What is The Average Personal Injury Settlement Amount?
If you’re considering filing a personal injury claim, you’re probably wondering how much you could expect to recover from the at-fault party. While you might find numbers online purporting to be the answer, the fact of the matter is that too many unique factors influence the value of a personal injury case to give you a clear idea of how much yours could be worth. The good news, however, is that most personal injury attorneys give free consultations, so there’s no cost or risk on your part to getting a personalized answer from a professional.
Factors Influencing Settlement Amounts in Ohio
Several factors affect how much a given personal injury case could be worth. Here are some of the most pressing:
- The cost of medical treatment: Medical expenses often make up a large part of any settlement. More severe injuries necessitate more medical intervention, which
- How long the injured party is out of work: Accident victims are generally entitled to compensation for lost wages, so the longer a claimant is unable to work, the more money they could be owed. Moreover, long-term impairment affecting their ability to advance their career should also be factored into a settlement figure.
- The long-term effects of the injuries: Accident victims should be compensated for the ways their injuries will continue to affect them after the settlement is signed. As such, individuals who suffer long-term or permanent disabilities like spinal cord damage and severe scarring should be compensated accordingly.
- Whether the claimant is at all to blame for the accident: If the injured party is partially at fault for the accident, their settlement value may be reduced based on their degree of fault.
- How much insurance coverage is available: The at-fault party’s insurance policy limits often serve as a cap the amount of compensation.
Average Settlement Ranges for Personal Injury Cases in Ohio
Crucially, personal injury settlements are confidential, which means there is no way of knowing what a true average is, since the details of each case remain private. Having said that, accidents that result in only short-term injuries that involve limited medical treatment and lost wages will likely settle for a few thousand dollars. In contrast, those that result in long-term disabilities, ongoing care costs, and diminished career opportunities can settle for six figures or more.
How a Personal Injury Lawyer Can Maximize Your Settlement
A personal injury lawyer can help you seek the largest settlement possible by:
- Independently investigating the accident to prove
- Working with specialists to understand your current and future financial needs
- Putting a fair value on your pain and suffering, which may be a substantial portion of your compensation
- Negotiating aggressively and persuasively with the at-fault party’s insurance company
- Preparing for trial to keep the pressure on the insurer to settle
- Taking your case to court if litigation becomes the best way to secure the money you deserve
Contact Our Ohio Personal Injury Attorneys to Learn More
Want to learn more about how much your case could be worth? Then reach out to Amourgis & Associates, Attorneys at Law, for a free review of your case. We’ll give you an idea of what to expect during the legal process and explain how we can help you pursue every cent you’re owed. Don’t wait – contact our Ohio personal injury attorneys today.
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At Amourgis & Associates, Attorneys at Law, we only represent consumers. We fight for regular people who have been seriously hurt in accidents. We fight for people who are being crushed by overwhelming debt and need a fresh start. We fight for individuals and families. Never businesses. Never insurance companies. We are loyal to the consumer.
