How Much is My Claim Worth?

If you have sustained an injury in acar crash in Oklahoma City or other parts of the state, hospital and medical bills can add up quickly. On top of your medical expenses, you may also be dealing with the loss of income as well as non-economic damages such as pain and suffering and emotional distress.

Luckily, you can get reimbursed for all the losses and damages as long as you know how much your claim is worth, and you have an experienced personal injury lawyer who fights for the maximum compensation.

Many victims of car accidents wonder, “How much is my claim worth?” It is not possible to give you even a rough estimate of how much to expect from your settlement. You need anOklahoma City personal injury attorney to review your particular case and determine how much your claim is worth.

Factors Affecting the Value of Your Injury Claim

As mentioned earlier, the value of your injury claim depends on a wide range of factors and the circumstances surrounding your particular accident.

• Past and future medical bills. If you require medical treatment, surgery, rehabilitation, therapy, or any other type of medical care following your car crash, you could seek reimbursement for all the past and future medical bills. Your lawyer will have to demonstrate your medical records or obtain testimony from your doctor in order to calculate the cost of future medical expenses.
• Past lost wages. If you had to miss work due to your injury or medical treatment, you could get reimbursed for the lost wages. In addition to lost income, you could also get compensated for other benefits lost, including health insurance and retirement benefits.
• Future lost wages or diminished earning capacity. If your injury is expected to affect your earning capacity in the future, your lawyer will calculate how much your claim is worth based on evidence that future earning capacity has been impaired.
• Pain and suffering. If your injury caused you pain and suffering and other emotional and mental trauma due to your injury, you deserve an adequate settlement for pain and suffering. There is no exact formula for calculating pain and suffering damages, which is why you need an experienced personal injury lawyer to help you calculate how much your claim is worth.
• Property damage. If your personal property, such as your vehicle, has been damaged because of someone else’s negligence, you can obtain compensation for your property damage. Under47 OK Stat § 47-1111, your motor vehicle is considered “totaled” if the cost of repairing the car exceeds 60% of the fair market value.
• Punitive damages. These damages are intended to punish the at-fault party for their outrageous conduct. Punitive damages are rarely awarded in personal injury cases in Oklahoma. These damages may be available if you can prove that the defendant’s conduct is egregious. According to23 OK Stat § 23-9.1, punitive damages cannot exceed $100,000 or the amount of compensatory damages awarded to the victim.

There is no exact formula for determining how much your claim is worth in Oklahoma. For this reason, it is advised to consult with a personal injury lawyer in Oklahoma City to help you calculate your settlement amount. Contact BDIW Law, to get a consultation about your case. Call at 405-886-9660.