Placing A Value On Your Personal Injury Claim

Insurance Claims - Placing A Value On Your Personal Injury Claim

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Your medical doctor or Chiropractor has released you from medicine for your motor vehicle urgency and sufficient time has passed so you're about to position yourself to sit down with Adjuster Henry Hard-Nose. His boss is Rock Solid Insurance, the business who insures Fred Fuddle, the private who plowed into your rear end, smashing you with a colossal crash which was responsible for your injuries plus the "Pain and Suffering" you've had to endure.

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Insurance Claims

To be adequately compensated for what you've gone straight through you must have accumulated what's identified in the world of insurance claims as "Special Damages". Those are your medical bills, your Lost Wages plus every dollar paid out to help with your recovery. When building the value of a personal injury claim there are some key elements you should be aware of:

Liability: In the vast majority of motor vehicle accidents it's clear who was at fault. Assuming that Fuddle struck you a distinguished blow in the rear end (rear-enders make up well over half of the motor vehicle accidents that take place in the United States each year) yours is a case that must be settled. (Final Statistics prove that in 83% of accident's that took place in 2003 it's clear who was at fault) !

The very doubtful liability case has little, if any, settlement value. If that's the situation you should derive the services of the local Legal Beagle who does a good job at that, Attorney I.M. Greedy. But, if you do, be very meticulous when you sign Greedy's "Contingency Fee Agreement". Read it closely. Don't sign whatever that will let him payment you one penny, other than his general fee. Do not - - in any way whatsoever - - allow him to chisel any money from you, for his out-of-pocket expenses. All Greedy should be compensated for (if he's prosperous at busting loose some bucks from Rock Solid) is his fee and that should be no more than the usual locally published suitable division of the total recovery.

Type Of Injury: If there are severe injuries (which make up only ten to fifteen percent of all motor vehicle accidents) you should derive the services of a lawyer. But, if you've had minor injuries like whiplash, bumps, bruises, sprains and/or strains (and it's clear you're not at fault) you can handle and rule the claim yourself.

Type Of person You Are: Rate yourself and be brutally honest. You're most likely an midpoint motor vehicle owner/driver, living a general life. But, if you've spent some time behind bars, have a criminal record, or a history of character defects that often get your butt in a jam with the local cops (and this is well-known) you must take those facts into observation when forming expectations with regard to what your case is worth.

The Type Of person Fred Fuddle Is: The good Fred Fuddle looks, or the good the "entity" "(Fuddle's business or company, etc.) appears, the good for Rock Solid. But, if Fuddle is a known bookie or drug dealer, they're in deep "stuff". On the other hand, if Fuddle is a well-loved philanthropist, that can be a plus for Rock Solid Insurance. Or if the vehicle that struck you was a van driven by Pastor Frederick Fuddle, and the named insured is The Fuddle Camp For Lost Souls, that can be a plus for Rock Solid.

But, if the "entity" that hit you was a dilapidated junk pile on wheels operated by Fred "Goof-Ball" Fuddle, and the named insured is The Fuddle Rotted Cow Manure Corporation, that will obviously not be favorable for Rock Solid.

Damages: There are "Medical special Damage" Expenses, "Non-Medical special Damages" Expenses, and/or your "Property Damage" Expenses.

Medical special Damage Expenses: These typically consist of Cost of Ambulance, urgency Room, Hospital and/or Clinic Charges, Chiropractor, and/or Dentist, Over-The-Counter Drugs and/or designate Medications, Laboratory Fees and Services, Diagnostic Tests: X-Rays and (Ct) Scan, Prosthetic Appliances or Surgical Apparatus, (Cranes & Crutches), corporal Therapy, Registered and/or Practical Nurse Fees, Ace Bandages, Gauze and Tape, Heating Pads, Creams, Lotions, Ointments, Balms and Salves.

When it comes to listing your medical special Damage "expenses" don't overlook one particular dollar because, when it comes time to rule your claim, that dollar can growth the value of your payment for "Pain and Suffering" by a multiplier of four or even five! (Yes, that means a .00 bill can be worth .00 to 0.00 more ,in your pocket, from Rock Solid Insurance, at settlement time).

Non-Medical special Damages: These typically consist of Lost Wages and Earnings, Lost Vacation time and/or Sick Leave, travel Expenses (car rentals, communal transportation, expenses incurred getting to and from your Chiropractor and/or hospital and/or corporal therapy "treatment" of some sort) Household Help while disability and/or Child Care. Be sure to derive written proof of such "Non Medical" special Damages.

Lost Wages: The income you lost, because you were unable to work, is an area where adjusters take terrible advantage of the typical claimant because they know so little about it.

Commissions and overtime can make a huge dissimilarity in your lost earnings. Be sure to get a letter from your employer, on their valid letterhead, explaining that in detail. Or, if you're self-employed, get this facts stated on your accountants letterhead.

The time you miss from work (thus the money you may have lost) is calculated and this element constitutes what is known as "Lost Wages" or "Lost Time Verification". In most situations you're entitled to payment for lost time and earnings, even if you have no actual loss of money! Such as, for example, when your wage is paid by your business insurance coverage, or by taking sick leave, or some similar arrangement.

Even if you're salaried you should derive a "Lost Earnings", or "Time Lost Verification", in writing on your employer's letterhead.

If You'Re Self-Employed: To prove your lost income you'll probably have to assemble some inside facts for Hard-Nose. If you don't like the idea of submitting private documents to him, in the privacy of your home or office, just think how you'd feel about producing them in the non-private environment of a courtroom. When a case goes to trial, and if you want to prove your damages so as to derive sufficient compensation, that's your only alternative.

Two vital Areas with regard to Lost Wages: Did the injury necessitate a turn of job or employment at a lesser rate? Or, did the injury allow your going to work but only on a part-time basis? If the retort to either question is "Yes", it would be wise to ask your boss to document these facts on their letterhead.

It'S Crucial For You To Know: Even if you've been paid while out of work, you can still compute your time lost from work as "Lost Wages" .

Property Damage Expenses: These typically consist of Motor vehicle Repair, Damaged Clothing, Broken Glasses, cost of Substitute Car Rentals, Towing and Storage. Make copies of all bills relating to any of your property damage expenses. Keep the originals. Be sure to have these in your ownership when you and Hard-Nose plunk yourselves down to "Talk Turkey". Photocopies are sufficient to give him.

Your Age: Because of their positive innocence, insurance claim urgency victims, up to the age of 12, ordinarily have perfect settlement results. Those in their teens, and into their late 50's, fall into a fairly general class because they're ordinarily carefully to be at the height of their corporal stamina. Those in their late 60's, and over, usually fare very well; primarily due to the condolement that's often invoked, from a judge or jury, because of general attitudes with regard to frailty and the elderly.

Most foremost To Remember:The facts Hard-Nose places into your file plays a major role in the greatest value of your claim. Never underestimate the significance of his impressions and conclusions! Should, one day, your case ends up in front of a judge, or jury, what Hard-Nose feels, observes and then reports into your file at Rock Solid about you, his insured Fred Fuddle, and/or inherent witnesses, etc., (in addition to the facts you've documented for him) could have weighty sway on the value of your claim - - especially if Fuddle is a loser and he's easily in the wrong. At that point the only thing stalling a settlement is the estimate of money it's going cost to get rid of you.

And, should your file end up in the hands of the local defense attorney for Rock Solid Insurance, all the positive factors about you, your injury and liability, will cause him to gasp, "Hey, what's going on here? My legal fees will be higher than the few hundred more bucks this one can be dumped for."

The lowest line: Your out-of-pocket expenses correctly recorded and presented, your injury facts properly documented and your lost wages clearly established will seriously growth the dollar value of your personal injury claim.

Question: How does Dan know this to be true? Answer: "Because for 38 years Dan was right there, where he saw and done that" !

Copyright (c) 2005 by Daniel G. Baldyga. All ownership Reserved

Disclaimer: The purpose of this "How To" insurance Claim narrative "Placing A Value On Your Personal Injury Claim" is to help people understand the motor vehicle urgency claim process. Dan Baldyga does not make any guarantee of any kind whatsoever, Nor do they purport to engage in rendering any professional or legal service, Nor to substitute for a lawyer, an insurance adjuster, or claims consultant, or the like. Wherever such professional help is desired it is the Individual'S responsibility to derive said services.

Dan Badlyga has had 3 "How To" insurance Claim books published, the last being Auto urgency Personal Injury insurance Claim (How To value And rule Your Loss) which can be found on the internet at http://www.caraccidentclaims.com or http://www.autoaccidentclaims.com.

This book explains, in straightforward language, "How To" handle your motor vehicle property damage and/or personal injury claim. It also contains Base (The Baldyga Auto urgency settlement evaluation Formula). The Base method will interpret how to rule the value of the "Pain and Suffering" you endured - - because of your motor vehicle urgency injury!

I hope you obtain new knowledge about Insurance Claims . Where you may put to use within your daily life. And most of all, your reaction is passed about Insurance Claims .