I wanted to discuss a variation on the common accident case value theme. This is, if you’ve been reading regularly, a fairly common theme with my posts as it is a common question that I get from my clients at many points throughout their claims. The main purpose of this particular post/article is to discuss the medical billing aspect of the process.
Myth: Many people are under the impression that your Maryland auto accident case is worth a multiplier of the total medical bills. That multiplier might be 2x or 3x or some 10x, but it’s a multiplier. This is entirely a myth. There is no hard and fast formula for determining the value of a Maryland auto accident case that fits nice and nearly into some variable type equation.
Each insurance company will use their own criteria to evaluate and make offers on cases, as will each judge or jury member weigh different aspects of testimony in determining a verdict, should a case go to trial and reach the verdict level.
The important thing to be aware of is whether or not the billing being submitted to the insurance carrier, judge or jury for consideration is the complete set of medical billing and/or records.
I receive a lot of litigation referrals from a number of law offices in Maryland. Sometimes, I also have clients who have fired a former attorney or have had their case dropped, or for whatever reason have come to me after their case has been handled to some point by another lawyer or law office.
I recently took on one such case that was handled by another firm, and for whatever reason, the relationship between attorney and client broke down, and the client hired me. The entire file was forwarded to my office, and upon my review, I realized one major problem: A demand had been submitted to the insurance company and was lacking no less than $6,000.00 in medical billing and the associated records to go along with that billing, and that’s just what I could determine in about 30 minutes of reviewing the file! Without a thought, the collection and submission of these bills would increase the previous offer by at least 20%. That’s a big number. That number is so big that it would almost offset the entire lawyer’s fees in the case!
The moral of the story is to be sure that a case being submitted to an insurance company, judge or jury for settlement is complete. This can be a daunting task for someone trying to handle a claim on their own, and clearly a difficult task for some that handle these cases professionally.
If you’re looking to have your case or an offer from an insurance company reviewed by someone with experience, contact me at (410) 885-6200 . I will no review your settlement if you are represented by an attorney, as that wouldn’t be appropriate, but if you’re attempting to handle a claim on your own, I’ll gladly give you some of my time to take a look, and with no obligation discuss how I might be able to help you maximize the value of your claim.
Maryland Attorney Jobeth Bowers is the founder of Bowers Law and a graduate of the University of Baltimore School of Law