How Personal Injury Attorneys Calculate A Settlement for Clients
Injuries are never easy, especially when caused by another individual's mistake or negligence. In these cases, it's complicated to deal with the injury because it involves a settlement to help the victim get back on their feet. This video explains how personal injury attorneys calculate settlements.
Personal injury attorneys consider numerous factors when determining a settlement.
There are several areas relating to the injury that might receive compensation. The most common factor used to determine a settlement is medical expenses. They include both the past and future costs of treatment and care. These expenses also cover medical accessories like crutches and wheelchairs.
Lost income is another area of settlement. It includes the income lost from missing work. If the victim cannot resume work after the injury, they are compensated for future lost income. The victim will also receive compensation for damaged property, such as a car. The compensation will cover the replacement or repair cost of the property. However, this area only applies to the property involved in the accident.
Personal injury attorneys work with their clients to determine the settlement amount to ask for.