If you have suffered a personal injury in an accident, you may be entitled to financial compensation if you can prove that someone else was at fault. The Denver personal injury attorneys at The Frickey Law Firm can work for you to get the full amount of money that you are owed. We have been representing Colorado’s injured for over 50 years, our seasoned litigators know how to build a case and maximize your financial recovery.
When a Denver personal injury attorney answers the question about how much compensation you are owed with an “it depends,” there is far more at work than a lawyer not wanting to be pinned down to a specific answer. What they are really telling you is that they need to learn more about your situation because there is no instant answer. A personal injury lawyer needs to review your facts and circumstances before they can give you a more specific answer. If you have question about how much your case is worth, call us today. The call and the consultation is 100% free.
Speak to the Denver personal injury attorneys at The Frickey Law Firm to begin a conversation about a potential personal injury claim. We can explain both how the legal process works and the factors that may influence how much money you can get for your injuries. Read our reviews, we know Colorado law and have a proven track record.
The Factors That Affect Your Personal Injury Compensation
One of the first questions that prospective clients often ask us during the initial consultation is “how much can I get for my accident injuries?” Usually, this is not a question that our personal injury lawyers can answer on the spot. We can explain the general concepts that apply to personal injury compensation, but we cannot give you a concrete and specific answer until we know more about your case. iIt could even be a considerable amount of time until you know the full value of your case because your medical condition needs to stabilize first.
You should know how your personal injury compensation is calculated. The amount of your settlement or award largely depends on three factors:
- How seriously you have been hurt and how your injuries have impacted you
- The amount of insurance coverage and assets available to pay for your damages
- How hard you negotiate to get enough compensation for your injuries
- Who your lawyer is, all lawyers are not the same. Read our reviews, we get results.
You Need to Know How Much Your Case Is Worth Before You File a Claim
The first thing that you need to be armed with before you approach the insurance company is knowledge of the value of your case. Broadly speaking, you are legally entitled to be paid for both the actual Financial losses that you have suffered, and for the other intangible effects of your injury. In addition, Your settlement or award would cover both the past losses that you have sustained and those that you would suffer in the future. The individual elements of your personal injury compensation could include the following:
- Medical expenses
- Lost wages
- Pain and suffering
- Loss of enjoyment of life
- Emotional distress
- Scarring and disfigurement
Of course, you would be left in the position where you would need to negotiate with the insurance company for the actual compensation that you would receive. Settlement negotiation can be a difficult process because the insurance company acts like it has the power to dictate the amount of money that you get. When you hire a personal injury attorney for your case, you put power in your own hands, and they can stand up to the insurance company on your behalf. Our lawyers also know how to properly build value into the case to maximize result and financial recovery.
There Are Some Caps on Your Personal Injury Compensation in Colorado
Colorado has recently changed the law to allow for an increase in the amount of compensation that claimants can receive in personal injury cases. While economic damages are unlimited, Colorado does have a cap on the amount of non-economic damages that you can receive in a personal injury case. Prior to the beginning of 2025, the cap on non-economic damages was $1.5 million. Starting on January 1, 2025, the limit was raised to $2.125 million. The cap will remain the same until January 1, 2028. At that time, the cap will be tied to inflation, and it will increase as costs rise. This way, the Colorado Legislature does not have to pass any law that further raises the damage caps.
The new legislation is good news for personal injury victims. Non-economic damages can be a large part of your personal injury settlement. If you have suffered a serious injury in a bad accident, it is entirely possible that the amount of your real non-economic damages could exceed the cap. Now, you would be able to recover more compensation in your case. The key is that you know the full value of your non-economic damages, and you would only have this knowledge when you hire a Lakewood personal injury attorney for your case.
Contact a Denver Personal Injury Law Firm Today
To learn more about the legal road that is ahead of you when you have been hurt by someone else’s wrongful actions, speak to the Denver personal injury lawyers at The Frickey Law Firm. You can schedule a free initial consultation by visiting our website or by calling us today at (303) 237-7373.
