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Key Factors Influencing The Value of a Personal Injury Claim

If you’ve been injured due to someone else’s negligence, and you’re seeking compensation, it’s important to understand how personal injury claims are valued. Several factors can impact the value of a personal injury claim, including:

1. The Severity of Your Injuries

The severity of injuries sustained in an accident help determine the amount of compensation. Evidence such as medical records, and expert opinions can help demonstrate the severity of your injuries, raising the value of your claim.

2. Liability

Establishing liability is a significant aspect of any personal injury claim. Proving that the other party was negligent and at fault for the accident is essential for a successful claim. New York follows a comparative negligence system, which means that the compensation a plaintiff receives can be reduced by their percentage of fault.

3. Insurance Coverage

The at-fault party’s insurance policy will help determine the available funds for compensation, so understanding the types of coverage and limits in place is essential to assessing the potential recovery. In some cases, additional sources of compensation may need to be explored, such as umbrella policies or personal assets of the responsible party.

4. Legal Representation

Having a skilled and experienced personal injury attorney can significantly impact the outcome of your claim. Legal representation ensures that your rights are protected, the evidence is properly presented, and negotiations are skillfully handled. An attorney can assess the value of your claim, negotiate with insurance companies, and, if necessary, file a lawsuit on your behalf.

By understanding the factors that influence personal injury claims, you can position yourself for a fair and just settlement. If you’ve been injured due to someone else’s negligence, the attorneys at Jakubowski, Robertson, Maffei, Goldsmith & Tartaglia, LLP can guide you through the process of making a claim, and help secure the compensation you deserve. Contact us today to request a consultation.