Placing A Value On Your Personal Injury Claim

Your Medical Doctor or Chiropractor has released you from treatment for your motor vehicle accident and enough time has passed so you are going to place yourself to sit down with Adjuster Henry Hard-Nose. His company is Rock Solid Insurance, the company who insures Fred Fuddle, the person who plowed to a rear end, smashing you with a huge crash that was responsible for your injuries plus the”Pain and Suffering” you’ve had to endure.

To be adequately compensated for everything you’ve gone through you must have accumulated what’s identified in the area of insurance claims because”Special Damages”. These are the Medical bills, your Lost Wages and every dollar paid out to assist with your recovery. When constructing the value of a personal injury claim There Are Numerous Important elements you should Know about:

LIABILITY: In the vast majority of motor vehicle accidents it is clear who was to blame. Assuming that Fuddle struck you a powerful blow at the back end (rear-enders make up well over half of those motor vehicle accidents that take place in the USA each year) yours is a case that must be settled. (Closing Statistics prove that in 83 percent of accident’s that happened in 2003 it’s clear who was at fault)!

The very doubtful liability situation has little, if any, settlement value. If that’s the case you should get the services of the regional Legal Beagle who does a good job at the, Attorney I.M. Greedy. However if you do, be very careful once you sign Greedy’s”Contingency Fee Agreement”. Read it carefully. Don’t sign anything which will allow him charge you one cent, besides his regular fee. Do not – – in any way whatsoever – – allow him to chisel any money from you, for his out-of-pocket expenses. All Greedy ought to be compensated for (if he’s successful at busting loose some bucks from Rock Solid) is his commission which needs to be no more than a locally printed accepted portion of their total recovery.

TYPE OF INJURY: If there are acute injuries (which make up just ten to fifteen percent of motor vehicle accidents) you should obtain the help of a lawyer. However, if you have had slight injuries like whiplash, bumps, bruises, sprains and/or strains (and it’s apparent you are not at fault) you can handle and settle the claim yourself.

TYPE OF PERSON YOU ARE: Rate yourself and be brutally honest. You’re probably an average motor vehicle owner/driver, living a regular life. However if you’ve spent some time behind bars, have a criminal record, or even a history of character defects that often get your butt in a jam with the local cops (and this really is well-known) you have to take those facts into consideration when forming expectations regarding what your situation is worth.

THE Kind OF PERSON FRED FUDDLE IS: The better Fred Fuddle looks, or the better the”thing” (Fuddle’s business or business, etc.) appears, the better for Rock Solid. However, if Fuddle is a known bookie or drug dealer, they are in deep”stuff”. On the flip side, if Fuddle is a well-loved philanthropist, that can be a plus for Rock Solid Insurance. Or when the vehicle that struck you was a van driven by Pastor Frederick Fuddle, and the named insured is The Fuddle Camp For Lost Souls, which may be a plus for Rock Solid.

But, if the”thing” that struck you was a dilapidated crap pile on wheels operated by Fred”Goof-Ball” Fuddle, and the named insured is The Fuddle Rotted Cow Manure Corporation, which will definitely not be favorable for Rock Solid.

DAMAGES: There are”Medical Special Damage” Expenses, “Non-Medical Special Damages” Expenses, or your”Property Damage” Expenses.

MEDICAL SPECIAL DAMAGE EXPENSES: These generally include Price of Ambulance, Emergency Room, Hospital or Clinic Charges, Chiropractor, or Dentist, Over-The-Counter Drugs and/or Prescription Medicines, Laboratory Fees and Services, Diagnostic Tests: X-Rays and (CT) Scan, Prosthetic Appliances or Surgical Apparatus, (Cranes & Crutches), Physical Therapy, Registered and/or Practical Nurse Fees, Ace Bandages, Gauze and Tape, Heating Pads, Creams, Lotions, Ointments, Balms and Salves.

In regards to listing your Medical Special Damage”expenses” don’t miss one single dollar because, when it comes time to settle your claim, that dollar can increase the value of your payment for”Pain and Suffering” by a multiplier of four or five! (Yes, that means a $20.00 bill can be worth $80.00 to $100.00 more, on your pocket, from Rock Solid Insurance, in settlement time).

NON-MEDICAL SPECIAL DAMAGES: These generally include Lost Wages and Earnings, Lost Holiday time or Sick Leave, Travel Expenses (car rentals, public transport, expenses incurred getting to and from the Chiropractor and/or hospital or physical therapy”treatment” of a sort) Household Help during handicap and/or Child Care. Be sure to get written proof of such”Non-Medical Special Damages.

LOST WAGES: The income you lost, because you’re not able to work, is an area where adjusters take terrible advantage of this normal claimant because they know so little about it.

Commissions and overtime can make a massive difference in your missing earnings. Make sure you acquire a letter from your employer, on their official letterhead, explaining that in detail. Or, if you are self-explanatory, get this information stated in your accountant’s letterhead.

The time you miss from work (thus the money you might have lost) is calculated and this element constitutes what is called”Lost Wages” or”Lost Time Verification”. In most scenarios, you’re entitled to compensation for lost time and earnings, even in the event that you have no actual loss of money! Such as, for example, when your salary is paid by your company insurance policy, or by taking sick leave, or any similar arrangement.

Even if you’re salaried you need to obtain a”Lost Revenue”, or”Time Lost Verification”, in composing in your company’s letterhead.

IF YOU’RE SELF-EMPLOYED: To prove your lost earnings you will probably have to assemble some inside information for Hard-Nose. If you don’t like the idea of submitting private files to him, in the privacy of your home or office, just consider how you’d feel about producing them at the non-private environment of a court. When a case goes to trial, and if you want to prove your damages in order to collect sufficient compensation, that is your only alternative.

TWO CRITICAL AREAS REGARDING LOST WAGES: Did the harm necessitate a change of employment or job at a lesser rate? Or, how did the harm allow your going to work but only on a part-time foundation? If the answer to either question is”Yes”, it would be smart to request your employer to record these details in their letterhead.

IT’S CRUCIAL FOR YOU TO KNOW: Even if you’ve been paid while out of work, you’re still able to compute your own time lost from work as”Lost Wages”.

PROPERTY DAMAGE EXPENSES: These typically include Motor Vehicle Repair, Damaged Clothing, Broken Glasses, the price of Substitute Car Rentals, Towing and Storage. Make copies of bills relating to any of your property damage expenses. Keep the originals. Make sure you have these in your possession when you and Hard-Nose plunk yourselves down to”Talk Turkey”. Photocopies are sufficient to give him. Click here to get started!

YOUR AGE: Due to their apparent innocence, insurance claim crash victims, up to age 12, normally have excellent settlement effects. Those in their teens, and in their late 50’s, fall to a rather normal category because they’re generally considered to be in the height of the physical stamina. Those in their late 60’s, and over, usually fare exceptionally well; primarily as a result of sympathy that is often invoked, from a judge or jury, due to general attitudes regarding frailty and the older.

MOST IMPORTANT TO REMEMBER: The information Hard-Nose places into your document plays a significant part in the eventual value of your claim. Never underestimate the significance of his impressions and decisions! Should, one day, your case winds up in front of a judge, or jury, what Hard-Nose feels, observes then reports into your file at Rock Solid about you personally, his insured Fred Fuddle, and/or potential witnesses, etc., (along with the information that you’ve documented for him) could have massive influence on the value of your claim – – especially if Fuddle is a loser and he’s absolutely in the incorrect. At that point, the one thing stalling a payoff is the sum of money it is going cost to get rid of you.

And, should your file end up in the hands of the local defense attorney for Rock Solid Insurance, all of the positive factors about you, your injury and liability, will induce him to gasp, “Hey, what is happening here? My legal fees will be greater than the few hundred dollars this one could be thrown for.”

The bottom line: Your out-of-pocket expenses properly recorded and presented, your injury information correctly documented and your lost salary clearly established will dramatically raise the dollar value of your personal injury case.