What Affects the Value of Your Personal Injury Settlement?

If you have been injured due to the negligence of another person, then filing a personal injury claim can be a great way to receive compensation for your medical bills and other damages. However, there are a variety of factors that can affect the value of your settlement, and it's important to understand them so you can maximize your chances of receiving a favorable outcome. In this blog post, we'll be exploring the most influential factors explained by law experts from personal injury law firm in Los Lunas nm that could make or break your personal injury claim.

The Severity of Your Injuries

When it comes to personal injury claims, the severity of your injuries is one of the most important factors that can make or break your case. The more serious your injuries are, the more money you may be able to claim in compensation.

It’s important to get a medical professional to assess your injuries and document them in detail. This will give you a better understanding of the long-term impact of your injuries, as well as any financial costs associated with them. This information can be used when calculating how much you should receive in damages for your personal injury claim.

In addition, the severity of your injuries will also determine how long it will take for you to recover from them. The length of time needed to fully recover from an injury can affect the amount of damages that you receive. It can also impact the types of damages you can seek, such as compensation for lost wages if you’re unable to work due to your injuries. Talk to your personal injury attorney in Los Lunas before filing a personal injury claim.

2. How Much Time You Missed from Work

Your claim for lost wages needs to include any time you missed from work due to medical appointments, physical therapy, or just plain inability to work because of your injuries. You should also include any lost overtime hours, vacation time, and bonuses you may have missed out on due to your injury.

In addition to actual lost wages, you should also include any potential future lost wages that could result from your injury. This could include things like promotions or raises that you may have otherwise been eligible for had you not been injured.

Having an accurate record of time missed from work is essential for receiving the full amount of compensation for your injury claim. If you’re not sure what kind of evidence you need or how to present it, be sure to consult with car accident lawyers in Los Lunas. They can help you determine the value of your claim and guide you through the process.

3. The Cost of Your Medical Bills

When it comes to personal injury claims, your medical bills are one of the most important factors that could make or break your settlement. Not only do medical bills serve as evidence of the severity of your injuries, but they also play a large role in determining how much you receive in compensation.

4. Whether You Were Partially at Fault

If you are found to be partially at fault, the amount of compensation you are eligible to receive may be reduced or even eliminated. In many states, a doctrine known as comparative negligence is applied when assessing liability for personal injury claims. This means that if both parties are found to be partly responsible for causing an accident, the damages each party can collect from the other will be proportionately reduced.

Therefore, it is important to consider your role in the accident when determining how much compensation you can expect to receive. Make sure to provide evidence that proves you were not at fault for causing the accident, such as photos of the scene and witness statements.

5. The Strength of Your Case

The strength of your case is one of the most important factors that will determine how much compensation you are able to receive. This means that if your case is weak or not supported by enough evidence, you may end up with a low settlement amount or even have your claim denied altogether. To build a strong case, it is important to provide adequate evidence that shows the other party is at fault for the accident and that your injuries are related to the incident. This could include photos, police reports, medical records, eyewitness accounts, and other relevant information.

By taking into account these factors, you can get a better idea of how much compensation you may be eligible for in your personal injury claim. If you’re unsure of how to proceed or need assistance gathering evidence and filing a claim, it is advisable to seek legal advice from a personal injury attorney in Los Lunas who can guide you through the process and ensure that you receive the compensation you deserve.

Based in Albuquerque, The Law Office of Lucero & Howard, Llc is committed to provide personalized legal representation since 2012.