Why Does Injury Lawyer In Stouffville Not Follow The Rule
of Average For Settlement?
Ideally, there is nothing called an "Average" personal injury settlement amount. Each case is unique and therefore differs in the dollar amount. Therefore, if you and your friend are injured in the same car accident the amount of claim that you will receive may differ from what your friend received. It all depends on the severity of the injuries and its impact on your day to day life. Therefore, the Injury Lawyer in Stouffville has to consider all these facts and factors to arrive at a fair claim amount and it is not at all simple which is why you should always hire such an expert.
Personal Injury Settlements
A personal injury settlement is the process in which the defendant, the plaintiff and the insurance company discusses and negotiates on the favorable settlement amount. It is not necessary for your Injury Lawyer in Stouffville to be present at the scene but the guidance is solicited. After a lot of offers and counter offers with proper reasoning, an amount is determined. The claim amount is determined after thorough research on similar cases done by both the parties. The defendant pays it to the plaintiff and all liabilities and future claims are relinquished.Most personal injury claim cases are resolved in this process and even before a lawsuit is filed.
Median And Average
You may come across different websites and other publications during your research on your type of case that will give you a median settlement or jury verdict. Different types of personal injury lawsuits will have different medians. A few websites may even go a step further and may even give you a specific number that they will refer to be the “average” for any personal injury settlement. However, the truth is far from it as a median cannot give an average that you can use as a ball park figure for any type of personal injury case and the Injury Lawyer in Stouffville will advise you not to follow it.
The Key Factors
It is the individual factors of the case that will matter most and will be considered by the Injury Lawyer in Stouffville to ascertain the value of your case. One such factor is the asset of the defendant. If it is found that the defendant does not have adequate means to pay off your claim then claiming a high settlement amount is not feasible. Therefore, the defendant’s worth and the policy limit rules supreme in evaluating a personal injury case.
Damages and Liability
The damages play a significant role in calculating the value of a personal injury lawsuit. It will include medical expenses and all other financial and emotional losses that you have incurred due to the accident and injury. Moreover, punitive damages may be included in the claim amount, if it is found that the defendant acted intentionally. Liability is another factor to consider. If the defendant cannot be proved liable then question of claiming does not rise leave alone receiving it. Therefore, a large number of individual factors play a significant role in evaluating a case. Visit Here: Makaronets Personal Injury Law