How much is my claim worth

An important question often asked both at the commencement of a claim and whilst it remains ongoing is how much is my claim worth?

There may be many factors to consider but we will always endeavour to provide an accurate and educated estimate of the potential value of the claim.

Valuing a Claim

• If the injury is relatively minor, the injured person has made a full recovery and there are no other financial losses, we can provide an accurate assessment of the value of a claim at a very early stage.
• Even in those cases, it is sometimes difficult to provide an exact figure because all claims are subject to many variables including the skill of those conducting any negotiations upon the Claimant’s behalf.
• Often it is more problematic to advise on the precise value of a claim, particularly if the injuries are severe and remain ongoing, with possible other associated losses.
• The value may depend upon many factors including the severity of the injury, for how long the injured person may have suffered or may continue to suffer, plus any other financial losses arising, such as losses of earnings.

Areas of Claim

• When considering a claim for financial compensation, broadly there are three areas of claim to investigate. These are General Damages, Special Damages and Future Losses.
• The sum awarded to the Claimant will be the combined total for General and Special Damages, plus Future Losses when they arise.
• Interest may also arise on the appropriate parts of the claim.

General Damages

• The amount paid for General Damages will be based on the actual injuries the person has suffered.
• The extent and severity of the injury dictates the possible award of damages.
• Where an individual suffers multiple injuries, the financial value of each specific injury is considered.

Special Damages

• Special damages are the out of pocket expenses arising from the accident or negligent medical treatment.
• Some documentary evidence is usually required in support of any such losses, for example payslips if employed, accounts if self employed, receipts, invoices or other documents showing a loss has arisen.

Future Losses

• Future Losses are the losses and expenses likely to arise after the conclusion of the claim.
• Sometimes, these sums may make up the highest proportion of the claim particularly if the injuries are severe and remain ongoing.

Why choose M R Law?

• It is vital when bringing a claim you receive specialist advice and assistance so that there is a full investigation into all potential areas of claim and you recover the highest possible award of damages.
• You have the assurance of knowing we have that specialist expertise, so the potential value of all the areas of claim will be fully maximised.
• We guarantee you will recover the highest possible levels of compensation in as short a time scale as can be achieved.

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