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Understanding Personal Injury Claims & Compensation Valuation

What is the value of my personal injury claim?

There are a lot of factors that go into determining the settlement amount for a personal injury claim. Insurance companies look over several factors related to your case to determine your claim’s value.

Liability & Damages – Who Pays and What Do They Pay for?

The person who is liable for the accident, and therefore their liability insurance company are required to pay the damages for your claim. Many of these damages have traceable expenses like bills and include:

  1. Medical Expenses
  2. Income Loss from Missed Work
  3. Permanent Damage & Disabilities
  4. Property Damages

 

Pain & Suffering – Overview

The value of some damages, like pain and suffering or missed experiences/opportunities is calculated differently than the traceable expenses. For these damages, many insurance companies will use one of two methods: the multiplier or the per diem method.

 

Multiplier method:

An insurance company that uses the multiplier method to determine the value of personal injury claim takes the traceable expenses and assigns a multiplier number based on the severity of the injury. Historically speaking, this number is usually between 1.5 and 5, and sometimes higher, if the damages are more severe. Some of the factors that determine severity are:

  1. How obvious the fault of the liable party is.
  2. Severity of the injuries
  3. Strong evidence to support the claim of pain and suffering (Verified Documentation)
  4. How long the recovery period will be.

 

Per Diem Method

The Per Diem (“By the Day”) method assigns a certain dollar value per day to be paid over a plaintiff’s recovery period, until they reach a point called “Maximum Medical Improvement.” This means you have reached a point where your condition cannot be improved anymore. If a doctor says it is going to take 150 days to reach maximum medical improvement, and the insurance company assigned a Per Diem value of $100, then your pain and suffering damages would be $15,000.

 

Pain & Suffering – Verification Process

An insurance company needs to verify any claims of pain and suffering. This is typically done by corroboration from medical professionals such as doctors, therapists, & psychiatrists as well as personal accounts from friends and family.

 

Settlement

Once an insurance company has calculated all the damages, they will make a settlement. If you are unsure whether the determined value of your personal injury settlement is high enough, you can always talk with an lawyer at the Scranton Law Firm. We provide legal advice for all personal injury cases, and our lawyers are here to fight for you if we believe you are being low-balled.

Call, Text or Email for a Free Legal Consultation

Contact our California personal injury lawyers for a free case review. Tell us about your injury and we will determine your next steps.

Scranton Law Firm Reviews

Broc Bridges
In 2019 I was involved in an automobile accident where the other driver ran a stop sign. I suffered a breastbone fracture which left me with agonizing...
Jamie R has been so very helpful in settling my automobile claim. Thanks to her for her calm demeanor and responsiveness. It nice to have someone to take...
Ivy Oakz
Rosa Quiroa
Mark Kalinowski
Very personable
JOSUÉ GLEZ
Roman Gómez,y Erika Mendez excelente persona ,y el abogado louis g beary ,me ayudó en todo el momento en mi caso,se los recomiendo
Great law firm. They work really hard to get you what you deserve. I was so glad to have them on my side.
Erin Matushenko
Bob has been an excellent source of professional meets personalization. He listens and focuses on what’s at hand, which is you! Highly recommend him to whomever is in need of top notch representation.
Anne Consono
Top Notch company 👌💪 Fought hard for my husband. Very positive experience. You want them on your side. Kudos to Nikki the assistant!!
Tamara Soliz
Fair, helpful and great communication. They walked me through the whole process and made sure I was taken care of. Would highly recommend to friends and family.
Toni M
roxanne Cichon
*jEsSiCa rAyMoNd*
A no hassel experience. Pleased.
Robert Leblond
Very professional firm. My lawyer was Lou Berry. We worked well together.
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Mamie David
Keith Dukes Jr.
Jeff Asher
Without the help of Scranton Law Firm I would never recovered a dime from my insurance company on a hit and run accident where the insurance company refuse to pay on a uninsured motorist policy they got them on a technicality and they had to pay up. Thanks Scranton Law Firm you guys are the best
Heather Miller
Scranton Law firm did a great job with my case. All my questions were answered in a timely manner and always with a sense of urgency. My dad was recently in...
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Great experience, will always recommend. Every question I had was always answered in a timely matter and with a sense of urgency.Thank you Scranton Law Firm!
Pebbles Raindrops
Bridget Florez
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Roman is awesome! He stays on top of things & keeps you updated. I’d recommend him to anyone! Thank you for helping me & always calling/texting back.
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Friendly and professional as well as speedy.
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I had a great experience with Scranton law firm Karl and the whole team were efficient and they treat you like family I would definitely recommend them!
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Above and beyond service!!!
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George Lucas
My experience was great the attorney I had prior to Stratton was only going to ask for 50,000 and and he told me my case was not looking very good I went to Stratton and they got 150,000 for the case I I was very happy with him
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Melissa
Pleased with their Professional Service, quick response and satisfactory outcome.
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Miguel me ayudo mucho y podia a comunicarme con el por textos, a veces es muy estresante pelear con la Aseguranza y el me recomendó ir a corte de delitos menores y lo logre, me pagaron todos los rides que yo tuve que conseguir por 3 meses que la Aseguranza me estuvo ignorando y la mujer que me choco me insultaba por textos telefónicos ahora tuvo su merecido
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Great people who have your interest inhand. They work hard for you and get results.Thanks againCharles A. Akers
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I had a great experience with Scranton law firm. After I got hit by a drunk driver and my car was totaled, they took care of everything was needed to get reimbursed for my loss and expenses. I couldn't have done it without their firm.
Cristal Partida
Chris Ackermann was very friendly and helpful! Constantly kept us up to date on our case, I would definitely recommend Scranton Law Firm to anyone that's been involved in a MVA! Well deserved 5 STARS!!! Thank you for your service!
Ed Ward
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Allen Shin
Scranton Law Firm has assisted us with our accident case promptly, courteously and professionally as possible to reach a settlement that we deserved.
Tawny Adams
hound puppy10
Case is pending. Hopefully this will remain 5 stars. But, thus far, they've been terrific.
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Andy Boggeri
They help me and we're professional.
Ghafoori AhmadShah
Cristal Partida
Excellent experience! Everything was done over the phone! Chris Ackermann did a great job keeping us up to date with our case and was extremely helpful and answered any questions we had. We are very grateful for all the work they put into our case and I highly recommend people to go here if they need an attorney!
Linda Estes
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J Max
J Max recommends Chris Ackerman & Attorneys as much as I can whenever its possible. Its real simple go to the Super-Pros and get thejob done!!!
Douglas M Pineda Jr
Dre Blak
Their staff is wonderful, especially Esme, Heidi and Lissethe! Those ladies are the best!
Please Please Give These Guys A Call If You Are In Need. They Work For You, Not Themselves,
I guarantee it & I should Know.. Victor Lawson
Who are you goings to calls ?
If you have been in an accident Scranton Law Firm is who you want to talk to bottom line.
In January, my husband and I were looking for a divorce attorney. We knew exactly how we wanted the divorce to be handled and all we needed was someone to...
Mose White
Vikas Khanna
Ron D
They take care of business, i left a another firm because they were still on a Dog bite claim for 8 months. I transferred my case to Scranton done in 3 months.. Thanks gentlemen!
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Joe So
It was great to know I was in good hands. I could not of asked for more from the attorney that help us. I'd for sure refer Bill and Kristina out to anyone.
William Galvez
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