Factors Affecting the Settlement Value in Personal Injury Case
People who have been involved in an accident, the first thing that concentrates is an assessment of the value of the claim. These people want to know how much the claim is worth. People are also interested in knowing how much settlement they are likely to receive. Understanding the following will give you a better insight into the weakness and strength of your case.
The top factor that affects the settlement of the personal injury claim is the severity of the injury. The higher settlement is suitable for the people who had a very severe injury. Some of the most severe cases is a spinal injury, brain damage, amputation, and many more. You are likely to have a permanent injury, and thus you should expect a higher settlement.
If the accident has contributed an enormous change in the life of the injured person, then they are going to get a higher settlement. Some people are unlikely to work or standup. Disruption may happen if you are unable to go to work or engage in sporting activities.
The medical treatment that is offered to the patient will also affect the settlement that you are going to receive. This is generally the expenses that you are going to incur directly related to the accident. You are going to get reimbursement for the cost occurred and the one that you expect to happen in future. You are going to get a low payment when you have a slight injury from the accident. It is vital to note that longer period of treatment does not guarantee that you will get higher compensation. Adjuster is always invited to determine whether the treatment was given longer that it is necessary.
One more thing that will affect the settlement that you will get is the emotional distress. There is always a misconception that only the physical injuries are considered when evaluating the worth of a case. After the accident, you are going to experience some degree of difficulty. Emotional distress includes lack of sleep, depression, and agoraphobia. You are going to get compensation although determination of the level of distress is challenging to decide.
The last consideration is how much the litigation will cost. Cost incurred will include clerical work, deposition of the witness, and hiring of experts of the case. When you do not invest in the cost of the litigation; some rich defendant will work to ensure that you get significantly low compensation.
The amount of settlement that you are going to get depends on various factors. In this kind of a case, you should consider a lawyer. The objective of the lawyer is to ensure that you get the best reimbursement.