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Most people want to know how much their personal injury claim is worth. While you might think that you can figure it out based on the average value, that might not be the way to figure out what your settlement is worth. Here is what you need to know about settlement values.
Average Value
Personal injury claims are a broad category. Personal injury might refer to a number of different cases including:
- Medical malpractice
- Car accidents
- Premises liability
- Work accidents
When it comes to personal injury, there are a wide variety of cases and because of that, it can be difficult to pinpoint an average value. Not only do you have to consider what type of case it is, but you have to consider all of the circumstances surrounding it. Did you lose your ability to work? Did your injury cause a disability? Were you partially at fault?
There are so many circumstances that may apply to your case and hence you cannot necessarily determine an average. Personal injury cases, on average, range between $3,000 and $75,000. To calculate your value, the insurance adjusters and attorneys will calculate and negotiate.
Settlement Value
There are several factors that will determine how much you can ask for in a settlement. The first factor that you need to think about is whether or not the defendant has the means to pay you. If you are suing an insurance company or business, then you may not have this problem. However, when you sue an independent person who does not have a lot of money, then you do not want to ask for a high settlement. Even if you deserve it, you will never see the money, if the person cannot afford to pay. You have to consider the defendant’s worth.
In addition, you have to think about your damages. You have to calculate your medical expenses, lost income and any other losses. You may even be able to calculate in pain and suffering. Now, you also have to take into account how much fault the other person has. You may suffer substantial damages, but if you cannot prove that the other person was at fault, you would not be able to collect compensation.
When it comes to personal injury, it is difficult to predict how much your case is worth. Your best option is to sit down with a lawyer and calculate what your settlement could be. It is impossible to guess your settlement based on averages. Consult with a personal injury lawyer, like a personal injury lawyer in Aimes, IA, today to find out what your case is worth.
Thank you to the experts at Des Moines Injury Law for their insight into personal injury law.
