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How Recovery Amounts Are Determined

December 31, 2014 Hastings and Hastings

How Recovery Amounts Are Determined

While each personal injury case is unique and different, filing a personal injury claim often results in a substantial recovery or settlement for those who have been injured due to the negligence of another individual or company. In most situations, a settlement amount will vary based upon the amount of property damage that has occurred and whether or not someone was indeed negligent.

Calculated Based On The Worth Of The Case

In addition, the total cost of medical treatment already incurred as a result of injuries as well as whether or not a defendant has adequate assets or insurance can play a big role in determining the amount of a recovery. In most instances, a recovery or settlement will be calculated based on the worth of the case. There are many factors that go into determining the actual worth of a case including medical bills, the injured party’s age and any emotional pain and suffering that may have been experienced. In addition, the potential for developing future health related problems as the result of an accident may also be considered.

Future Medical Treatment Expenses

Other key concerns when determining a recovery amount include a client’s inability to earn a living as a result of an accident. This along with decreased quality of life and future medical treatment expenses as well as lost wages and permanent disability can have a major impact on a settlement award. From motorcycle accidents to bicycling related accidents and pedestrian accidents as well as slip and fall type accidents, settlements are awarded every day across the country to those who have been injured through no fault of their own.

Mounting Medical Expenses And The Ravages Of Lost Wages

Consulting with an experienced and professional personal injury attorney is often the best approach to seeking out a recovery or settlement. That is why it is so important for individuals who have been involved in an accident to seek out medical attention first, immediately followed by legal representation. By understanding how settlement amounts are actually determined, clients can have a better expectation with regard to the recovery or settlement that could potentially be awarded. Those who are experiencing mounting medical expenses and the ravages of lost wages rely upon a recovery or settlement to survive a challenging accident that was not their fault. Contact Hastings and Hastings today for Phoenix personal injury legal assistance that features discounted lawyer’s fees.