical professionals?
  4. Was the injured party inpatient in the hospital and if so for how long?
  5. Did the injury require treatment by a specialist?
  6. Did the injury require surgery or other invasive procedures?
  7. What are the medical bills?
  8. Did the person lose wages or salary from being off work and if so how much and how long?
  9. Is the injury permanent?  For example is there any disability or permanent scarring or loss of function of a part of the body?
  10. Did this significantly affect family members including financially and emotionally?
  11. Can it be argued that the injured party or someone else was at fault for the accident?
  12. Did the injured party have a similar injury or condition before the accident for which he or she treated?
  13.  Does the injured person have an attorney?
  14. If so who is the attorney? The insurance companies have files on  the attorneys that specialize on these claims that help them know: 
    1. Have we gone against this attorney before?
    2. Is this attorney experienced and through?
    3. Does this attorney file lawsuits or just try to settle everything as fast as possible?
    4. If this attorney does file lawsuits regularly does the attorney also take cases to trial regularly?
    5. What results has the attorney had at trial? Has he gotten million dollar verdicts?
    6. Does he try cases in both state and federal court?   
One of the most difficult things a Claimant’s lawyer has to do is put a dollar figure on a serious injury or death.  We don’t think that a life can be valued with money.  However, if the criminal justice system fails or is not appropriate to remedy a wrong committed by another driver or person, the only remedy typically available is monetary damages.  That is all a jury can do in a civil case is reimburse monetary damages. We often tell juries we wish that we could ask them to just give us a time machine and no money at all.  But we can’t do that, all the civil justice systems has at its disposal to right wrongs is monetary reimbursement.  However, despite the shortcomings of the system, it does not mean that those responsible should not be held accountable or that insurance companies should be able to get out of paying what the law requires.   This is what we do, hold wrongdoers’ feet to the fire. These are just some of the factors that are considered when doing so

Have you lost a loved one due to someone else's
negligence or recklessness

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Local: 515-226-0500
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Have you lost a loved one due to someone else's
negligence or recklessness

CONTACT US


FREE Consultation

Local: 515-226-0500
Toll Free: 1-877-GRL-LAWS