Personal Injury Settlements
Understanding Personal Injury Settlements
Personal injury lawsuits are common, especially when car, motorcycle, truck, and other accidents occur. Most people don’t realize that before going to trial, or even before a lawsuit is filed, many cases are resolved through a negotiated settlement.
An injury settlement occurs when the plaintiff receives an agreed-to amount from the defendant for their injuries. The best way of obtaining a full and fair settlement is to work with your attorney, who will help you arrive at a personal injury settlement that is fair for your claim.
Calculating Personal Injury Settlements
Contrary to popular belief, there is no magic formula that can calculate personal injury claim settlement amounts. In fact, there are many factors that will contribute to the settlement you’re offered.
Personal injury lawsuit settlement amounts typically differ due to a range of factors, including:
- Damages – The total damages sustained will vary from case to case, so compensation will vary too.
- Medical Expenses – Medical expenses include any expenses that you’ve already incurred due to your injuries, as well as the amount expected for any future expenses you might incur.
- Lost Earnings – Many people forget about the money they might lose if they are unable to work due to the severity of their injuries. However, lost earnings should always be considered when it comes to personal injury settlements.
- Non-Economic Damages – Non-economic damages include the pain, suffering, and impairment that you’ve incurred.
Average Personal Injury Settlements
There’s really no way of knowing what a typical personal injury settlement will look like, because each case is different. So, while it can be beneficial to get a general idea by looking up examples of personal injury settlements, don’t attempt to directly relate your case to another.
The important thing to remember is that the best way to optimize your compensation is to work with an experienced attorney.
Blackburn and Green Can Assist With All of Your Settlement Needs
Negotiating your own settlement is difficult, but with good legal representation, getting the full and fair compensation you deserve will be more likely and less stressful.