What Determines Personal Injury Settlement Amount?

Personal injury settlements can vary from one situation to another. Suppose a settlement occurs because of a court decision or the negotiation between the defendant and the plaintiff. In that case, the outcome will be established based on multiple factors of the case. The great majority of personal injury lawsuits are usually based on minor injuries and involve a total of $50,000 or less. There are some other cases where the injuries are considered significant. Therefore the proportion of damages can rise exponentially, ramping up the total to millions of dollars.

Types of Damages In a Personal Injury Settlement

When you consider how much you should ask for a personal injury settlement, it is recommended you always begin with calculating how much monetary damage you have experienced. These monetary damages are the overall losses linked to your personal injury. You need to fill in documents and some papers that need to be completed for your claim to be considered.

#1. Medical Bills

The medical bills that you receive from hospitals, private clinics, emergency rooms, doctors, testing centers, and labs are all added together to provide the final amount.

#2. Lost Wages

Because of the inability to work, you may not have a regular source of income. Many people are faced with this issue while trying to recover from their injuries.

#3. Therapy bills

There could be some therapy involved depending on how the injury affected you. This therapy can be either physical or emotional; either way, it can cost a lot of money. Overall, this would be another factor that needs to be considered when calculating your losses.

#4. Associated Recovery Expenses

If you cannot travel to medical appointments on your own or you are suffering from limited mobility, you will need help. That could include taxis or rideshare services or mobility aids like a wheelchair or crutches. For a person with reduced mobility, the cost for the luxury to walk from one place to another can get very expensive, and this should be taken into consideration as well.

Why You Should Hire a Personal Injury Attorney

Before you submit your claim for a personal injury, you should consider involving a lawyer in the process as well because they will protect your rights. They will make sure that you get the total amount of the compensation you deserve. In your claim, you want to be sure you’ll include all of the losses and expenses that have happened as a result of your personal injury.

Personal injury attorneys Wattel & York recommend that you do some research to choose the right lawyer for you. The best way to choose who will represent you is based on previous clients’ reviews and if they have handled cases similar to yours.