The biggest concern for recently injured sufferers is not knowing if they’re eligible for a settlement. As mentioned in the above video, injury settlements keep individuals financially stable until they’re back on their feet. Let’s see how a personal injury settlement is created to both sides’ satisfaction.
1) Injury Severity Factors in Accident Settlement Amount
A personal injury accident lawyer uses an injury severity tier formula to calculate a fair settlement agreement. Permanent disfigurement or disability is at the top of the tier.
The next level is a broken bone or deep laceration. The final tier is minor injuries such as ankle sprains, bone bruises, or muscle strains.
2) Pain and Suffering are Key to an Accident Settlement
Personal injury attorneys feel pain and suffering play a role in how an injury settlement will look like. They must accurately calculate the number of days that the pain persisted. Often, evidence (medical records and testimony from a primary physician) is used to prove the extent of the client’s pain and suffering.
3) Medical Records and Lost Wages Factor Heavily into a Settlement Agreement
Medical records and lost wages will influence the settlement agreement. Both sides will negotiate before agreeing on a final number. A personal injury accident lawyer must show how the injuries sustained will impact their client’s lifestyle.
Several factors go into calculating an injury settlement. The formula is structured fairly and objectively for both sides.
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