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What is the Average Settlement For a Miami Personal Injury Claim?

Have you been injured in Miami, FL, as a result of someone else’s negligence? If so, you may be able to recover compensation for losses like your medical bills, lost wages, and more. You can typically pursue money through an insurance claim or lawsuit. A qualified personal injury attorney can maximize your chances of securing fair compensation for your claim.

Claimants in personal injury cases often wonder what their claims are worth. There’s no universal answer to this question. Your settlement value will depend on a wide range of factors. This overview will help you better understand the variables that influence the value of your claim.

Factors Influencing Personal Injury Settlements

A victim’s economic damages often have the largest influence on their settlement value after an injury. Economic damages represent your financial losses after an accident, including medical bills, lost wages, and pain and suffering.

For instance, if you’re involved in a truck accident in Miami, you’ll likely sustain major injuries. Those injuries will require costly medical treatment. You may miss work and lose income. The at-fault party would be responsible for these and other financial losses related to the accident.

Personal injury victims can often receive compensation for non-economic damages as well. These don’t have a clear value but attempt to make up for your personal losses. 

Examples include the following:

  • Pain and suffering
  • Anxiety
  • Depression
  • Loss of enjoyment of life
  • Loss of consortium
  • Disfigurement

Insurance companies often strive to pay claimants as little as possible. You can’t expect an insurer to tell you that you deserve compensation for your damages. A lawyer will assist you by fighting for compensation for all your relevant losses.

Personal Injury Cases That Pay the Most

The personal injury cases that typically result in the highest settlement amounts are those involving severe injuries. For example, if you’re harmed in a plane accident, your injuries could prevent you from ever working again. It’s also possible your injuries will leave you paralyzed, permanently impacting your quality of life. These outcomes entitle you to significant compensation.

Settlements also tend to be high in wrongful death cases. Those who lose loved ones unexpectedly because of another party’s carelessness deserve to be compensated for everything from their emotional pain to the loss of their loved ones’ income.

Payouts Can Vary, Even When Accidents Are Similar

No attorney can promise you’ll recover a certain amount of compensation for your injuries. Settlements can vary widely even when two parties’ accidents and damages are similar.

Truck accident cases often result in substantial payouts; accidents involving large commercial vehicles often result in major injury or death. However, there are instances when truck accidents can be relatively minor. 

The main point to remember is that the money you receive is supposed to compensate you for losses you sustained as a result of your accident. If you were involved in a minor collision with a truck, you wouldn’t be eligible for the same amount of compensation as someone who was paralyzed in a truck accident.

Your settlement will also depend on negotiations with the insurance company. This isn’t a task you need to handle on your own. Instead of working with an insurer directly, hire an attorney to negotiate for a fair settlement on your behalf. An attorney can use their skills and resources to present a persuasive claim for compensation. They will look out for your best interests and prevent the insurance company from undervaluing your claim.

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