My Personal Injury Case is Worth What?

If you’ve been hurt in Oregon, you are probably wondering ways to determine the worth of your case? The insurance adjuster will most likely make you a low offer to settle the claim, however what’s really reasonable?

The quantity of money for a case is identified by the “damages.” Damages is simply a legal term for the money you are owed for property damages, medical treatments, lost salaries, pain and suffering, etc. In Oregon, personal injury victims are qualified for several different types of damages. The first are compensatory, which is the most common type of settlement award given. These damages are granted to compensate injury victims for:

Medical Treatments
Lost Income (and Future Wage Losses).
Residential or commercial property Loss (inc. Diminished Value).
Pain and Suffering.
Loss of Enjoyment.
Loss of Consortium.
Psychological Distress.
Some of these are more difficult to show than others. For home damages, for example, you can reveal your insurance coverage adjuster the costs to repair your vehicle, but for psychological distress, it can often be tough to supply proof of injury. But a great accident lawyer can assist you show the insurance company that your life has been greatly affected the mishap which payment is required.

To determine the worth of your case, you have to take a look at all these aspects and concern a reasonable financial value. Prior to speaking to the adjuster, nevertheless, it is typically advised that you multiply this number by 1.5 – this is so that when the adjuster provides an incredibly low settlement amount (which is possible), you will have a high figure with which to start settlements.

In Oregon, there are also laws to secure injury victims with smaller sized cases. In many states, lawyers do not wish to take smaller cases since 1/3 of a couple thousand dollars is not worth the effort needed to settle. However in Oregon, the law ORS 20.080 needs that if an insurance company makes an unjustly low deal to a client, the client can get a lawyer – and the insurance provider will then have to pay the lawyer’s costs for that client. This ensures that insurance companies need to pay when they aim to benefit from injury victims in Oregon.

The 2nd type of damages are called punitive damages, and these are rare. In Oregon, the state will take 60% of all punitive damages anyhow as a tax, however most judges and juries will not award compensatory damages unless the defendant has actually done something really heinous and wrong. In 99% of cases, compensatory damages are not even part of the settlement value formula.

If you still need assistance figuring out the value of your Oregon personal injury case, we suggest calling a personal injury attorney. While you may feel you can make a sensible quote for your own case, personal injury lawyers are trained to do so and have the benefit of understanding the Oregon state laws and case history.

Kate Stebbins trial lawyer is a highly-esteemed injury attorney in Portland, Oregon. He has first-hand experience with many different types of injuries, and has actually made it his objective to prevent as many injuries as possible with his safety guides and resources.