There is no rule of thumb when it comes to the average of injury settlements. Anyone who claims to have an exact average amount of personal injury settlements is not being honest. It is because there are multiple different factors at play here. For instance, the circumstances of each accident may be different. It is also highly unlikely for accidents to have the same facts. Moreover, the laws about this issue may also differ from state to state. Hence, it is not always possible to quote an exact average figure right away. Surely, you can get a consultation from a personal injury lawyer Buffalo NY who can help you find answers to all of your questions. And in this article, we will help you with the ballpark of personal injury settlements.
What is a personal injury?
Before we go on to analyze the question at hand, it is essential to define personal injury. It is not possible to get a settlement for an injury inadmissible before the law. The party who makes the payment is usually the defendant. The settlement is offered for the plaintiff to drop the case. The usual practice of such cases is to end with settlements instead of jury verdicts.
What are legal proceedings for claiming a settlement?
The party who claims usually starts the legal process by filing a lawsuit. The defending party may launch a countersuit to help with their case. As the case proceeds, both the parties devise a rough estimate of how much the case is worth. This price is then usually negotiated by the lawyers of both sides. The final decision is to be made by the actual parties. Both sides avoid going to the jury verdict. It is because the decisions of the jury are highly unpredictable. No side can be sure of a victory when it comes to a jury verdict.
How much is the settlement?
Typically, the courts award an amount ranging from $3,500 to $75,000 in the personal injury settlement cases. An average of all the amounts is equal to $53,000. Only 10% of the cases result in settlements from $25,000 to $75,000. Also, 16% of the settlements are worth less than $3,500. However, you must not think of this amount as a measure to weight your case. Like we mentioned before, the merits of each case are different. If you are curious about your chances of getting paid, 7 out of 10 lawsuits result in settlements. However, the exact amount of settlements is highly deviant.
If you are planning to launch such a suit, you need to get a good lawyer to represent you. Getting a good lawyer may pay you off significantly by getting you higher settlements. You can easily find a personal injury lawyer Buffalo NY. The experience of a good lawyer can prove to be invaluable. There are also some strategies that only a good lawyer can help you get. We cannot stress enough on the importance of getting a good lawyer for your case. Once you get a good lawyer, you must sit down with him/her and discuss your strategy. Only then you can get the desired results.