Generally, there is no one-size-fits-all approach for a typical Maryland personal injury case. Individuals who suffer injuries are unique, and every accident-related event exists exclusively.
However, in the analysis and evaluation of these case types, there are various similarities in cases that can generate general advice. Such advice gives information about the value of personal injury cases like motorcycle accident cases.
The big question remains, what is the value of a Maryland personal injury case? Read on and find out.
How much is my injury claim worth?
Just about every victim wonders what their injury claim could be worth. Usually, people claim, “it is not about the money” or “I am not in this to get rich;” however, money is vital in this industry.
Analyzing every injury case, considering every person and circumstance, is one of the most vital services a Maryland personal injury offers. For instance, years of experience in dealing with personal injury cases and negotiating personal injury claim settlements produce meaningful insights into the value of a claim.
Numerous factors go into value analysis:
- The cost of your medical charges and income loss
These two elements are often the most significant components of a personal injury case. They provide complete information on the extent of economic harm.
- A doctor’s thoughts on your injury
Every successful Maryland personal injury plaintiff always has one doctor or more to relate the event to the damage and the need for treatment.
Usually, the defendant’s insurance company has a lot of money to spend on the defense of the claims. They will inevitably locate another doctor who will offer a contrary opinion to what your doctor says.
- Your physical and mental anxiety
‘How much is a lost limb or a lost life worth?’ is an age-old expression that perfectly describes the impossible or varying nature of quantifying such emotional losses. Because the nature of the claim defies easy calculation, these elements are often categorized as “non-economic” damage. In these situations, jurors in Maryland are given guidelines on what to evaluate to generate value.
What is the best way to determine the value of a Maryland personal injury case?
It is one of the major missions of any personal injury attorney to intuitively and accurately calculate the claim’s value. The second and most vital mission is for that attorney to acquire complete and fair compensation for their client.
Although it is a poor substitute for one’s mental and physical health, it recognizes the claim that if one is injured through the fault of another, monetary damages are appropriate compensation.
Maryland law deals with two concepts of damages to access value. They are economic damage and non-economic damage.
Economic damages are easily measured—they include lost salaries, medical expenditures, and other expenses expected to be spent soon. Non-economic damages need a more thorough examination. When referring to non-economic damages, many individuals outline them into two elements: pain and suffering.
The essential premise here is how an injury or its consequences have compromised, affected, or changed the trajectory of the victim’s life.
Conclusion
“If you have been hurt due to the negligence of another, our legal system fully acknowledges this,” says attorney John Yannone of Price Benowitz Accident Injury Lawyers, LLP. “Speaking with an attorney can help you better understand your case and potential compensation package.”
And, while money is a poor stand-in for health and peace of mind, it is how the law calculates the extent of your loss. However, be rest assured that an expert Maryland personal injury attorney can advise you on the worth of your case.
