Determining the ideal settlement amount in personal injury cases can be daunting. Every case is different and you must carefully consider the kind of accident you were involved in. Also, you must take into account different factors like medical expenses, pain and suffering, lost wages, and long-term impacts. You need to accurately evaluate and negotiate a claim settlement based on your circumstances with the assistance of an experienced Injury claim lawyer in Las Vegas.
Factors that Determine the Value of Your Personal Injury Case
The following are factors that influence your settlement amount:
- Your damages. Your medical care costs, including medication, hospital stay, rehab expenses, and possible future medical care affect the amount of settlement you may get. Other damages that come into play include lost wages, property damage, and pain and suffering.
- Your injury. Generally, the more serious your injury is the higher your claim’s value. Catastrophic injuries such as spinal cord injuries, traumatic brain injuries, and loss of limbs can impact your ability to earn an income or take part in activities you used to love, reducing your quality of life. Such losses warrant high compensation.
- Impacts of your losses. Right after the injury, you cannot determine how serious the injury is, how long your recovery period might be, and how it might impact your life. Once you get the necessary medical care, your physician can provide you with a professional opinion about your recovery’s long-term outlook. Your attorney can use this information to come up with an accurate estimate of your case’s value.
- The fault of every party. Fault plays a huge role in the damages you can recover. If you contributed to the accident, your percentage of fault determines how much final settlement you can expect. Also, your percentage of fault determines whether or not you can still recover compensation.
Improving Your Claim’s Outcome
Although you cannot change the insurance coverage available or the degree of fault you shared, you can take steps to improve your claim’s outcome. These steps include seeking immediate medical attention after the accident, collecting evidence at the accident scene, as well as reporting the accident to the police and your insurer. Also, working with a skilled injury lawyer increases your chances of securing the highest amount of settlement possible. Your attorney can hire experts to investigate the accident and assess your damages, ensuring your settlement covers your current and future needs.
