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How much is my case worth? A good question with a tricky answer

Most people, after suffering injuries in a crash or accident, first want to know how their bills and other expenses will be covered. Will insurance cover the costs or will they have to file a personal injury lawsuit against the at-fault party? It's after considering this question that most people want the answer to the question we're about to discuss:

How much is a personal injury case worth? 

Though this may seem like a simple question, the answer is anything but. That's because, the "worth" of a personal injury case depends heavily on the unique circumstances involved in it. In addition to knowing the specific facts concerning your injuries, you'll also need to answer questions about fault, particularly regarding the at-fault parties behavior.

Once you have the answers to all of these questions, you can finally start considering the damages you will seek, specifically referred to as compensatory and punitive damages here in North Carolina.

Compensatory damages are what a lot of people think of when they consider seeking damages after a crash or accident. As their name suggests, compensatory damages compensate a victim for the damages and injuries they have suffered. Associated costs - such as medical bills, prescription and therapy costs and even lost wages - are all covered by compensatory damages.

Collecting the adequate amount of compensatory damages after an accident requires excellent record keeping as well as an understanding of what documents need to be gathered and how to present them in order to recover what is truly needed.

Punitive damages, on the other hand, are what most people think of when they think of a personal injury lawsuit. This type of damage is, as the name suggests, meant to punish the at-fault party for their negligence. It seeks damages above and beyond compensatory damages, usually accounting for things that you cannot place a price tag on, like pain and suffering or loss of enjoyment.

What can someone in North Carolina recover?

Though there is no cap on compensatory damages in North Carolina, there is a cap on punitive damages, which is set at three times the amount of compensatory damages or $250,000, whichever is greater.

So as you can see, there is no universal answer to the question: "How much is my case worth?" It all depends on your situation and the best way to calculate this amount is to have an extensive conversation with an attorney. 

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