Frequently Asked Questions Regarding Insurance Claim Settlements
What is the typical settlement amount?
Insurance firms will pay based on the amount they settled for in similar cases. The appropriate amount of insurance claim settlements is acknowledged when a seasoned trial lawyer evaluates details of the case, including information such as:
- Your age
- Long-term limitations caused by injury
- Possible complications caused by injury
- Effect on future earning capability
- Sum of the medical bills
- Activities you can no longer perform
- Upcoming medical bills
- Loss in income
How many personal injury cases go to trial for settlement?
The majority of cases do not result in trial. Roughly 95% of personal injury cases are settled without trial.
Can a prior injury affect the value of the settlement?
Typically, a person who is responsible or reckless is accountable only for the injury they caused. What this means is that you must prove there was carelessness and that it brought about your injury.
If it’s possible to prove that the person responsible for your injury made a prior injury worse, this can be taken into consideration for the value of the claim.
Are there any minimum or maximum amounts pre-determined in a personal injury case?
No. A settlement will never have a pre-determined minimum or maximum amount.
What are the primary issues involved in a settlement case?
Every case involves the issues of damages, liability, and source of settlement collection.