There are many factors that determine the value of your injury case. Minor injuries may be worth thousands of dollars. More severe injuries can result in settlements that are worth millions of dollars. When evaluating your personal injury case in Michigan, you should consider the following factors which will determine the amount of the financial recovery:
Severity of Harm and Losses
• The severity and type of injuries you sustained
• The length of your recovery period
• Whether you will need ongoing medical treatment and future care
• If you suffered any permanent disabilities, scars or disfigurements
• The impact of your injuries on your ability to work and enjoy life
• The value of your economic damages including medical bills and wage loss
Keep in mind that not all injuries are immediately apparent. Some injuries can take time to develop and diagnose. It is important to have your injuries documented by medical professionals as soon as possible.
Is the Other Party Collectible or Have Adequate Insurance Coverage
The insurance company only has a legal obligation to pay up to the insurance policy limits stated in the insurance declaration page of the negligent party. Policies with higher insurance will likely result in larger settlements. If the damages exceed the policy limits, the defendant=s personal assets may be used to pay additional compensation to the injured parties. However, there are many limitations on what assets may be attached to satisfy a Judgment and most at-fault parties are not collectible above the insurance policy limits that are available.
Liability and Negligence of the Other Party
Aggravated liability such as accidents involving a drunk driver or distracted driver on a cell phone may increase the value of a case. Other factors that can increase or reduce the value of your personal injury case are as follows:
• Failing to see prompt medical treatment: If you wait too long to see a physician, the insurance company may argue that your injuries are unrelated or not serious.
• Sharing information on social media: Insurance adjusters and attorneys will likely look for posts contradicting your injury claims. Avoid discussing your accident on social media platforms.
• Comparative Fault: If you were guilty of some level of fault that caused or contributed to the accident, your compensation may be reduced by the percentage of your fault as determined by a jury.
WHAT TO DO IF YOU SUFFER AN INJURY FROM A MOTOR VEHICLE ACCIDENT?
If you or a loved one have suffered an injury from a car accident, motorcycle accident, truck accident, or rideshare accident you may be entitled to compensation from the person or company whose negligent conduct caused the injury. You should contact an experienced personal injury attorney to explain your legal rights under the law. The consultation is Free!
Our personal injury law firm in Ann Arbor has been helping injured parties throughout the state of Michigan for more than 45 years.