How Much is My Case Worth?
This is usually one of the first questions clients ask us. The short answer is we can’t tell you your case worth right away. Every case is unique. It’s an annoying cliche, but it’s true.
If you have a claim, you would need to sit down with your attorney and discuss the circumstances of your case. The attorney can begin to decide what evidence supports your claim. They will examine your circumstances in detail. An attorney will use this information to establish what amount of money will cover your damages. Then they will compare that amount with how much money is expected from going to trial or settling.
Accounting for Possibilities
Sometimes the amount you need to cover damages is more than what you could expect from a settlement. For example, let’s say you were involved in a car accident that was not your fault. The attorney must determine how much liability insurance the other driver had. In Louisiana, the minimum limit is $15,000.00 per person and $30,000.00 per accident. Other individuals may hold higher liability limits on their applicable policy.
Other times, the other driver’s insurance policy is not enough. The attorney must then determine whether the vehicle you were in during the accident has uninsured or underinsured motorist coverage. This means that you may be able to pursue action on the UM/UIM policy if the other driver’s insurance coverage is inadequate.
Every lawsuit has different circumstances that can change the value of your case. Sometimes for the better or for the worse. This is the main reason it is very difficult to determine the value of your case at the beginning of the claim process.