What Is Claim Worth & Why Does Someone Pay For It?

If you are a victim of personal injury in Manassas, Virginia, you may have heard the term “claim worth.” But what exactly does it mean, and why does someone have to pay for it? In personal injury cases, claim worth refers to the monetary value of the damages the injured party has suffered. 

Claim worth includes medical expenses, lost wages, property damage, and pain and suffering. Essentially, it is the amount of money that the victims receive to compensate for the damages they suffer. But, how is the claim worth calculated?

Calculating Claim Worth In A Personal Injury Case

In Manassas, Virginia, calculating claim worth can be a complex process, and it is typically done by an experienced personal injury attorney or insurance adjuster. They will take into account a variety of factors, such as the severity of the injuries, the length of recovery time, and the impact of the injuries on the injured party’s life. This includes both economic and non-economic damages.

Economic damages are those that have a specific cost, such as medical bills, lost wages, and property damage. Non-economic damages are more challenging to compute including pain and suffering, trauma, emotional distress, and loss of enjoyment of life.

The total value of your damages will be the basis for negotiating a settlement with the at-fault party’s insurance company, or for determining the amount of damages you may be awarded if you win your case at trial. So, who pays the claim worth in a personal injury case? 

Who Pays The Claim Worth?

Typically, it is the at-fault party or their insurance company who is responsible for paying the damages. For example, if you were hit by a driver who was texting and driving, their insurance company would be responsible for paying your claim worth.

However, it’s important to note that Virginia allows “contributory negligence.” It means that if the injured party is found to be even partially at fault for the accident, they may not be able to recover any damages at all. This can make it more difficult for injured parties to receive compensation and underscores the importance of having an experienced personal injury attorney on your side.

It’s also worth noting that Virginia has a statute of limitations for personal injury cases. This means that you only have a certain amount of time to file a claim after an accident – typically two years from the date of the accident. If you wait too long to file a claim, you may lose your right to do so. Learning about the steps to take can maximize compensation and ensure a successful claim.

How Can You Ensure A Successful Personal Injury Claim?

To maximize your chances of receiving fair compensation for your injuries, it’s important to take certain steps after an accident. First, seek medical attention right away, even if you don’t think your injuries are serious. This will not only ensure that you receive the care you need but will also create a record of your injuries that can be used to support your claim.

Next, gather as much evidence as possible. This can include taking photos of the accident scene, getting contact information from any witnesses, and keeping track of any expenses related to your injuries. If you can prove that the other party was at fault for your injuries and the extent of your damages, you can have compensatory damages. 

Compensatory damages are designed to compensate you for your losses. They may include damages for your medical bills, lost wages, and pain and suffering. Also, you may recover punitive damages designed to punish the wrongdoer and deter future misconduct. They are typically only awarded in cases where the defendant’s conduct was particularly extreme.

Finally, talk to an experienced personal injury lawyer in Manassas, Virginia as soon as possible. They can help you navigate the complex legal process, negotiate with insurance companies, and ensure that your rights are protected throughout the process. Contact The Irving Law Firm today to schedule an evaluation.

Get The Compensation You Deserve

At The Irving Law Firm in Manassas, Virginia, experienced personal injury attorneys are dedicated to help their clients. It includes getting the maximum compensation they’re entitled to for their personal injury case. They even offer free case evaluations and no fee unless they win your case. So, if you require legal help, don’t hesitate to call them today.

Summary

In conclusion, claim worth is a crucial concept in personal injury cases in Virginia. It refers to the monetary value of the damages suffered by the injured party and is typically paid by the at-fault party or their insurance company. 

However, Virginia’s contributory negligence law can make it more difficult for injured parties to recover damages. By taking the right steps after an accident and working with a skilled attorney, you can maximize your chances of receiving fair compensation.

To Become A Personal Injury Expert, Click Here