What Is the Average Personal Injury Settlement Amount?
Do you need assistance with your personal injury claim? Contact an expert personal injury attorney today.
Suffering an injury can be more than just a painful experience. It can also leave you unable to do the things you once loved.
It can also be an extremely financially devastating event that makes it difficult to afford your basic costs of living. You may be wondering how you can afford to provide for your loved ones in the future.
Which is why if you’ve suffered an injury, filing a personal injury claim may be a wise idea. A personal injury claim may be the only way to recover compensation for your financial losses.
But before you initiate the claims process and hire a lawyer, how much you will be able to recover–and therefore, whether or not filing a claim is worth it–may be on your mind. Here’s a look into the average personal injury settlement amount in Wyoming. In addition, there are a factors that may affect the outcome of your case.
An “Average” Is Irrelevant
You shouldn’t be asked, “What the average personal injury claim settlement amount?”; you should be asking, “What’s my claim worth?” This is because an “average” will have nothing to do with your case – personal injury claims vary greatly on a case-by-case basis, and even a case that is eerily similar to yours may yield a different outcome. Rather than comparing your case to someone else’s, you should spend time learning more about the various factors that affect a settlement amount and working with a personal injury lawyer to determine your claim’s worth.
What Factors Affect a Settlement?
Consider the following factors that affect the value and outcome of a personal injury claim:
- Economic damages. How much money have you actually lost as a result of your injuries in the form of medical expenses, property damage costs, and lost wages? You can seek compensation for 100 percent of these expenses.
- Pain and suffering. You also maintain the right to seek compensation for your pain and suffering. One factor that may affect a pain and suffering award is the severity of your injuries. Also included is the number of days for which you are affected, and even things like your age and predicted long-term losses.
- Was the person who caused your injuries 100 percent to blame for your accident and harm? Can you prove it? If so, you will have a better chance of recovering the full settlement to which you’re entitled; if not, your compensation award can be reduced in proportion to your degree of fault, per Wyoming’s modified comparative negligence rule.
- The thing that will ultimately decide whether or not you’re able to recover the compensation award that you deserve is whether or not there is enough money available. Typically in the form of the defendant’s liability insurance, to pay your claim. A lack of, or not enough insurance can result in a smaller settlement, even if you deserve more.
A Skilled Wyoming Personal Injury Attorney Can Help
Working with a skilled Wyoming personal injury attorney can help improve the outcome of your claim. Your attorney will work hard to prove fault and investigate the cause of your accident. They will determine the value of your claim, and explore all potential recovery and insurance options.
At the office of Platte River Injury Law, we can start working on your case today. Please call us directly or send us a message to learn more about how we can help and to schedule a free case review.