Understanding Personal Injury Settlements | Lawrence & Associates

If you’ve been in a motor vehicle collision, you may be asking yourself what the average for your settlement might be, what should you expect and the answer to that question is dependent upon two things you may not be thinking about. The first one is not how much in damages you have but how much in insurance coverage the other person has. If they have $25,000 in insurance coverage you may be very very hurt but there’s not enough money for them to pay out to cover your damages and that affects the average settlement you can expect in many states the minimum insurance policy limits for liability is $25,000 so it’s frequently that you’ll see that amount as a settlement amount for people who are very injured or who have had at least a significant amount of medical treatment. The other thing you may not be thinking of is how much your medical bills are you need to remember when you settle a personal injury case that your medical bills form the foundation for the entire settlement the more that you’re treating, the more damages are being generated in medical bills and also the more you’re likely to get in pain and suffering which is another important part of your damages. A third thing you need to consider is how much time you miss from work that is also an important structural part of your settlement that’s going to lend itself toward damages. If you can calculate your medical bills and your missed time from work you can guesstimate pretty accurately what a settlement might be. If you would like to know more about what your settlement could be give us a call at Lawrence Associates.