Basic Factors in Determining a Settlement for Injury Claims

The primary 3 factors in determining the value of an injury claim are liability, nature of injury, and damages claimed. These factors are determined through the evidence you provide to the insurance company such as medical bills, accident reports, and witness statements.

Other factors that can come into play when determining your injury settlement include but are not limited to: 

• your personal occupational, financial and living situation;
• local laws & statues;
• anticipated expense of prosecuting the case through trial;
• verdicts and settlements in similar cases;
• the insurance companies involved;
• the amount of insurance coverage available;
• the financial condition of the defendant;
• the amount of case file expenses incurred;
• the projected case file expenses in the future;
• how far along the case has progressed;
• the appearance and availability of supporting witnesses; AND
• how supportive the treating physicians are.  

Insurance companies can make you jump through a lot of hoops when they're working on placing a value on your claim. Their goal is to settle for as little out of their pocket as possible and their adjusters know the tricks to do so.

Knowing the factors that go into determining the settlement amount for your injury claim is important. While a Chicago injury lawyer can't tell you what your claim is worth until you receive a settlement, they can help you work for the fairest possible outcome. 

An experienced Chicago injury lawyer at The Law Offices of Barry G. Doyle, P.C. is available to help you examine your injury claim and help with recovering compensation for your medical expenses, contact us today for a free case evaluation. (312) 263-1080