Top Factors That Affect Your Personal Injury Settlement
Posted on January 6, 2022 in Personal Injuries
You should be compensated for your losses if you or someone you love was injured due to the negligence or carelessness of another. This could include an entity, commercial business, or individual. It isn’t always easy, however, successfully pursuing a personal injury settlement for damages. One reason for this is that so many factors can influence your claim’s value.
Ideally, if you or someone you love has been injured at the hands of another, one of the first things you should do is contact an experienced, knowledgeable, reputable personal injury attorney. After we provide you with a bit of information regarding factors that influence personal injury settlements, we’ll recommend a highly competent and successful source of legal representation for you to consider.
For now, let’s get to some top factors that may have an effect on a successful settlement where personal injury claims are concerned.
Can You Still Work?
If, while you recover from an injury, you will suffer lost income (because you can no longer work or can only work at a reduced level), this could become a major factor in your personal injury case compensation. For any lost income, injury victims may be able to seek compensation.
Available Evidence
The liability of another party, as well as the value of your claim, could revolve around how much evidence you have and what kind you have. You could struggle to receive compensation considered adequate if you can’t provide sufficient evidence.
Insurance Carriers
The compensation you receive might be influenced by how you handle an insurance carrier. For this reason, and more, leave it all up to your legal representative. They are used to handling insurance companies. Never give a recorded statement. Let your lawyer do the talking.
Similar Cases
Sometimes, to save time in a court case, precedence is looked at. How were past cases – which were similar to yours – settled? A jury or judge can lean a certain way, depending on past personal injury cases similar to yours.
Lawsuit Location
The value of a claim can be affected by the precise physical location of the filing of a lawsuit. Even counties or cities within a state can place different values on certain factors including suffering and pain.
Shared Fault
Certain states have specific laws involving shared fault. In some states, even if you are partially to blame for an incident/accident that caused your injuries, you may still be able to seek and recover compensation.
Limits on Insurance Policies
All insurance policies have limits, and they play a significant role in personal injury claim values. Directly from the at-fault party’s personal assets, a victim may need to seek compensation because their total losses were not completely covered by an insurance policy.
Medical Bills
Medical care can be costly and is usually a significant factor in cases involving personal injury. Until any victim has reached maximum improvement medically, a personal injury case should not be completely settled.
Property Damage Severity
Sometimes, a factor in personal injury claims is that of property damage – this is particularly the case in MVAs. Into the overall value of a personal injury claim, the total value of the damaged property may be factored.
Injury Severity
Where the value of your personal injury case is concerned, a significant role will be played by the severity of your injuries. Naturally, a jury will look at insurance carriers and medical bills, but they will also consider whether or not your injuries are permanent. The value of your claim may be higher if your injuries cause disfigurement, scarring, and or a disability.
Have You Been Injured at the Hands of Another?
If you’ve been injured at the hands of someone else, a company, or some other entity, you need someone fair and competent to fight for your rights. Let the expert representation capabilities of Pazer, Epstein, Jaffe, and Fein, P.C. help.
Looking for a trusted personal injury lawyer in New York? Call our New York number: (212) 847-5007 or Long Island number: (718) 954-9986 to schedule a free consultation with us today.