Chad McLain Explains How to Determine Your Case’s Value on Good Day Tulsa
On Thursday, September 24th, Attorney Chad McLain of Graves McLain appeared via Skype on KTUL’s Good Day Tulsa program to talk about how to figure out what damages you may be entitled to after an accident. Watch the segment:
An accident can change a life in a moment. Given that you could be affected physically, emotionally, and financially, it makes sense that the types of recoverable damages fall into different categories. The first category is economic damages. Economic damages include past and future medical expenses, lost wages, and property damage. The second type of damages that may be recovered are called non-economic damages. These types of damages take into account both mental and physical pain and suffering, as well as disfigurement. The last category is punitive damages, which are not directly tied to economic losses caused by the accident. Punitive damages are designed to punish the responsible party financially.
Determining the value of your case isn’t as simple as adding up the resulting bills after the accident. There are multiple factors that go into calculating your case’s value. While the actual medical costs are taken into account, the severity of your injuries plays a role. Oklahoma’s comparative negligence law also affects the outcome of your case; if you are found to be more than 50% liable for your own injuries in a car accident, you cannot make a recovery. In addition to those factors, insurance coverage (both your own and the other party’s) can affect the recoverable damages available. For example, if the damages exceed the other party’s insurance limits, you may be able to turn to your own underinsured motorist coverage, if you have it.
Given how many aspects factor into the value of your accident case, it’s in your best interest to contact an experienced personal injury attorney. They have extensive experience in placing monetary values on your injuries and other financial losses due to the accident. Furthermore, they are skilled at estimating what your future medical costs and earning capacity might look like. These are very difficult things for the average person to accurately calculate.
Attorneys also have tools at their disposal to ensure that they get the entire picture of what took place during the accident. Working with teams of investigators, medical experts, and accident re-constructors helps your attorney to fully understand your specific situation so they can help you obtain all of the damages you are entitled to.
Graves McLain is Here to Help.
If you or a loved one has been injured in an accident that was not your fault, call Graves McLain right away at 918-359-6600. When you call one of our experienced attorneys, we will speak with you for FREE and determine the best course of action.
We review every detail of your situation at no cost to you—and fight hard to protect your rights. Trust our team, we are here to help. At Graves McLain, you will never pay an attorney’s fee up front—and you owe us nothing until we win your case. At Graves McLain, we don’t get paid until you do.