Factors That a Personal Injury Lawyer Uses to Determine the Costs of a Settlement

 When the insurer puts a dollar amount on the injuries you sustained in an accident, job injury, or any other accident, your lawyer is supposed to come up with a counteroffer.

Various variables come into play when determining the value of the personal injury. The figure that the lawyer comes up with is not a guess. Every case is different, but a few factors tend to increase or decrease the value of your possible compensation.

Let us look at the various aspects that New haven personal injury lawyers utilize to come up with an estimate.

The Severity of the Injury

This is one of the essential factors in determining the value of the case. Injuries that cause permanent disability or compromise the quality of life attract a higher amount. On the other hand, minor injuries call for a lower compensation amount.

“Studies show that 16 percent of personal injury settlements for accidents that led to spinal cord injuries exceeded $1million”

Severe injuries include broken bones, brain damage, and spinal injuries. Minor injuries include bruises, soft tissue injuries, and contusions.

The Type of Treatment and Duration of Recovery from the Injury

The kind of treatment you receive for the injury determines the compensation cost. If the injury requires surgical procedures, you stand to get more compensation. Additionally, if it takes longer to heal from an injury, you are looking at a better package than if the treatment took just a few days.

These come into play because they directly determine the cost of the treatment. Most of these costs are reimbursed through compensation. You are entitled to reimbursement of all the costs of treatment, which is why you need to retain a copy of all the medical receipts from the doctor.

The Percentage of Liability

To get compensated, you must prove that the defendant holds more liability for the injury. If the evidence determines that you are 30 percent at fault for the accident that led to the injury, you can comfortably recover 70 percent of the total damages from the injury.

The higher the liability, the less the compensation. New haven personal injury lawyers analyze the evidence provided to determine the percentage of liability and advise you accordingly.

The Level of Trauma Suffered Due to the Injury

Accidents cause physical and emotional trauma. The level of trauma depends on the severity of the injury. Some accidents lead to trauma that is debilitating to the victim. These attract a higher compensation compared to little or no trauma caused after the accident.

Lost Earnings due to the Accident

Loss of earnings gets factored in the calculation of the compensation. The value of lost earnings depends on how much you earn per week or month and how this has been affected by the accident. If you didn’t have a job by the time of the accident, you wouldn't be able to claim compensation.

Apart from lost earnings, the lawyer also looks at lost opportunities and bonuses. These include promotional opportunities that you would have gained while you were on unpaid leave.

Do You Need a Personal Injury Lawyer

New Haven personal injury lawyers help you gather evidence, preserve it and use it to get the compensation you deserve after an injury. The earlier you begin working with an experienced lawyer, the better the outcome of the case.

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