Is there a minimum personal injury settlement amount? No, there is no minimum amount that a person may receive when they have been personally injured.
Attorney Michael Ehline explains everything you need to know in this helpful video.
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is there a minimum personal injury
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settlement amount whether or not there
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is a minimal personal injury settlement
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amount depends on many factors is a
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general rule no there is no minimal
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amount one can settle a case for it made
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be determined in the course of
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litigation and investigation that the
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person who you’re seeking recovery for
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had no liability to begin with in that
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case you may want to consider doing a
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global settlement 40 the person you’re
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suing agrees not to come after you for
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malicious prosecution or abuse of
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process and in exchange you agree to
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release that person but as a general
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rule if that person is at fault it could
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be anywhere from zero dollars to
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millions or billions of dollars
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depending on what the evidence shows and
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what the insurance coverage is or assets
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of the defendant have available to pay
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the award or settlement. [Music]”
Exceptions may apply depending on your unique case. So you can always reach out to a serious injury law firm to understand your rights. You might qualify for compensation if you suffered injuries in an accident that was not your fault. Contact Ehline Law and our personal injury attorneys to help maximize the value of your case.
As noted above, regarding a settlement amount for a personal injury case, there is no minimum personal injury settlement amount. Every case is unique, having different facts.
Some personal injury cases may not offer settlements, while others may provide multi-million dollar settlements or successful verdicts.
Compensation is generally based on the facts of each case, making each personal injury case unique.
Settlement for a broken hand may vary compared to a payout for a brain injury resulting from a car accident. Nolo said more than half received settlements between $3,000 and $25,000. About 26% received more than $25,000, bringing the average personal injury settlement to $52,900.
Some critical factors that affect personal injury settlements include the following.
Insurance companies determine payouts by assessing medical bills and other economic damages arising from the treatment of the injuries. Severe injuries often result in more expenses and greater non-economic damages, including pain and suffering damages, leading to more significant payouts.
Insurance companies do not pay over the policy limits, so your settlement amount may depend on the defendant’s policy limits.
Although insurance companies do not pay over the policy limits, an experienced personal injury attorney can help explore other options, such as health insurance, to maximize your settlement.
An insurance company will try to settle as low as possible, but an experienced attorney can negotiate a good personal injury settlement.
Injured victims without legal representation have a lower chance of compensation than those who hire a personal injury lawyer.
Legal representation also affects how much personal injury cases pay. According to a survey conducted by Nolo, Injured victims with legal representation average about $77,600 in compensation, while those without one receive, on average, $17,600.
Even after taking out attorney’s fees from the settlement or court award, victims receive a three times higher settlement amount than those who remain unrepresented.
Most personal injury lawyers know how to build a solid injury claim by gathering evidence, assessing medical expenses, lost wages, and other damages, and negotiating with the insurance adjuster for a fair settlement.
In a personal injury lawsuit, where there is no mutual agreement on the settlement, an experienced trial attorney can take the case to trial. It could result in a higher award (the court may award punitive damages) unless the insurer is willing to resume settlement negotiations.
If you suffered injuries in an accident that was not your fault, contact us at (833) LETS-SUE for a free consultation on your personal injury claim. We have the legal team to help build a solid case, gather evidence, and deal with the insurer to get you fair compensation.
Michael Ehline
Michael Ehline is an inactive U.S. Marine and world-famous legal historian. Michael helped draft the Cruise Ship Safety Act and has won some of U.S. history’s largest motorcycle accident settlements. Together with his legal team, Michael and the Ehline Law Firm collect damages on behalf of clients. We pride ourselves on being available to answer your most pressing and difficult questions 24/7. We are proud sponsors of the Paul Ehline Memorial Motorcycle Ride and a Service Disabled Veteran Operated Business. (SDVOB.) We are ready to fight.