Insurance companies will sometimes use the urgency of people's medical bills, lost wages and other financial hardships to their advantage by undervaluing initial settlement offers and failing to provide adequate coverage for the entirety of an injured person's needs. They do this because they know how eager claimants are to receive settlement money.
You may have already tried working with an insurance company and been told that certain types of injuries are valued in specific ways. It is true insurance companies offer various settlements for different injuries (i.e., temporary versus permanent injuries, broken bones versus disfigurement or wrongful death), but how do you truly value the long-term consequences of your injury?
There is no mathematical formula for valuing a personal injury. The five main factors most insurance companies use to determine the value of your case are:
Ultimately, your case is worth what a jury says it is worth, because that is where your case ends up when negotiations with the insurance company break down. You need to know that the lawyer who represents you can litigate your case to a verdict if a trial is necessary.
Anticipating And Breaking Down Obstacles You Face In Personal Injury
Attorney Richard Gallone of the Law Office of Richard Gallone, P.C., has more than 30 years of experience handling a variety of complex injury cases in both Massachusetts and Rhode Island.
We are a plaintiff personal injury firm that exclusively represents people who are injured by the negligence of another. Whether you suffer from a car accident injury, neck or back injury, spinal cord injury, a burn, or a fatal injury to someone you love that has left family members with a claim for wrongful death, we have the know-how to get you the maximum amount of compensation you deserve.
When you work with our firm, we will aggressively pursue compensation that reflects both what you need today and what you will need for years to come, whether that involves ongoing medical treatment, lost wages, lost income from employment or vocational challenges, or the loss of quality of life and mobility due to a permanent disability.
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We love what we do because we get to truly help people through trying times in their lives. Even if things seem overwhelming now, remember we're here to help you. Contact our office in Warwick, Rhode Island, for the quality representation you need to get results.