Personal injury settlements enable those who are injured because of another’s negligence to recover financially while taking the time they need to recover physically. Personal injuries can occur because of car accidents, slip-and-fall accidents, medical malpractice, and many other causes. Many people who are injured want to know how much a claim would be worth. Looking at California personal injury settlement amounts examples and what influences the value of a settlement can help.
Compensation for a personal injury enables injured parties to recover financial and personal losses, helping them avoid significant financial hardship after an accident. By holding a negligent party liable through an insurance claim or civil personal injury claim, injured parties can regain some financial stability.
No two personal injury claims are the same, but being aware of the general award amounts for different injury types can help you get a better grasp on what a claim is worth. To fully understand the unique value of your own claim, you want to bring your case to a personal injury attorney. They can help you determine a fair amount for a settlement.
There are several different types of personal injuries, based on the type of injury and the cause of the accident. Each of these types of personal injury claims results in different values of settlements. According to a 2005 study by the Bureau of Justice, personal injury claims resulted in some of the following settlement and verdict amounts:
Of course, a median amount cannot help you understand the specific value of your unique personal injury claim. There are many factors that affect what your claim might be worth.
Some of the biggest factors that affect the value of a personal injury claim include:
A: The amount that you can get for a personal injury settlement will rely on many factors, including the damages you suffered, the skill of your attorney, and whether the case goes to court. Out-of-court settlements tend to yield less compensation, but they are also less costly, stressful, and time-consuming to obtain. If you can prove that the other party is fully at fault, you can hold them liable for the entirety of your damages, including medical bills and lost income.
A: A lawyer can help your personal injury claim be more successful, and they can also secure greater compensation than you can get on your own. The aid of a lawyer isn’t required for you to file a personal injury claim, but it makes the process significantly easier.
An attorney can calculate a fair value for a settlement, which many people commonly underestimate. This can prevent you from accepting a settlement that will not cover your damages. Your attorney can also negotiate with an insurance provider on your behalf.
A: Pain and suffering damages vary significantly from case to case in California. They are typically calculated based on the severity of your injuries and how much they will impact the rest of your life. There are several methods for calculating pain and suffering, including the multiplier formula and the per diem method. Pain and suffering damages include:
California only caps these noneconomic damages in medical malpractice claims.
A: You should ask for the amount of money in a settlement that your claim is worth. This includes the cost of:
An attorney is useful in determining the value of a fair settlement, as they have experience calculating future costs and noneconomic damages.
At Heimanson & Wolf, LLP, we believe in fighting for the interests of those who are injured due to negligence. Contact our firm today to learn how we can help with your personal injury claim.