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 attorney at the Scranton Law Firm. We provide legal advice for all personal injury cases, and our attorneys are here to fight for you if we believe you are being low-balled.

Call The Scranton Law Firm For A Free Legal Consultation

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

Scranton Law Firm Reviews

JOSUÉ GLEZ
18:19 28 Jan 20
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
Sean W.
18:48 29 Jun 19
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
21:30 27 Jun 19
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
02:03 08 Mar 19
Top Notch company 👌💪 Fought hard for my husband. Very positive experience. You want them on your side. Kudos to Nikki the assistant!!
Tamara Soliz
01:59 13 Dec 18
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
21:31 11 Dec 18
roxanne Cichon
08:48 08 Dec 18
*jEsSiCa rAyMoNd*
00:16 07 Dec 18
A no hassel experience. Pleased.
Robert Leblond
22:47 06 Dec 18
Very professional firm. My lawyer was Lou Berry. We worked well together.
Barbara Linares
01:45 05 Dec 18
meg razo
00:53 29 Nov 18
Mamie David
22:36 26 Nov 18
Keith Dukes Jr.
03:56 20 Nov 18
Jeff Asher
07:02 13 Nov 18
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 Jarrett
21:25 08 Nov 18
Erika W.
18:30 08 Nov 18
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...
Erika W.
02:13 06 Nov 18
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
17:25 30 Oct 18
Bridget Florez
22:19 15 Oct 18
alyssia lujan
00:53 29 Sep 18
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.
Martha Vasquez
15:16 21 Sep 18
Joel JR Jacobo
04:39 20 Sep 18
Damon Fobbs
14:31 16 Sep 18
Caleb Martin
20:04 13 Sep 18
Friendly and professional as well as speedy.
King Mills
19:54 13 Sep 18
Camille Rossignon
01:00 12 Sep 18
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!
Ricoberto Ornelas
04:22 11 Sep 18
Above and beyond service!!!
Tarsa
15:21 08 Sep 18
Lexi Brantley
13:39 08 Sep 18
Karinda Elliott
05:06 08 Sep 18
George Lucas
22:31 07 Sep 18
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
Megan Downum
03:51 07 Sep 18
Rachel Wilson
05:33 06 Sep 18
Maria Ortiz
18:14 05 Sep 18
Melissa
02:11 05 Sep 18
Pleased with their Professional Service, quick response and satisfactory outcome.
Marisol Cardenas
17:43 01 Sep 18
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
LOLA NORGON
19:12 31 Aug 18
Benjamin Van Vuren
02:46 26 Oct 16
Zach Thompson
18:47 25 Oct 16
Dalton Miesen
05:58 12 Aug 16
Great staff! Very helpful and knowledgable!
I recommend this firm 100%. If you are injured just call... They will help you!!
Juan Spencer
18:53 22 Jul 16
Their staff is wonderful, especially Esme, Heidi and Lissethe! Those ladies are the best!
Victor Lawson
01:24 17 Mar 15
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
Jose Chavez
04:47 20 Jan 15
Edgar Conde
04:55 18 Jan 15
Jose Murillo
15:25 09 Jan 15
Bobby Cook
19:46 03 Jan 15
Who are you goings to calls ?
Jason Molino
01:50 30 Sep 14
If you have been in an accident Scranton Law Firm is who you want to talk to bottom line.
Yesenia Fernandez
05:20 06 Jun 14
Bigboy Juarez
12:54 31 Mar 14
Trina Mari Moreno
20:48 05 Feb 14
Kevin Hallmeyer
23:20 03 Jan 14
Josie Hudson
20:28 28 Dec 13
Christian Scranton
06:55 11 Dec 13
Renae Paige Switzer
05:03 04 Nov 13
Tobias Graham
02:38 02 Nov 13
Laura Cowles
06:56 29 Aug 13
Justin Dansereau
00:54 25 Aug 13
Everything
Colleen B.
14:16 11 Aug 08
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
20:15 22 Nov 19
Vikas Khanna
03:04 19 Jan 19
Ron D
03:03 11 Dec 18
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!
michelle pitts
22:28 29 Nov 18
Kevin Breston
05:48 20 Nov 18
Cassandra Mccoy
20:57 25 Oct 18
gtliang
02:03 25 Oct 18
Raymond Lee
02:49 21 Sep 18
Dan Burch
10:51 11 Sep 18
Muscle Maker Grill
01:00 07 Sep 18
Melody Santos
04:07 02 Sep 18
Kenneth Zelenka
05:14 01 Sep 18
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