How much is a personal injury case worth?

How much is a personal injury case worth?

• May 10, 2024
• By Gerard Devita
• 

Determining how much a personal injury case is worth is crucial for anyone who has suffered an injury due to someone else’s negligence. However, the answer is often not simple, and depends on various factors, including the specifics of the injury, the circumstances of the accident, and the legal framework in New York.

Keep reading for more from a Suffolk County personal injury lawyer, then contact us online or call (631) 543-7070 to schedule your free case consultation.

Understanding damages in a personal injury case

In New York, compensation in personal injury cases generally falls into three broad categories: economic damages, non-economic damages, and, in rare cases, punitive damages.

Economic damages

These cover all the financial expenses that arise from the injury. This includes medical bills, rehabilitation costs, lost wages, future lost income, and other out-of-pocket expenses. Calculating economic damages is typically straightforward as it involves tallying all costs incurred due to the injury.

Non-economic damages

These are intended to compensate for non-financial losses, such as pain and suffering, loss of enjoyment of life, emotional distress, and disability or disfigurement. These damages are more subjective and can vary significantly depending on the severity of the injury and its long-term impact on the victim’s life.

Punitive damages

Although less common, punitive damages may be awarded in cases where the defendant’s actions were reckless or malicious. These are not meant to compensate the victim but rather to punish the defendant and deter similar behavior in the future.

Factors influencing the value of a personal injury case

Several factors can influence how much a personal injury case is worth:

Severity of the injury

Generally, the more severe and long-lasting the injury, the higher the compensation. For example, a spinal injury that leads to paralysis will typically result in a higher settlement than a broken arm that fully heals in a few months.

Impact on quality of life

If the injury has led to a permanent reduction in quality of life or a significant change in life circumstances, this can greatly increase the case’s value.

Economic impact

Higher compensation may be warranted if the injury affects your ability to work temporarily or permanently. Losing a professional career, especially a high-paying one, can significantly influence compensation.

Fault and liability

New York follows a “comparative negligence” rule, meaning that if you are partially at fault for the incident, your compensation may be reduced by your percentage of fault.

Insurance coverage

The defendant’s insurance coverage also plays a crucial role in determining how much compensation you can realistically obtain. Insurers often have policy limits that cap the amount payable, regardless of the damages incurred.

How to estimate your case value

To estimate the value of your injury case, consider all the above factors. It often helps to look at settlements and awards in similar cases, but remember that each case is unique. Consulting with a personal injury lawyer is recommended for the most accurate assessment. They can help analyze the specifics of your case, gather the necessary documentation, and negotiate with insurance companies or defendants.

Work with us to maximize your compensation

How much a personal injury case is worth can vary widely. The complexity of personal injury law in New York, coupled with the diverse nature of injuries and their impacts, means that valuing such a case requires detailed analysis and expert legal advice. Consulting with experienced legal professionals like those at Carner & DeVita can provide clarity and ensure that your rights are fully protected while striving to get the compensation you deserve.

Related articles for further reading

• What if I can’t afford an attorney?
• How are personal injury settlements paid out?