Unsure of how much to ask for in your personal injury settlement? There is no easy answer that applies to every case. Determining the value of your case and making a demand of the at-fault party is one of the important ways a Kealakekua attorney could help you recover the compensation you deserve.
If you have been injured through no fault of your own, you have the right to seek compensation for your injuries. Determining what to ask for is never easy, and doing it on your own is a risky endeavor. If you settle your case for less than its true value, you could be paying for your future damages out of pocket.
Protect yourself and your financial recovery by seeking out the advice of a Kealakekua attorney. The team at Olson & Sons understand how important your case is, and we are ready to serve as your advocates. Reach out to Olson & Sons as soon as possible to pursue your personal injury lawsuit.
What is the Average Value of a Personal Injury Settlement?
If you are curious about the average value of a personal injury settlement, you are not alone. Most people that have been injured due to the acts of a negligence person are curious about what their case might be worth. However, there is no simple answer to this question. This is true for a number of reasons.
First and foremost, the vast majority of personal injury settlements include language requiring confidentiality. That means that most settlement amounts are never made public. The few that are cannot be easily tabulated, either. There is no central clearinghouse for this type of data, meaning tracking it down case by case is the only option.
Thankfully, a Kealakekua attorney could advise you of all the factors that could impact your claim. For example, the severity of your injury will play a major role in determining what your case might be worth. For example, a minor cut is less likely to result in significant compensation compared to a traumatic brain injury. Other factors that could determine the value of your case include:
- Whether the defendant is insured
- Whether liability is in dispute
- Whether you share some of the blame for the accident
- Whether you are too injured to work
- Whether you failed to follow your doctor’s treatment plan
What Types of Damages Are Available in Kealakekua?
One of the best ways to reach an understanding of your case’s value is by reviewing the types of compensation that might be available to you. There are different types of damages available in a personal injury case, and a Kealakekua attorney could help you understand each type of compensation available in your case. Some examples include:
- Medical bills. The cost of your medical care can be significant. Our firm could help you recoup those costs.
- Lost wages. Missing work is never easy, especially when it costs you your only source of income. Replacing those wages is a possibility during your personal injury lawsuit.
- Pain and suffering. The physical pain from your injury would not have occurred if it were not for the defendant’s negligence. It is only fair they compensate you for that physical pain and suffering.
- Mental anguish. Damages could also be available for your mental anguish. This covers the emotional strain that can come with reliving an accident.
Sending the Demand Letter in Kealakekua
Although there are many opportunities for your Kealakekua attorney to resolve your case, the first opportunity to do so is through something known as a demand letter. The demand letter is the formal demand for monetary compensation made to the at-fault party or their insurance carrier.
Often, the demand letter is the first action your attorney will take on your behalf. This formal letter includes a breakdown of your losses, both past, and future. The letter will also explain the theory of the case, including why the defendant was at fault for your injuries.
The demand letter gives the defendant a choice. They have 30 days from the sending of the letter to either reach an agreement to settle the case or face litigation. Our firm is prepared to aggressively pursue either option on your behalf.
Talk to a Kealakekua Attorney As Soon As Possible
If you have been injured, it is understandable to wonder what your case might be worth. While there is no simple answer that applies to every case, our firm could carefully review the facts and advise you on the strength of your potential lawsuit. If you are ready to get started, a Kealakekua attorney could help. Contact Olson & Sons as soon as possible to learn more.