Determining the value of a case is difficult and contingent on several variables.
Personal injuries can be life-changing and have long-lasting effects on an individual’s well-being. If you have been injured because of someone else’s negligence or intentional conduct in Indiana, you may be entitled to compensation. But how can you determine what your personal injury case is worth in Indiana?
To determine the value of your personal injury case in Indiana, you need to understand the concept of damages. Damages are the financial compensation awarded to the injured party to compensate them for the losses suffered as a result of the accident or incident. Damages can be divided into three categories in Indiana: economic damages, non-economic and punitive damages.
Economic damages are tangible losses that can be easily quantified. They include, but are not limited to: medical expenses, lost wages, property damage, and future medical expenses. Non-economic damages, on the other hand are intangible losses and they include pain and suffering, mental anguish, loss of enjoyment of life and loss of consortium. Punitive damages are intended to punish a defendant and are only awarded in situations where the defendant acts with malice (intent to cause harm) or gross negligence.
Once you have determined the value of your damages, the next step is to negotiate with the insurance company. The insurance company will try to pay you as little as possible. They have a team of lawyers and adjusters whose primary goal is to protect their client’s interests, not yours. It is vital to have a skilled personal injury lawyer on your side to negotiate with the insurance company. A lawyer can help you to avoid accepting a low-ball settlement offer that does not cover all your damages. They can also help you to understand the value of your case and negotiate a fair settlement.
If the insurance company is not willing to offer a fair settlement, you may have to file a lawsuit to recover your damages. Filing a lawsuit can be intimidating, but it is sometimes necessary to obtain full compensation for your losses. In Indiana, the law allows you to file a personal injury lawsuit within two years from the date of the accident or incident. It is important to note that the statute of limitations is strict. If you fail to file the lawsuit within this time frame, you will essentially be barred from recovering any compensation.
Determining the value of your personal injury case in Indiana can be a complicated process. However, with the help of an experienced personal injury lawyer, you can navigate the legal system and recover the compensation to which you are entitled. Remember, you don’t have to go through the process alone. If you’ve been injured in an accident, it’s essential to contact a personal injury lawyer as soon as possible to protect your rights and begin building a strong case.
If you are not sure if you need an attorney after an accident, be sure contact a personal injury attorney at Hurst Limontes LLC and we will assess your case at no cost to you.
Call 317-636-0808 or email us for a FREE and confidential consultation.