Arizona Settlement Agreement Auto Accident
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How to fill out Settlement Agreement Auto Accident?
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FAQ
It entails totaling your economic damages and multiplying them by a variable. Typically ranging from 1.5 to 5, higher variables are assigned to more severe cases. For instance, if you incurred $100,000 in economic damages and a 1.5 variable is applied, your pain and suffering damages would amount to $150,000.
An auto accident settlement in Phoenix, Arizona, will take at least 40 days. Under Arizona law, insurers usually have 10 days to acknowledge a claim and send the necessary forms to the claimant.
While the average settlement amount for Arizona car accidents ranges from $10,000 to $30,000, the amount you will receive depends on many factors. As your attorney, we cannot anticipate the exact amount of compensation you will get.
The median compensation payout for a herniated disc injury is between $80,000 to $150,000. Very serious herniated disc injuries (involving major complications) can be worth more than twice this amount. Remember, we are talking about civil personal injury claims.
The Pain and Suffering Multiplier They will tally up the value of your economic damages (medical bills, lost wages, etc.), and then multiply it by a number to calculate pain and suffering. Usually the number is between 1.5 and 5 depending on the severity of your injuries and the factors we discussed above.
Pain and suffering are difficult to articulate, and even harder to demonstrate in court. Nevertheless, Arizona allows injury claims for pain and suffering.
There are no limitations, or caps, related to pain and suffering damages in Arizona. Some states do place caps on non-economic damages, but this has been found to be against the Arizona constitution.
Two Years. Within Arizona, there is a two-year time limit for filing a personal injury claim. The law states that a plaintiff must start a claim within two years of the date of the cause of action for cases involving wrongful death, robbery, trespassing, medical malpractice and personal injuries.
