The first question New Jersey injury lawyers often hear when taking a case is, “How much is my claim worth?”
The actual value of an accident claim depends on a variety of factors, including the victim’s losses in the accident, type of insurance coverage involved and liability. Determining these factors helps identify a specific dollar amount when approaching an insurance company for a settlement.
Economic Loss in an Accident
In New Jersey, a personal injury victim may usually pursue an at-fault party for economic losses sustained in an accident. These losses can be medical expenses resulting from physical injuries, damage to property or wages lost from an inability to work while recovering. A lawsuit may also include the loss of potential future wages if a plaintiff’s injuries create an inability to carry on in a profession or chosen career path.
Economic loss is a quantifiable financial figure with minimal guesswork involved. An attorney can present medical bills and estimates of lost wages to an insurance company to prove this loss, which can act as the basis for a settlement figure.
New Jersey Comparative Negligence Rules
The New Jersey Modified Comparative Negligence Act limits a person’s ability to recover damages in an injury claim. A personal injury attorney in New Jersey understands that a client can only sue for damages if he’s ruled to be 50 percent or less at fault for the accident. Once a person’s negligence reaches 51 percent, he forfeits any rights to claim damages even if the client sustained injuries and economic losses in the accident.
Determining the worth of a case is tricky and any figure presented by an attorney is an estimate until the jury comes back with a settlement verdict or the insurance company agrees to a settlement to avoid trial. There is a lot to consider when trying to determine how much an injury case is worth, and it can be very difficult to put a dollar amount on the injuries you suffered. Fixating on a specific dollar amount takes away from the focus of the case, which is the client’s physical recovery and long-term wellbeing.

