Top Factors that Determine the Value Settlement of a Personal Injury Case
Accidents can happen anytime and anywhere, especially when you thought your day was unfolding perfectly. Even if you are just driving or walking the streets to meet a good friend or run an errand, an ounce of recklessness can cause mild to severe damages. Prevention is always better than cure, but once damage has been done, you just have to deal with it the smart way.
Personal injury is something caused by an act that was done to harm a person, either by accident or by intention. An obvious scenario is an incident when someone is run over by a car. Defective products are considered to cause personal injury as well. Manufacturers of skin products that worsen someone’s condition could also be liable for personal injury.
4 Factors Affecting the Value of Settlement in Personal Injury Cases
The law protects the plaintiff, or the injured person, by holding the defendant, or the person who caused the personal injury, accountable to pay for the damages done. When it comes to resolving cases like these, the decision on the value settlement of a personal injury case is affected by various factors.
Here are the top factors that determine the value settlement of a personal injury case are as follows:
- Gravity of the Injury
Injuries are classified as hard or soft. Hard injuries include fractured bones, damaged head, broken joints, and smashed spine, among others. Soft injuries, on the other hand, pertain to small wounds and bruises and minor sprains.
If your personal injury is categorized under hard injuries, the value settlement of your case is greater. When the injuries sustained are not so severe, the value settlement is not as high.
- Medical Treatment
Medical diagnosis and treatment provided by medical doctors also greatly impact the value settlement of a personal injury case. If your medical diagnosis expenses cost more than your treatment, the value settlement of your case is lesser.
Also, if your medical treatment is ongoing, it will be difficult to settle a claim. Once treatment is completed, you can easily lay down all the expenses. More surgical procedures mean greater value settlement.
- Property Damage
If both the defendant and the plaintiff have their own vehicles and are both involved in the accident, property damage will also be a factor to determine the value settlement of your personal injury case. Similar to the gravity of the injury, value settlement is greater for major property damages and lesser for minor ones.
Especially if the plaintiff is severely injured, income also has a huge say on the value settlement. If the accident has caused you to lose your capacity to work, the value settlement of your personal injury case is greater. It will be greater because it will serve as a compensation for the money that you could be making if only the accident had not severely injured you.
Contact a Personal Injury Lawyer
While the top factors that determine the value settlement of a personal injury case have been enumerated above, an attorney is still the best person to turn to. Their experience and expertise in the field can attest that they can handle your personal injury case well. Matt Fleming is an experienced, highly professional, and tenacious lawyer who will fight for you. Contact him today.