What Is Your Personal Injury Case Worth? - Michael P. Maddux, P.A. Attorneys at Law
Certainly the most common question we are asked is, "What is my case worth?" No one can tell you during your initial consultation what your case is worth. We can offer you some insight, however:
| $ | Most cases are settled pre-suit. We will negotiate your case to achieve the highest possible offer with the carrier or at fault party. If an appropriate settlement cannot be achieved, we will file a lawsuit on your behalf. |
| $ | The cases you read about in the newspaper are generally important exceptions to money awards in lawsuits. If these cases were not "different" (either very low or very high) then the media would not be interested in them. |
| $ | No two cases or lawsuits are exactly the same. Just because another person settled for a certain amount or was awarded a certain amount by a jury does not mean that you should or can recover the same amount. Similarly, a criminal client will try to compare the sentence they are offered to stories they have heard. Each scenario and case is unique to each person. |
| $ | Most people do not get every penny they want or every penny they deserve. Since the harm done to you is personal, no amount of money can make it "right" for you. By having realistic expectations, the possibility of a satisfactory outcome expands. |
| $ | The "worth" of your case will be determined in one of three ways—either by negotiations, mediation or trial by a jury. In other words, the "worth" of your case is the amount you are willing to settle for and the insurance carrier or at fault party is willing to pay. If your case is litigated, the worth of the case is determined by a jury. Worth can come from past and future medical expenses, past and future wage loss, pain and suffering, humiliation, and other potential sources. |
| $ | If we enter settlement negotiations or mediation for you, we will advise you about each offer received. Evaluations are based on knowledge of the facts of your case (both for you and against you) and based on our knowledge and experience. Since settlement negotiations and mediation will not occur until much later in your case, when all the facts are known, we will not give you an opinion today on the "worth" of your case. Instead, we will advise you of the apparent strength or weakness of your case as we know it currently. |
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