Determining the exact amount of cash that represents your losses will be a tough task. There is no direct special formula for calculating an ideal amount. Each and every injury claim is completely different. The settlement generally depends on the unique circumstances that leads to injury. So you must get in touch with firms like The Barnes Firm in New York to get your own lawyer for handling your injury case. The injury lawyer can help you get some idea on your claim amount and can also legally represent you in the court case.
Let’s see few of the major factors that influence the claim amount. Knowing these factors can help you judge the correct settlement amount.
Looking at Average Injury Settlement
The average injury settlement amounts generally differ and the value in a particular case depends on various factors that will be specific to the case, which includes medicals bills, property damage, lost wages, as well as more. On a low end, the injury case will settle for just some thousand dollars. However, most of the personal injury cases will settle for more.
The average personal injury amount will be around $3,000 & $75,000. So, you need to be careful when you are using the average injury settlement calculator that will give you a little idea about what you might stand to collect. The numbers depend on an individual case & are tough to predict without taking professional help.
Most of the cases come in between the high & low end of an average settlement. There’re outliers –probably you have heard about the people to get settlements, which are some dollars. Certain cases settle for much, however, they generally involve unique situations with punitive damages and other extraordinary damages. The experienced injury attorney will help you to determine where the case falls on a spectrum of the typical injury settlements.
Calculating the Special Damages
You may calculate the special damages just by adding together the hard costs that will result from the personal injury.
Damages include right dollar amounts of:
- Medical bills, which includes therapy & nursing care
- Past & future lost wages
- Replacement costs, like housekeeping, childcare, and yard work when you got incapacitated
- Out-of-pocket costs, like crutches, medications, or transportation fees for the medical appointments
- The total of the special damages is the foundation of the personal injury calculations. Without the medical bills, you will not get far with the injury claim.
- Lost and damaged personal products
Make sure you include the full amount of each medical bill, even though the healthcare plan covered just some or all costs at a time you got treated.
What Affects Outcome in the Personal Injury Claims?
There are certain main things that affect the outcome of the claim settlement amount judgment. Let’s see them one by one.
- Medical documentation – You need to have proper medical history documentation presented to the jury. If you miss important documents, then it will have big change in the approved claim amount.
- Witness Credibility – If your case have strong witness evidences then you need to make sure that their evidences are included in the hearing. This will surely turn the case positively for you.
- Number of Defendants – Do proper analysis of the number of defendants involved. The more the number of defendants, it’s easy to involve more insurance parties for claim settlement.
These are few of the main factors that influence the settlement decision by the jury. So in order to analyze all these things, it’s better to hire a good lawyer to represent your case.
Punitive Damages in the Injury Cases
For cases where the defendant’s conduct gets deemed egregious and outrageously careless, the personal injury plaintiff will be rewarded punitive damages over the top of the compensatory damages award. The punitive damages can stem from the rationale, which is very different from the justification tied to the compensatory damages that try to “make somebody whole.”
The punitive damages will be awarded to an injured plaintiff, however, the real goal of such types of damages is punishing the defendant for the conduct—”hit them in a pocketbook,” hence—to act as the deterrent. As it is not unusual for the punitive awards to top millions of dollars, the majority of the states have already set a certain kind of cap on the punitive damage in personal injury cases.