What Is the Average Amount for Personal Injury Settlements?
September 25, 2019
How much do claimants receive?
There is no set formula to establish the value of a particular injury claim, as each case is different. Typically, an insurance company will look at a plaintiff’s injuries, medical expense, and other losses when analyzing a claim. Ideally, plaintiffs settling their claims will also get compensated for “pain and suffering”, which is monetary compensation for pain, inconvenience, and other intangible factors surrounding the injury.Why do the payouts vary so greatly?
Several factors can affect how much the claimant receives for a personal injury settlement in Santa Rosa, CA. Of course, the main factor is the injury itself. More serious injuries typically result in higher settlement amounts. Those settlements are usually meant to cover medical expenses, loss of income and other damages incurred, which all tend to be higher with more severe injuries. A serious injury may also involve more valuable claims for pain and suffering, which can add to the total of the settlement. Another important factor to consider with personal injury claims is insurance limits. Even if a case might warrant higher amounts, an insurance company may cap the settlement due to policy limits. In these cases, a qualified attorney will investigate whether a defendant has property, cash accounts, or other assets that could be used to pay damages above-and-beyond insurance limits. The third factor that can greatly affect a personal injury settlement in Santa Rosa, CA is the legal route a claimant takes. Those who hire a lawyer to represent them in the case typically receive higher compensation. This partnership also increases the odds that the plaintiff gets anything at all. Additionally, whether or not the claimant takes steps to involve the court can affect the settlement, as well as whether or not they are willing to negotiate. Often, the threat of taking someone to court is enough to motivate them to settle, and negotiating rather than accepting the first offer can often result in a higher settlement amount.Can I settle out of court?
Yes, you can. In fact, most personal injury settlements in Santa Rosa, CA are made out of court. Very few go to trial.Increase Your Average
At The Law Office of Max G. Arnold, Inc., we are dedicated to ensuring our clients get the compensation they deserve in personal injury settlements in Chico, Redding, and Santa Rosa, CA. If you’re facing legal proceedings and need a strong partner in your corner, contact our team. We bring over 30 years of experience to every case and know the best strategies to help you win your case with integrity. Reach out to us today to schedule an in-person case evaluation.Categorised in: Personal Injury Lawyer