Many accident victims want to know if their settlement amount will be enough to compensate them for the hardship and struggles they’ve endured. If the case goes to trial, the claim will be worth whatever the jury decides. However, the vast majority of cases are settled out of court, and attorneys in the case will determine a figure during settlement negotiations. In both cases, it can be difficult to know the exact amount that a victim can receive without a careful examination of the facts.
Factors That Can Affect the Value of a Personal Injury Claim
Attorneys and insurers must consider many different variables before arriving at a fair settlement value for a case. They may consider recent Rhode Island jury verdicts and settlements as a starting point for negotiations, especially if those amounts help their cases.
Your ability to recover fair compensation will depend on:
- Your medical bills. These should total the amount you have paid for trips to or stays in the hospital and all medical costs associated with the injury, as well as the amount you could pay for medical costs in the future.
- Your property losses. These losses can include property damage (such as the loss of your vehicle), as well as expenses for property modification due to your injuries (such as installing a wheelchair ramp).
- Your ability to work. Because your past lost wages, future loss of income, and permanent disability can amount to thousands of dollars, you will need substantial medical evidence to prove the extent of these losses.
- Your story. There is no limit on the amount of damages a victim can receive to compensate for pain and suffering. If you have suffered unfairly during the course of your injury or recovery, the jury will likely be more sympathetic to your case.
- Your attorney. Finding the right personal injury attorney is vital to your case. The person representing you should have experience handling your kind of accident, know the difficulties of the specific injuries you have sustained, be familiar with all applicable laws involved, and have experience in settling cases, negotiating with insurers or other lawyers, and representing clients in court.
At Kirshenbaum & Kirshenbaum, we take the time to go over every facet of your case, the details of your injuries, the emotional aspects caused by your injuries, and your treatment. We work to learn exactly how the accident and the injuries affected your life and strive to understand the true value of your case. Contact us by filling out our online form to start a no-cost, initial consultation.