How Much Is My Car Accident Case Worth?
If you were injured by the carelessness of another driver, you likely have many questions and concerns. Among other things, you may wonder exactly how much your auto accident case is worth. If you pursue a personal injury lawsuit, are you likely to receive $1,000, $10,000 or $1 million?
At the Adler Firm, PLLC, we are here to answer your questions and help you recover full and fair compensation for your injuries. Since 1986, our lawyers have been representing people like you in Detroit, Traverse City and across Michigan. We have a record of obtaining more than $300 million in verdicts and settlements.
You Must Take Many Factors Into Consideration
No two people are alike, and no two car accidents are alike. Because every case is unique, you can’t base the value of your case on what anyone else received in the past. The value of your particular case will be based a wide variety of factors, including:
- The nature and severity of your injuries
- The length and type of medical care you require
- Your physical pain and suffering
- Your emotional damages
- Lost wages from time off work
- Your age
- Any pre-existing conditions
- The other party’s liability
- Any contributory negligence
Sometimes the Other Party Can’t Pay Enough
The other party’s ability to pay is another important factor that affects how much money you can receive in a personal injury case. Sometimes the at-fault person simply doesn’t have enough insurance coverage to pay for all the damages related to the accident.
For instance, you may be entitled to claim $1 million for all your financial losses and pain and suffering. However, if the at-fault party only has $20,000 in insurance coverage (the minimum coverage amount required by law in Michigan), he or she may only pay a fraction of what you deserve. In these cases, uninsured or underinsured motorist (UM/UIM) coverage that you can purchase from your insurance company would make up the difference between what you are entitled to and what the other party has in insurance coverage to cover their liability to you.