What Is The $ Value Of My Claim?

Anyone injured in an accident should receive the maximum amount of compensation they are legally entitled to receive. Many people trust the insurance companies to determine the fair value of their claim. Unfortunately, the sole objective of the insurance company is to maximize their profits by limiting the amount of money paid to an injured person.

There is no simple formula for determining the value of a Workers’ Compensation and Personal Injury claims. Several factors must be taken into consideration to effectively determine the value of your claim. These include:

  • Circumstances of the accident
  • Reliability of notice to the employer
  • Extent of injuries sustained (fractures, herniated disks)
  • Extent of medical treatment (physical therapy, surgery)
  • Findings of objective testing (ct scans, mri)
  • Quality of medical reports issued by treating doctors
  • Significance of pre-existing conditions
  • Relevance of previous accidents or injuries
  • Existence of temporary or permanent restrictions.
  • Gross weekly wage of the claimant
  • Lost time from work

Additional factors in auto accident cases include details records in the police report, issuance of traffic tickets, quality of the insurance company involved, limits of insurance coverage, extent of damage to vehicles.

The only effective way to determine the approximate value of an injury claim is for these and other factors to be evaluated by an experienced attorney who has actually settled and/or litigate a significant number of claims.

Call our office at 800- 437-2571 for a free no obligation consultation with one of our experienced attorneys

Dear valued clients:

Our office is aware of the Covid 19 situation and is taking measures to keep our staff safe during these difficult times. For the immediate future, we will not be meeting in person with any of our clients. However, all of our clients can reach us by telephone, email at chicagolegalnet@yahoo.com or by facsimile at 630-451-9477. Our office remains open and we will continue our work as usual. We feel this is best for everyone concerned.

If you have recently suffered an injury from a work related accident and would like to retain our services, the entire process can be done by telephone, electronic and/or regular mail. We have operators available 24 hours a day, seven days a week. Please feel free to contact us anytime at 312-661-0450 and speak with one of our experienced and knowledgeable attorneys. Once this is has passed, we will gladly meet with you in person to answer any questions or address any concerns you may have.

Thank you for your patience and consideration. Be safe and stay healthy!

Regards

Donald Fohrman
Donald W. Fohrman & Associates, Ltd.