Have you had an accident recently? Meeting an accident is an emotionally taxing process where you are left with several physical injuries and emotional trauma. In such a situation, you aim for a fair settlement to recover all losses. Getting a fair settlement isn’t that easy, as several factors may impact the overall personal injury settlement. This article has jotted down the top 5 key factors suggested by a Personal injury attorney impacting your personal injury settlement. So, here we go!
Factors influencing a personal injury settlement
1. Extent of injuries
The severity of your injuries highly influences the settlement amount. Injuries like long-term disabilities require extensive medical care, increasing the chances of higher compensation. Some major things that you should keep handy are expert testimonials and medical records.
2. Liability
Liability establishment is essential in personal injury claims. The victim’s case is strengthened. Further, the possibility of a successful settlement is increased if it is evident that the defendant’s carelessness or deliberate conduct resulted in the injury. On the other hand, negotiations may become more difficult, and the ultimate settlement amount may be impacted if liability is contested or divided among several parties.
3. Evidences
Another major factor that largely influences the personal injury settlement is evidence. Strong evidence is important to build a strong case and secure a fair settlement. It includes photographs, accident reports, medical records, eyewitness testimonials, and other documents. The quality of the evidence also has a huge impact on the decision.
4. Insurance coverage
The parties’ insurance policies, especially the defendant’s insurance coverage, may have an impact on the settlement sum. If the accused party has enough insurance, the chances of getting a fair claim increase. If there is inadequate or restricted insurance coverage, it results in smaller compensation.
5. Pain and sufferings
Non-economic damages like pain and suffering, loss of life enjoyment, emotional distress and more majorly impact the personal injury settlement. These damages are calculated on different factors, including:
- Nature of your injuries
- Emotional distress experienced due to injuries
- Impact of injuries on your life
Other factors influencing the pain and suffering assessment are occupation, victim’s age and pre-existing health conditions.
Wrapping up
If you have suffered injuries, hire a personal injury lawyer who will determine the worth of your case. Further, they fight for a fair settlement for a better future.
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