How Insurance Companies Value a Connecticut Personal Injury Claim

There is no one-size-fits-all formula for determining the value of your Connecticut personal injury claim. The amount of compensation you may be entitled to depends on your injuries, how the accident occurred, any time you missed from work and many other factors.

An insurance company will place a value on a claim by first assessing how much money you have spent or lost as a result of your injuries. These are considered monetary damages. Nonmonetary damages, such as physical and emotional pain, are difficult to value.

To put a value on nonmonetary damages, an insurance adjuster will usually add up your medical expenses, which are called special damages. The adjuster will use this figure to calculate your general damages, which are nonmonetary damages.

If your injuries are minor, the insurance adjuster might double your special damages. If your injuries are severe and the pain is excruciating, the insurance adjuster might multiply your special damages by as much as 10.

Damages for lost wages will be added and then the insurance company will have a figure around which to begin negotiations.

It would be in your best interest to have a Connecticut personal injury lawyer handle these complex negotiations. A lawyer can help you seek any and all compensation you may be entitled to recover. Additionally, if your insurance company refuses to present you with a fair settlement, your lawyer will be prepared to take action in court on your behalf.

To learn more about determining the value of a personal injury claim, visit our article library.

Contacting a Connecticut Personal Injury Lawyer

A Connecticut personal injury lawyer can help you maximize the value of your personal injury claim. A severe injury can change the course of your life and impact you and your family for years to come. The Connecticut personal injury lawyer team at Glass, Lebovitz, Kasheta & Bren LLC is focused on helping you build a claim that accounts for all the damages you have suffered after a serious accident. To learn if you have the grounds for a Connecticut personal injury case, contact us today at 860-257-1000.

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