A personal injury settlement is an agreement by which the injured plaintiff releases the defendant from any liability in connection with an accident in exchange for some amount of monetary compensation.
It’s natural for an injury claimant to ask how much they might receive in a settlement, but the answer depends on the specific facts of the case. Both sides of a personal injury case are concerned about the likely outcome of a trial, so a stronger case often results in a bigger settlement. But the average settlement amount is usually much lower than the average court award. That’s because the parties understand they are saving time and money and avoiding the risk that an unpredictable jury might return an adverse verdict.
While every injury claim is unique, the factors that have the greatest impact on the value of the settlement include:
- The severity of your injuries
- Whether your injuries are short-term, long lasting, or even permanent
- The extent and cost of your medical treatment
- Whether fault for the underlying accident is clear or in dispute
- The willingness of both sides to solve the case
Talking to experienced personal injury attorney, Matt Dion, can give you a good sense of your injury claim’s potential value.