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FAQ

Have a Specific Settlement Amount in Mind. Do Not Jump at a First Offer. Get the Adjuster to Justify a Low Offer. Emphasize Emotional Points in Your Favor. Wait for a Response. Know When To Engage an Attorney. Put the Settlement in Writing.

How Much Compensation Is Typical in Personal Injury Cases? More than half of our readers received payouts ranging from just $3,000 to $25,000. But another 26% of readers received over $25,000, making the overall average $52,900.

Your settlement draft (check), will show a total amount paid on the bodily injury claim. The auto accident settlement amounts will not generally categorize what amount was specifically for pain and suffering, medical bills, or wages. Everyone that is owed money from the case will be paid from those proceeds.

Settlement is faster, less expensive, and less risky. Most personal injury cases settle out of court, well before trial, and many settle before a personal injury lawsuit even needs to be filed. Settling out of court can provide a number of advantages over litigating a case through to the (often bitter) end.

A settlement can take anywhere from two weeks up to a couple years. It is always smart to contact an attorney as soon as possible after receiving initial medical treatment so they can start working on your case.

Step One: Calculate Special Damages. First, you must calculate special damages. Step Two: Calculate General Damages. Next, calculate general damages. Step Three: Adjust the Value of Your Claim. Next, you must adjust the amount you calculated above to reflect the following factors: Step Four: Make Your Settlement Offer.

Should I accept the first compensation offer? Unless you have taken independent legal advice on the whole value of your claim, you should not accept a first offer from an insurance company.

A general rule is 75% to 100% higher than what you would actually be satisfied with. For example, if you think your claim is worth between $1,500 and $2,000, make your first demand for $3,000 or $4,000. If you think your claim is worth $4,000 to $5,000, make your first demand for $8,000 or $10,000.

If you can afford to wait, you never want to settle a personal injury case until you have reached a point of maximum medical improvement (MMI) from your injuries. MMI means that you are as good as you are going to get, and you and your lawyer know how to value your case.