How Much Is My Personal Injury Case Worth?

An accidental injury can set you back considerably, not just in terms of your physical health but also financially. Recovery can be a long and grueling process that keeps you from returning to work and earning an income and prevents you from enjoying your life. Illinois law allows injured individuals to seek compensation from an at-fault party to cover their medical expenses and other financial losses. But how do you know how much your personal injury case is worth?

At Goldfine & Bowles, our personal injury attorneys want to help you understand how much your case is worth – and remind you that we’ll never settle for less than what you deserve.

How Much Is the Average Personal Injury Case Worth in Illinois?

The first question most accident victims ask is how much their personal injury case is worth. The answer is complicated because numerous factors can impact the overall value of a case, such as the severity of a person’s injuries and the cause of the accident. Depending on the amount of medical expenses you incur, the amount of time you miss from work, and the other short- and long-term effects of the accident and your injuries, your claim could be worth anywhere from a few thousand dollars to a million or more.

There’s no such thing as an “average” personal injury claim. Before you agree to accept any form of compensation after an accident, you must consult with an experienced attorney who can accurately calculate the value of your financial losses. So much goes into evaluating your unique situation that you don’t want to leave money on the table by accepting a lowball offer in your vulnerable physical and mental state.

Factors That Influence the Value of a Personal Injury Case

An attorney can help calculate the fair value of your personal injury case by tabulating your economic losses, such as medical expenses, lost income, and property damage. Economic losses are relatively straightforward and can be calculated by carefully reviewing medical bills, repair receipts, pay stubs, tax forms, and other documentation.

Your lawyer can then estimate your non-economic losses, which are much more subjective. These losses include disability and quality of life changes. In Illinois, there is no cap or limit to the amount of compensation an individual can recover for non-economic losses.

The degree of fault each party bears for causing the accident can influence the value of a personal injury lawsuit. Illinois has adopted a modified comparative negligence system for civil cases. Under this system, anyone less than 50 percent at fault for causing an accident can seek compensation for their injuries. However, the compensation a victim may recover will decrease in proportion to their percentage of fault.

A Personal Injury Attorney Can Help You Overcome the Financial Hurdles

Don’t settle for less than what you deserve. Discuss your unique situation with an experienced personal injury attorney at Goldfine & Bowles. Our skilled personal injury attorneys want to help you recover maximum compensation for your injuries. Contact our office today to set up a free initial consultation.