There are a variety of factors that determine the value of a personal injury claim. The amount of physical pain that a person experiences after a car accident is usually the greatest harm. Using a formula to determine the value of a personal injury claim can help a victim determine how much their claim is worth. An attorney can also help collect documentation needed to make insurance claims. Attorneys can also help clients determine how much they are owed in settlements.
The average car accident injury settlement will include medical expenses, which include the costs you have already paid for and those that have accrued. Some of these costs will be paid by the settlement money, while others will require you to pay for them in full up front. If you’re in the hospital for a lengthy period of time, you’ll likely receive a higher settlement amount. Other damages to consider when calculating the amount of a car accident settlement include lost wages and medical bills.
One case involves a woman who was rear-ended by a car in Orlando. She claimed that the accident caused a meniscus tear in her knee. The at-fault driver’s insurance company, USAA, paid her a settlement of $30,000. Cordario was the driver of the car involved in the accident in Flemington, Marion County, Florida. She was injured and was taken to the hospital.
An average car accident settlement for an injury varies by type of injury. Soft tissue injuries, such as whiplash, can cost between $2,500 and $10,000. More severe injuries, such as broken bones, may require upwards of $100,000. If you suffer a broken bone, you may be able to receive up to a million dollars as compensation. The average settlement for a car accident with injury may include medical expenses, prescription medications, and overnight hospital stays.
When determining a car accident settlement, judges consider a number of factors, including the severity of the wreck, type of injury, length of therapy, and medical bills. In addition to the number of medical bills, the judge will also consider other factors, including whether your injury is permanent or not, the severity of the wreck, and your loss of income. The average settlement amount of a car accident with injury is three times the medical bills you will incur from the accident.
In most cases, an average car accident settlement will be under $18,417. If the accident was the fault of another party, the settlement will be more substantial. In Texas, for example, some car accident victims have received settlements as high as six-figure amounts. Depending on the severity of the injuries sustained, you may be able to recover more money than this amount. If the accident was the fault of another person, you can sue the other driver separately to recover an additional $10,000. Alternatively, you may be able to file a lawsuit with your own insurance company.
The plaintiff in this case suffered a tear to her rotator cuff and glenoid labrum in her right shoulder. She also suffered a dislocated left shoulder and a fractured left leg. She was hospitalized for more than a month, and required surgery the day after the accident to repair the damaged tissue. After discharge, she sought physical therapy. Her shoulder was also dislocated and needed reconstructive surgery. Her total recovery was $1,250,000.
In this case, the plaintiff’s case was particularly complicated due to her recent shoulder surgery and spinal fusion therapy a year earlier. Her recent shoulder surgery would significantly reduce her compensation, but she was still seeking damages. Because of the complexity of this case, she was able to secure a $300,000 settlement, pre-trial mediation. Although the defendant denied fault, the settlement was nonetheless worth $325,000.
There are many factors that contribute to the value of a car accident settlement. Every case is unique. Depending on the circumstances of the case, it could take months, even years, to settle the case. If a car accident case requires extensive medical treatment or extensive property damage, the timetable could take years. In these situations, it is best to seek an attorney to ensure the best possible outcome.