Evans Agrapidis Explains How Your Personal Injury Case is Valued

A huge number of variables go into placing a dollar value on a personal injury claim. Every case is different, but there are common factors that may increase or decrease the compensation you can receive through a settlement or a jury trial.

Evans Agrapidis, an experienced attorney from Jersey City, New Jersey, explains how insurance companies decide on the valuation of your case, naming some of the factors that go into this decision and how your attorney can help you increase your payout.

Attorney Evans Agrapidis Discusses How Personal Injury Cases Are Valued

How Insurance Companies Set Valuations

Many people believe that they are due exceptional amounts when the multiplier is applied. Still, clients should not jump to the conclusion that their case is worth dramatically more than comparable cases. Understandably, you would feel that your injury is worse than others’ since you are the one experiencing it for yourself or your loved one. It is best to expect 1.5 to 5 times as a multiplier and not to hope for six-plus unless your claim is truly severe.

Cases Where A High Multiplier is Justified

If your impairment has lasted longer than six months, you will be more likely to qualify for the higher multiplier. It also helps if you have suffered a permanent consequence that is medically documented.

Lower multipliers are appropriate when soft tissue injuries like sprains or strains are involved. The medical bills must focus on diagnosis rather than treatment. Medical treatment may be given by providers like nurses who do not have doctrate degrees. You may not have been prescribed medication for your injury and have a shorter recovery period with no residual mental or physical problems.

Factors Bringing Lower Compensation

What is Legal Fault?

Multiple people may be at fault. Comparative and contributory fault laws govern the intricacies of who should pay the claim.

Contributory negligence states that if you contributed to your injury, you can’t hold anyone else responsible. Some states still follow a 100 percent contributory negligence law, like New York and Mississippi. It could be very difficult to get compensation in these states when you have been partly at fault for your accident.

Comparative negligence includes the assessment of how much each party was at fault. For example, if one driver turned left too soon and the other ran a red light, they would both be negligent.

A Question of Sympathy

Setting a Fair Value

Whether your case goes to trial or is settled out of court, you will need a high-quality personal injury attorney. Be sure to search for an attorney like Evans Agrapidis, who has a good reputation and can deal with even the most complex lawsuits.

Being aware of the factors that govern out-of-court settlements is one of the most pressing tasks when you are in the process of resolving a personal injury lawsuit. Lawyers like Evans Agrapidis can navigate any difficulties you may encounter and show you that you can be fairly compensated for your injuries.

Personal Injury and Accident Lawyer in Jersey City, New Jersey.