Personal Injury Settlement Amounts

Individuals who have been injured due to the negligence of others often wonder what their personal injury settlement amounts are going to be. Their attorney will be able to help them with estimates and with the amount they are going to ask for as a settlement. There is not a set amount that covers any particular injury. There are many factors that will influence the settlement. The extent of injuries, type of accident, medical bills incurred, age of victim, expected future financial loss on earning potential and the extent of liability of the defendant. Higher compensation is often awarded to younger victims due to the life expectancy and the impact of health complications being much longer than that of an older victim who has a shorter life expectancy. Personal injury settlement amounts are also dependent on how severe the injury is. Burns are an excellent example; a first degree burn will heal quickly and leave no scar while a third degree burn can require skin grafts and extensive hospital care. The third degree burn will obviously receive a larger settlement than the first degree burn.

Fast Facts

  • National statistics estimate that plaintiffs prevail in 52% of personal injury cases.
  • The national median settlement for personal injury awards is $34,550.00
  • Car accidents result in over 3 million injuries per year which then lead to personal injury settlements. Amusement parks lead to 7,000 injuries per year.

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