Personal Injury Claims - How Insurance Companies Place a Value Your PI Claim

A San Juan Capistrano, Personal Injury Attorney'scomes from an injury that causes pain. Report ALL
Advice:of your pain to your doctor. The second type of
All insurance companies have different methods forinjury is one that causes functional loss. That means
placing a value on your claim, but there are a fewany condition after an accident that limits your normal
factors that are constants in every case. Thefunctioning level in daily activities at home, at work
insurance company will be looking at any propertyand at play. For example, if you can't turn your neck
that was damaged, physical and or emotional damagefully after an accident, then that is a limiting function
to you, both long and short term, medical bills, andthat should be reported to your doctor.
other damages.Remember, it is in the insurance company's best
In an auto accident, the current value or selling priceinterest to set a lower value on your claim than you
of a car comparable to yours is the biggest part ofwill want, since they want to limit the amount they
this puzzle. Rarely will compensation be larger thanhave to pay out. It will be up to you (or your
the asking price of a car similar to yours. Age,attorney) to build the case for your claim to be a
condition and mileage of the car factor into thehigher value.
current selling price of that car.They key to building your case will be careful
If you are quoted a price for your car that you dodocumentation of everything involved in your case.
not agree with, you should contact the claimsKeep diligent records of every expense, every
adjuster. If you have done specialty work to the car,doctor's visit, every loss you feel you have suffered
or have added a large value of accessories, such asdue to the accident. The more organized and
custom paint, stereo equipment, etc. be ready toprepared you are, the less "wiggle" room an insurance
provide receipts for the money you spent on thosecompany will have in negotiating your settlement. For
accessories. It is also a good idea if you do heavilyexample if your case is based on your memory
accessorize your car that you photograph thealone, or just verbal statements of losses, you case
accessories and include them on your auto insurance.may have much less value, than if you had organized
Medical bills, if applicable, are factored in separately.receipts, photographs, witnesses' statements, etc.
These are usually ranked in severity and long term,The negotiation process can be very stressful and
lasting effects. For example, trips to the ER wouldconfusing if you are not used to dealing with these
pay higher than regularly scheduled doctor visits.types of situation. Remember, to, that the insurance
Likewise, an injury that took or will take a long timecompanies have people on staff who's job it is to be
to heal is more "valuable" than an injury in which thethe best at lower the exposure (financial losses) to
victim recovers quickly.the insurance company - they are NOT in business to
It is very important that the doctors are told everybe sympathetic to you or your situation. It is strongly
detail about ALL injuries that may have been causedrecommended that you hire an attorney who
in the accident. The value of a case increases whenspecializes in personal injury cases.
the doctor assigns more than one injury code to aIt is both an art and a skill in successfully negotiating
patient at the time of the first examination. Thesea personal injury settlement with an insurance
injury codes MUST be in the doctors chart notes.company. Unless you have the experience and
They will not get into the chart notes unless you, theknowledge of the laws of your state regarding your
injured party, tell the doctor what your complaintscase, you will find that you may settle for a lot less
are.than you deserve if you try to represent yourself.
There are two types of injuries. The first category