Key Factors That Influence Personal Injury Settlements

When you’ve been injured, you have the right to seek recompense for your losses from the responsible party. The amount you’ll be able to recover, however, is going to depend on a number of important factors. One of the most important is your choice of personal injury lawyer. If you’re looking to maximize your settlement in Dyer, IN, request a free consultation with us at Tanzillo Stassin & Babcock P.C.

Key Factors That Influence Personal Injury Settlements

1. How Badly You Were Injured

Medical bills are usually the biggest expense in a personal injury case, and your medical bills are usually the foundation of all the other parts of your settlement. To calculate your non-economic damages, commonly referred to as “pain and suffering,” you’ll multiply the total of your economic losses by a number between one and five. The more serious your injuries and the harder it is to recover from them, the higher that number will be. And the more medical care that your injuries required, the higher your medical bills and the bigger that first number you’ll multiply against one through five.

2. Your Liability

Indiana has a comparative fault rule that allows victims in an accident to collect compensation so long as they are not more at fault than everyone else. If there are two people involved, this means you can’t be 51% or more at fault. However, the rules also allow for compensation to be reduced by the same percentage as your fault. That means if you’re found to be 20% at fault for your accident, your total compensation would be reduced by 20%, as well. It’s important to work with a lawyer who can protect you from any attempt to blame you unfairly.

3. Insurance Limits

All insurance coverages come with limits. Thus, even if you have a very strong case, if the liable party only has a small insurance policy, you will struggle to get anything beyond the policy limits. If there are several people at fault, you may be able to bring a claim against multiple parties. And in some cases, if your losses are particularly high and if the at-fault person has plenty of personal resources, you may be able to claim something from them directly. But in most cases, insurance limits put boundaries around how much you can get in a settlement.

4. The Skill of Your Dyer, IN Personal Injury Lawyer

One of the most important factors in your settlement is the skill and experience of your lawyer. A good lawyer will be able to properly calculate the full extent of your damages, find the evidence needed to prove your request is reasonable, negotiate for you, defend you against inappropriate blame, and take care of all the legalities on your behalf.Studies show that those who bring a personal injury claim with a lawyer almost always walk away with a bigger settlement than those who don’t, even after legal fees are considered. Set up a free consultation with Tanzillo Stassin & Babcock P.C. in Dyer, IN today. We also serve Merrillville. 

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