Personal injury settlements tend to vary as a lot of factors play into the possible value of a case. Even in cases that involve the same form of accidents, the kind and seriousness of the injuries sustained may differ. By working with a skilled Nevada injury lawyer, you can understand the range your settlement may fall according to your accident’s unique facts and associated expenses.
Factors that Impact Your Personal Injury Claim Settlement
The main reason there’s no average settlement for a personal injury claim is that every case is unique. Below are some factors that can impact your settlement:
- The kind of injuries you sustained. Which part of your body was hurt and how it was hurt can impact your case in many ways. For instance, treating a broken arm may cost less than treating a broken neck. Generally, head, spinal cord, and neck injuries as well as amputations and burns are worth more.
- The seriousness of your injuries. Severe, life-threatening injuries may be worth more than minor injuries. These injuries can require life-long care and assistance, increasing your financial needs.
- The medical treatment you need and future care needs. Your current and future medical care costs make up a big part of your settlement. If you need to undergo surgery, require inpatient rehab, must be hospitalized, or require in-home nursing support, then your case may be worth more than an injured person who just needs outpatient treatment.
- The amount that you make. Your claim settlement can include the income you lost because of the accident. If you have been unable to work and have higher wages, you may recover more compensation.
What is a Fair Settlement?
A fair personal injury claim settlement will give monetary recovery for your economic and non-economic damages. These damages include your current and future medical expenses, lost income, future reduced earnings, out-of-pocket costs, pain and suffering, property damage, and others. To determine the worth of your case, you must work with a skilled personal injury attorney who will conduct a thorough investigation of the accident, collect the necessary evidence to strengthen your case, and calculate a fair settlement based on this evidence. Once your attorney has come up with an amount, they will demand fair compensation from the insurance company that represents the liable party. They will negotiate with the insurer and advise you to just accept a fair settlement that represents the true value of your case.
