The amount you ultimately receive from a personal injury settlement will depend on several factors. Read this blog post to learn what to expect. If you're calculating the liquidation value of a case, our calculator can help you predict the value of your case. After entering some key data, our calculator will calculate the value of your case. Start by writing down your medical expenses, property damage, and lost wages, which are your economic damages.
The calculator will then estimate your non-economic damages, such as pain and suffering. Injured people rightly believe that they should keep the largest percentage of the settlement funds when the case ends. The next factor that influences the award of your agreement is the total amount of economic damages you suffer. The percentage of a personal injury settlement that an attorney takes as payment for their services will vary depending on the specific characteristics of the case. In other words, the offender will object and will be reluctant to pay the full amount of the settlement you request if there is any evidence that you were also at fault for the incident or that you contributed to your own injuries.
This will include all court costs and fees associated with your court case or the insurance settlement. In Florida, calculating pain and suffering settlements can be a complex task that depends almost exclusively on the skills of an attorney. Numerous damages or losses are also considered when your attorney negotiates the amount of a settlement. Learn more about average personal injury settlements and the factors that may affect your personal injury compensation. When you reach a settlement agreement, it's your only chance to recover and put you back in your rightful position.
Insurance adjusters have an incentive to minimize your claim, but they also can't offer you a larger settlement than your insurance policy. This means they won't require you to pay an upfront fee, and instead, they'll take a percentage of any settlement or compensation you receive from the defendant. Settlements for personal injury claims create such a large industry because it's often difficult for the legitimate claimant to collect the compensation they are owed. One of the most important factors affecting liquidation amounts is the severity of the injuries present after the incident.
Be sure to keep a careful record of your expenses so that your attorneys can accurately calculate the value of your settlement.