The value of a personal injury case can vary greatly depending on the specific circumstances of the case, such as the severity of the injuries, the amount of medical expenses, lost wages, and the impact of the injuries on the person's quality of life.
In general, the more severe the injuries, the higher the potential settlement or award will be. For example, a case involving a permanent disability or a significant loss of income will typically be worth more than a case involving minor injuries.
There are several types of damages that can be sought in a personal injury case, including:
Economic damages, such as medical expenses, lost wages, and loss of earning capacity
Non-economic damages, such as pain and suffering, emotional distress, and loss of enjoyment of life
Punitive damages, which are awarded in cases where the defendant's actions were particularly reckless or negligent.
It's also worth noting that some states have caps on the amount of damages that can be awarded for non-economic damages, like pain and suffering, which can limit the amount of compensation that can be awarded.
It's important to keep in mind that every case is different, and the value of your case will depend on the specific facts and circumstances of your case. An experienced personal injury attorney will be able to give you a better idea of the potential value of your case after reviewing the details of your case.
Often, a general rule of thumb may be to have a target goal of 3x medical expenses+loss of earnings, this often equates to the medical costs and loss of earnings are recouped, another portion is paid to the injury attorney and the remaining amount is for mental anguish / pain and suffering. If there is a permanent disability where a person losses range of a limb or lessens their quality of life from a permanent injury, additional costs are also calculated based on that detriment. Of note, typically where property value is also considered, such as a totaled car, it does not receive a multiple valuation, it is simply a replacement cost, plus perhaps cost of renting a car while a replacement is located and purchased or during the time the damaged car is being repaired.