The type of personal injury claim is a factor in the average payout or settlement. Generally, a slip and fall accident at a business will pay less than a car or semi-truck accident. This is because proving the business is at fault is more difficult since you may be blamed for falling. If you are seriously injured in a personal injury case, the liability (who is at fault) and extent of the injury will determine to a large extent the average payout when you settle. Insurance is usually not an issue with non-vehicle cases since there are often commercial business policies. In a vehicle accident, the amount of insurance to collect is important in determining the settlement. At Flora Templeton Stuart Accident Injury Lawyers, we have settlements ranging from under ten thousand dollars to millions for our clients.
If you are injured in a car crash or slip and fall due to another person’s negligence, you are undoubtedly dealing with lost time at work, medical bills, and emotional and physical distress. Medical bills and other expenses that keep piling up might overwhelm you.
As you worry about these expenses, you might be wondering how much the average payout is for a personal injury claim. An insurance settlement can compensate you for all the money you spend on medical bills. It can also make up for physical and psychological trauma, lost wages, and repairing or replacing your car.
The range of possible settlement payouts varies, and Flora Templeton Stuart can help you make a better estimate on the settlement amount based on the specific circumstances of your case.
Read on to learn more about personal injury compensation claims and what affects their outcome.
It can be challenging and irresponsible to put a dollar figure on a particular personal injury case. Average personal injury claims range greatly. The value of a personal injury claim depends on various factors such as medical bills, lost wages, and property damage.
While most cases fall between the very low and the very high end of average settlements, there are also exceptional cases. Some cases settle for millions of dollars, but they involve unique circumstances with either punitive or extraordinary damages.
An expert personal injury lawyer can help you determine where your case falls on the scope of typical personal injury settlements.
Calculating personal injury settlements is not always easy. Although there is no foolproof formula to calculate payments, understanding factors that affect the value of a personal injury claim can help attorneys manage a client’s expectations through negotiations. Below are factors that affect the outcome:
Once you file a personal injury claim, recovering the most money is the central part of the process. Therefore, it’s in your best interest to find ways to increase your personal injury settlement. There are several ways you can achieve this:
Never assume that a personal injury attorney won’t take your case because it falls on average or below-average compensation. Our personal injury attorneys at Flora Templeton Stuart are devoted to helping you win the compensation you deserve no matter how long the case takes and there is a never a fee unless we win your case.
With the help of an accomplished lawyer, you are sure of a team of legal experts fighting for you. They know how to maximize your compensation by assessing factors that can impact your injury settlement. With a well-analyzed case, you can easily be rewarded with the settlement you deserve.
Are you wondering about the value of your personal injury claim and how your case compares to the average injury settlement in Kentucky? At the Flora Templeton Stuart Injury Accident Lawyers, we help accident victims get their rightful compensation. We have 45+ years of experience handling personal injury claims in Kentucky and Tennessee courts. We will build your case and work with you from the beginning to the end. Contact us today or schedule a free consultation so we can help maximize your settlement. We are available 24/7 and travel to our injured clients.