If you or a loved one has been injured as the result of the negligent, careless, or intentional actions of an individual, you can claim compensation for your injuries, losses, and damages. Most personal injury claims can be resolved through a settlement with the insurance provider.
However, the insurance companies’ settlements will always be lower than your actual losses. Their intention is to make a profit, not to compensate you. So they will make a lowball offer and make you accept it.
It is important to hire a lawyer to protect yourself from insurance companies’ cheap strategies. It will be best to contact Park Chenaur and Associates or other reputed law firms in your area following an accident. They are the right people who can obtain fair compensation for you.
This blog post discusses the most important factors that can influence a personal injury settlement. Read on to learn more in detail.
The Extent of the Injuries
The extent of the injuries sustained by the victim is the first crucial factor that influences a personal injury settlement. Basically, accidents that may result in more severe injuries tend to get higher settlements.
For instance, severe injuries such as spinal cord damage, broken bones, limb amputation, or brain trauma usually increase settlements as opposed to minor injuries like bruising or sprains.
Similarly, when the injuries may cause disfigurement, disability, or loss of function in the victim, the victim can expect to get a higher settlement. These types of injuries have a long-lasting impact on the victim’s future earning potential and quality of life.
Impact of the Injuries
Another important factor that can impact a personal injury settlement is how much the injuries disrupt the victim’s routine activities and daily life. For example, some injuries may make it impossible or difficult for the victim to do tasks such as standing, walking, traveling, working, sitting, or playing sports. These kinds of disruptions may cause psychological damage, emotional distress, and a loss of enjoyment of life.
Moreover, the impact of the injuries can be measured by the duration and cost of recovery and medical treatment. The more extensive and expensive the medical care needed, the higher the settlement value. This includes factors such as surgery, hospitalization, physical therapy, follow-up visits, rehabilitation, and medication.
Availability of Evidence
The amount of evidence that you have to support your claim is a crucial factor that can affect the settlement in a case. So, the victim needs to prove that the other party was negligent and responsible for their injury. Having eyewitnesses who can give statements that strengthen their personal injury case. In cases where the victim does not have adequate evidence, either of their injury or of the other party’s negligence or wrongdoing, it can be difficult to get a higher settlement.
Negotiation Skills
The negotiation skills of the victim and negligent party are the last factor that hugely influences the settlement of a personal injury case. Usually, the settlement value is not determined by a precise calculation or fixed formula. It depends on what both parties are interested in agreeing or denying during the negotiation process.
So, it is important to hire an experienced and skilled personal injury attorney who can make a huge difference in getting a higher settlement. A good personal injury attorney can help you collect relevant evidence, investigate the case completely, make a strong argument, and get you reasonable and fair compensation.
Final Thoughts
In a personal injury case, getting a higher settlement is the most challenging part, which depends on several factors. Hope this article has helped you understand these factors. By consulting a personal injury attorney, a victim can improve their chances of getting a higher settlement that reflects their injuries, losses, and damages.
