Top 3 Factors That Could Affect the Value of Personal Injury Settlement Claim

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A report by Martindale-Nolo Research shows that the average compensation for personal injury is $52,900, ranging from $3,000 to $75,000. Whether you have been injured in a car accident or at work due to someone else’s negligence, you will most likely file an injury lawsuit. But before you can file a settlement claim, you will need legal advice after a serious accident to ensure the process is successful. A personal injury attorney will help you determine how much you can expect for compensation by pointing out factors that affect injury claim settlements and offer advice on how to build a strong case.

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Severity of Injuries

The severity of your injuries will have the most significant impact on how much compensation you will receive. Naturally, if an accident caused severe injuries like spinal cord damage and broken bones, the amount of payout will be higher, as opposed to temporary injuries including whiplash, bruising, and strains. Similarly, if you experience permanent injuries such as brain trauma, disability, or disfigurement, you will most likely receive a more substantial amount of settlement for the pain and suffering involved.

Legal Representation

Enlisting services offered by a personal injury attorney increases the chance of receiving any amount of compensation. Studies reveal that accident victims who hire an attorney receive more than $60,000 as payout compared to those who file injury claims on their own. Although you are entitled to compensation from the at-fault party, getting a settlement on your own can be daunting. Insurance companies have to protect the interests of the insured, and they most likely don’t want to spend their money settling claims like yours. That is why you need an accident lawyer to help you negotiate a settlement with insurance companies.

Evidence Really Matters

When filing an injury claim, you need strong evidence to prove the other party was at fault. This is why collecting and preserving evidence is critical. Evidence can be in the form of medical reports, official police reports, surveillance footage, eyewitness accounts, or photos of the scene, vehicles, and injuries. In the case the evidence available proves the other party is at-fault, you can expect the value of compensation to be higher.

Filing injury claims after an accident will help you get compensation for injuries, property damage, loss of income, and pain and suffering. However, you should first understand the basics and seek legal assistance from a skilled lawyer to ensure you receive a reasonable amount in a settlement.

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Top 3 Factors That Could Affect the Value of Personal Injury Settlement Claim
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A report by Martindale-Nolo Research shows that the average compensation for personal injury is $52,900, ranging from $3,000 to $75,000.
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