Personal Injury Settlements

If you have been afflicted with an injury that has caused physical or mental pain and suffering or if you are responsible for the injury of another individual, it is crucial that you contact your personal injury attorneys in order to discuss the outcomes and calculate your personal injury settlements. Reinfeld Cabrera Tison. have come up with some points to help you understand how personal injury settlements are calculated.

When it comes to determining the fault factor of the incident, it is vital that you clearly identify who or what initiated the circumstances that led to the injury. If you are the one at fault for another’s injury then the settlement will be calculated on the type of premium and the amount of insurance coverage the injured party has been covered for. Additionally, the injured individual may also be able claim a PIP (personal injury paid) settlement. On the other hand, if you are the one who has been injured through the fault of another party then your settlement will be based on the type of premium and the amount of insurance coverage as per the party’s allotted coverage. You should contact experienced personal injury attorneys to help you determine who is at fault and to advise you as to the best options during your settlement.

It is prudent to be aware of the different bodily injury factors that can result in a settlement. These include things such as:

• Road conditions that result in highway accidents
• Reckless driving resulting in road accidents
• Slip and fall occurrences
• Work-related accidents
• Injuries that are caused by defective products
• Injuries received while on private property
• Injuries caused by assault and physical attacks

Other factors that may effect your personal injury settlement include the following:

• Present and future loss of income
• The ability to be gainfully employed in the present or future
• Costs involved with material loss
• Present or future life enjoyment
• Mental defect and if it temporary or permanent
• Emotional trauma
• The age of the injured party

It is important to provide accurate details of the incident, as these factors will play a huge part in determining the type of injury received, and therefore the settlement amount. Your personal injury attorneys will be the most knowledgeable when it comes to determining which factors will affect your settlement.

When it comes to calculating the settlement amount that will be disbursed for personal injuries there are many different formulas that are used by the various insurance companies. These formulas range from injuries that are not very severe to extreme personal injuries and special damages. Furthermore, a different formula is used if your actions are attributed to the cause of the injury. However, one should always be aware that every personal injury claim and settlement would be assessed on a case-by-case basis, taking into account circumstances, attributing conditions, and situations. If you are looking for personal injury attorneys to help you with your settlement look no further than the law offices of Reinfeld Cabrera Tison