Re: How Can I Determine the Value of My Bodily Injury Claim
whatever you do, realize that you only have 2 years to file a suit or you are barred from doing so. That means, if they can dance with you long enough to get beyond that 2 years, they can dump you without ever paying for the dance.
you left out a huge bit of info:
what long term damages did you sustain. You say you hurt your knee but that is a very ambiguous statement. If it is something that will heal but gives you pain now, it isn't worth much. If it is something that will or could require surgery to repair, obviously those costs and pain need to be considered.
$112,000 but would readily accept $97,500
what do you think is fair?
and if you can figure out how I got that number, you are one step closer to realizing the answer to your question.
actually, in a lot of places, a 3X rule of thumb, although not official, is observed. If your actual damages are $4500, then $13,500 would be proper for compensatory damages with a total of $18,000 as the demand (just like you were asking for)
ps: I pulled the numbers from my underside. Damages are often sought due to not what they truly are but simply what you can negotiate. There are many many awards that simply defy logical justification. They are simply the result of what the plaintiff's attny could "sell" to the defendants attorney or the jury.
What you are willing to settle for is going to be what their insurance company can sell you on.
I am not an attorney and any advice is not to be construed as legal advice. You might even want to ignore my advice. Actually, there are plenty of real attorneys that you might want to ignore as well.