Average personal injury settlement amounts
Average Personal Injury Settlement Amounts
When you begin the process of a personal injury settlement, it’s likely you have a value in mind. If you only have minor injuries, you will know that your claim will be worth little. But after permanent injury, loss of earnings and hospital bills may mean that you can claim millions. The range of features involved in the calculation, though, can be rather confusing. To help you get a better understanding of what your average personal injury settlement may involve, we’ve broken down the process here.
What is My Claim Worth?
We would love to offer you exact average personal injury settlement amounts. But there is no flat rate or standard value one can receive. Instead, the cost of your claim is determined on an individual basis. There is no guaranteed figure, since every case is entirely different. The circumstances, reasons and actors involved broadly vary each time.
The best way to get any kind of personal injury estimation is to hire an lawyer through 719 Pain. An attorney can sit down with you and better understand:
- The challenges the personal injury has caused you in the short, medium and long-term.
- Any lasting problems the incident has left you with, especially those which are permanent.
- How medical bills and physical impairment can affect the value of your claim.
- A full understanding of the long-term effects on employment, earning capacity etc.
Armed with this information, your attorney will either negotiate with the relevant insurance provider or represent you in court in order to claim you a fair and reasonable amount.
How else can you Determine Average Personal Injury Settlement Amounts?
Your personal injury is unique to you. So what may have earned your friend or neighbor a significant personal injury claim may not work for you. But even so, there are multiple things which you may be able to claim for.
The more factors listed below that form part of your argument, the better negotiation power and settlement opportunities one has. So, what matters most when taking a claim further?
- Any physical injuries received such as broken bones and other forms of physical trauma i.e. nerve damage. This includes muscle loss, mobility reduction/loss and lasting weakness.
- All follow-up treatment needed such as rehab or long-term care for a serious incident.
- Emotional damage, such as stress and anxiety
- Loss of livelihood, earning and quality of life.
- The loss of appointments, vacations, examinations, school time and so on; more generally, the ways in which your injury has stopped you from going about your daily business.
The more of these problems you face, the higher the value of your claim will be. But there is another factor- the multiplier– which can significantly add to the value of your claim. So what is a multiplier?
How do Multipliers Affect Average Personal Injury Settlement Amounts
Any of the above factors will help to raise the multiplier higher. Each is proof of a lasting effect on your life, both personally and professionally. Through an examination of the points in your favour above, your attorney can negotiate a fair ‘multiplier’ which will, as the name suggests, dramatically increase the value of your claim.
However, the case is not weighted fully in the direction of the victim. There are also a number of points that can limit or reduce the overall value of your case. Therefore, while it’s vital to always provide the full facts, it’s best to be aware of potential reductions.
If any of the following points apply to you, your claim may be worth less:
- Small-scale injuries like bumps, bruises, strains and minor cuts. If your injuries are mostly superficial, this will minimize your claim.
- Also, if medical bills were either minimal for diagnostic and check-up or were carried out by non-MDs. This will limit the level of compensation due to the quality/depth of care received.
- If you did not take any medical prescription, too, this can lower the rate or size of your claim.
- If over-the-counter medication was the major and only suggestion made by the doctor, it shows a limit to the severity of the issue and thus caps your claims potential.
- In terms of emotional stress, there must be clear proof that shows either a drop-off in performance, quality of life or earning potential beforehand. The reasons also must logically fit with the incident itself.
Based on these points and those above, your claim may be judged to be worth anywhere between 1.5x to 5x more than the monetary cost your injuries have caused.
Getting the Best Average Personal Injury Settlement Amounts
Of course, it’s easy for claiming compensation to become complicated. Insurance companies will do everything they can to pay out as little as possible. And if your case goes to court, the defendant will at every turn deny their liability, and put the blame on you. But it doesn’t have to be this way.
With the right legal and medical help, proving the reality of your injuries becomes easier. A higher quality level of advice provided by proven average personal injury settlement experts is very important. This allows you to get the information you need to show that you did suffer in the ways you claim.
Navigating such a challenging event alone can be challenging; so bring in legal assistance. With a proper medical check-up as well as legal advice, the whole situation becomes much less stressful. Don’t let the events derail your right to get fair compensation for what you have lost. Work with the right people through 719 Pain, and it’s much easier to prove your case with clarity, evidence and honesty.
Average Personal Injury Settlement Amounts: How Can 719 Pain Help?
719 Pain can assist by putting you in touch with the right professionals capable of meeting your every need. Ensuring you receive the right treatment, care and post-incident assistance is paramount. Through 719 Pain, you have access to top quality expert physicians, chiropractors and personal injury attorneys.
By putting you in touch with professionals through one trusted source, our service allows you to get the care that you deserve.