Your Case Value

The answer to this question has a ring of Zen to it. How much is your case worth? Your case is worth what you can get, that's how much it's worth. So what can you get? The answer depends on a variety of things. A good place to start out is a general understanding of the legal concept of damages. Simply put, there are different types of damages that correspond to a particular claim. For instance, punitive damages (or damages to punish rather than compensate) are generally available only when a claim that entails intentional or malicious conduct is proved. Therefore, punitive damages are not available in negligence cases because negligence cases do not involve intentional conduct. Punitive damages are, however, available in fraud cases because it is a claim that necessitates a showing of intent.

The value of a case depends on the type of damages available upon the proof of your claims and the actual amount of such damages (for instance, the amount of your past and future medical bills). The difficulty of proving certain claims and the chance that the defense may be able to prevail with certain defenses, such as comparative negligence, must be factored into any analysis of how much a case is worth. An assessment of damages, though, is a useful first step toward an understanding "what you get."

A useful second step is understanding and accepting that no person alive on the face of this planet can tell you exactly what you might get if your case proceeds to a contested hearing. In the end, you roll the dice. This is the nature of our system and the uncertainty of the outcome of your case is based upon the fact that there are so many variables that go into any contested hearing. Questions to consider:

  • Is the case in arbitration?
  • If so, who is the arbitrator?
  • Is he or she biased toward the victims of injuries or is he or she someone who suspects that most victims are frauds out to cheat the system?
  • Is the case before a judge?
  • Who is the judge?
  • What are his or her leanings when it comes to compensating injury victims?
  • Is the case before a jury?
  • Who is on the jury?
  • Who are the attorneys?
  • How will the parties, the attorneys, and the jury interact?

The most effective way to understand the value of your case is by retaining skilled legal counsel. You can speak with us about your legal matter by scheduling a complimentary case evaluation .

Need more information? Call our Reno personal injury lawyer at (775) 573-0229.

If you're not satisfied with the above guide to case value, it's hard to blame you. Here are some general guidelines for understanding the value of injury cases that may help. Insurance companies (and juries) often look at medical bills before placing a value on a case. The idea (even though in many cases it's a bad idea) is that the higher the medical bills, the greater the damages. In Nevada, insurance companies tend to offer two to three times the medical bills as compensation for victims of car accidents with soft tissue injuries. Although insurance companies often deny it, they do, in fact, use arbitrary formulas such as this to evaluate claims.

Remember, the higher the costs, the less you get and the longer a case goes on, the higher the costs tend to be. Costs are lowest before a case is filed and becomes litigation. After litigation starts, the parties pay court costs, they pay for depositions, and they often pay expert witness fees. The best point to resolve an injury case may be after medical damages are clear but before litigation. This, of course, depends on whether reasonable offers are advanced at that time.

Figuring out when to settle a case is difficult. Nevertheless, factors such as increasing costs, attorney's fees that may escalate close to trial, and eliminating the risk of a contested hearing must be carefully considered. Sometimes settlements are limited to available insurance. Minimum liability limits in Nevada are $15,000.00. People who have minimal insurance often have minimal assets. If policy limits are all there is (and no uninsured / underinsured coverage is available), policy limits are all there is and attention should be directed at minimizing costs and maximizing net settlement.

  • Cases that involve clear injuries such as scars and broken bones are generally worth more than cases that involve soft tissue injuries that can be objectively difficult to prove.
  • Cases that involve permanent injury and wage loss to young people are worth more than cases that involve permanent injury and wage loss to older people. Attorneys argue permanent damages based upon life expectancy.

More About Damages

There are numerous components to any damage claim and, as indicated above, different kinds of damages are available in different cases. One basic type of damages is out-of-pocket loss. This is money that has actually been spent because of an injury: hospital and doctor bills; physical therapy; medical devices; lost earnings; specific property damage (a wrecked auto, for example). A second type of damages is what lawyers call "general damages." These consist of pain and suffering, and the intangible harm that results from any injury. Examples include physical pain that disrupts a person's normal life; inability to participate in sports, hobbies, and other common lifestyle activities; physical difficulties encountered in earning a living; psychological harm (emotional trauma); loss of consortium, love, and support.

Punitive damages
Punitive damages are assessed against parties who act willfully, with malice, oppression, or fraud. Egregious conduct that somehow shocks or offends is generally necessary to support an award of punitive damages. Punitive damages are designed to punish the wrongdoer. In cases where punitive damages are assessed, the court looks in part to the wealth of the defendant to determine the propriety of a punitive damages finding. A fine of $10,000 may mean nothing to a billionaire, and may bankrupt a modest wage earner.

Documenting damages
Keep copies of all medical records and bills. These are the essential evidence of out-of-pocket medical damages. Wage loss can be documented with pay stubs and related business records. Tax returns are often requested.

Insurance
Usually, you make a claim against the insurance company that provides coverage to the party at fault. This is called a "third-party claim" because you are, in essence a "third party" in so far as the other side's insurance policy is concerned. You may also make a claim under your own (first party) medical insurance and property insurance policies. This is a "first-party claim” because, under these policies, you are the party insured and, therefore, you are the party to be covered. If your own carrier pays expenses such as doctor / hospital bills or auto repair bills, they probably have a right of reimbursement against the third party who caused the damages.

In Nevada, individual defendants, not their insurance companies, are named in litigation and juries seldom learn of the existence of insurance. Sometimes insurance companies won't pay even if fault is established. For instance, many insurance policies do not cover intentional acts.

To learn more, call the Law Offices of Steven J. Klearman & Associates at (775) 573-0229 today.

If you have questions, we have answers.

We respond to all inquiries quickly. We can often give you information about your case by email or over the phone.

Send My Information