How Is Settlement’s Value Affected By Specific Factors?

Every personal injury claim has a given worth, or value. Certain factors have the ability to increase or decrease that worth.

A primary factor: The nature and extent of the claimed injuries

A claimant that has suffered hard injuries, such as a broken bone or an open wound, would have a more valuable claim than someone that sustained no more than a sprained wrist. In addition, claimants with a long-term injury, or one that has created a permanent change on a given claimant’s body, should view their claim has one with great worth.

A second significant factor: The nature of the prescribed treatment

An insurance company puts more value on a treatment regimen that a medical doctor has prescribed, as opposed to one that was suggested by a chiropractor. An extensive treatment, such as one involving surgery, or one calling for utilization of prescription medicine, helps to make a claim more valuable.

The last of the major factors: Pain and suffering

To what degree did the injury’s effects cause a disruption to the victim’s daily life? To what degree did a given treatment’s effects cause a disruption to the patient’s life? The disruption might make an appearance every day, of it might create only an occasional interference in the schedule of the claimant/plaintiff.

Less significant factors

-The possible existence of shared fault: If a portion of the blame were to rest on the plaintiff’s shoulders, then that fact would force a reduction in the size of the plaintiff’s compensation, or court-ordered award.

-A well-organized presentation of a case’s claims tends to increase the value of the presented case. An organized presentation should emerge from a careful collection of evidence, along with an effort to preserve all of the evidentiary material.

-The existence of witnesses contributes to any effort that is aimed at boosting a claim’s worth. Of course, each witness should be one that seems believable. After a car crash, a witness that had been riding in the vehicle driven by the responsible motorist could not offer highly believable information.

Sometimes, during a court case, one of the personal injury lawyers in Richmond Hill might have what is called a hostile witness. That means that he or she was not a friend or supporter of the side being represented by the lawyer that has introduced the “hostile” individual. Still, that same witness has agreed to offer support for the claim that has come from the lawyer’s client.

Witnesses share what their eyes have seen. In addition, a witness’ statement might disclose what a given person has heard, about some aspect of an injury-causing accident. Sometimes, too, witnesses’ background influences the value of their testimony.

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