10 May These 5 Things Can Affect How Much a Personal Injury Case is Worth (Pt. 2)
Picking up from where These 5 Things Can Affect How Much a Personal Injury Case is Worth (Pt. 1) left off, here, we’ll point out some more of the things that tend to impact the value of personal injury cases. And, remember, you can get a free case evaluation from a Phoenix personal injury attorney at the Law Office of Richard Langerman.
More Things that Can Affect the Value of Personal Injury Cases
In addition to the extent of people’s injuries and the doctors they choose, other things that can affect how much a personal injury case is worth include (but are by no means exclusive to):
3 – How long people wait to proceed with their cases
In Arizona, there is a two-year statute of limitations for filing personal injury claims. This means that people typically have two years from the date of their accident or injury to file their case.
Because people can be more concerned about their physical and psychological recovery after sustaining personal injuries, it’s not uncommon for injured parties to put off looking into their legal options for financial recovery. In some cases, this can end up hurting people’s claims, as it may lead to:
- Less available evidence to support the claim (especially if most of the evidence is witness testimony, witnesses end up moving or forgetting the details of the event, etc.)
- The statute of limitations running out, in which case injured people would lose their opportunity to pursue compensation via a personal injury claim.
4 – Whether the defendant is an individual or corporation
Who the defendant in a personal injury case is – namely whether it is a person or company – is another factor that can affect the value of personal injury cases. This is generally because:
- Individuals may have less available resources to adequately compensate injured parties
- Corporations may have additional culpability, especially if they have a history of causing people to sustain personal injuries.
5 – Whether punitive damages may be available
When punitive damages are available, the value of personal injury cases can greatly increase. Punitive damages, which are distinctly different from the compensatory damages intended to compensate victims for their injuries and losses, are meant to punish negligent parties.
In some cases, punitive damages can be double, triple or more than the compensatory damages in a given case.
Although punitive damages are not available for every type of personal injury case, they can come into play with cases associated with insurance bad faith, products liability, etc.
Phoenix Personal Injury Attorney at the Law Office of Richard Langerman
Have you or a loved one been hurt by another’s carelessness or negligence? If so, an experienced Phoenix personal injury lawyer at the Law Office of Richard Langerman is here for you, ready to fight for your rights to compensation and justice.
To set up a free, no obligations initial consult with a Phoenix personal injury lawyer, call us today at (602) 240-5525 or send us an email using the contact form at the bottom of this page.
From our offices in Phoenix, we provide superior legal services and representation to clients throughout the state of Arizona.