Although insurance companies frequently reach settlements of $100,000 or more, and many of our clients have earned considerably more, the average settlement amount for personal injuries in Arizona is between $5,000 to $80,000 phxinjuryattorney. However, the extent of your injuries and other criteria will determine how much money you can get from a personal injury lawsuit Phoenix Personal Injury Lawyer. Before learning the specifics of your case, not even our skilled personal injury attorneys can estimate how much you will collect. In any case, we may present our findings to date and discuss the variables that will affect your settlement offer.

 

Factors to Consider in an Arizona Personal Injury Case

 

The extent of your injuries will be a major factor in determining the sum of your compensation. The insurance company or the court will also think about a number of other issues. Included in this category are: Injury severity. Pricey medical care. The income was lost. Caps on insurance coverage. Harm done to property. Degree of responsibility for what happened.

 

Hiring an Attorney Can Increase Your Settlement Amount

 

People who have been hurt often wonder if hiring an attorney would boost the amount they will receive in compensation. They are debating whether or not it is worth it to pay for a personal injury lawyer to represent them. While each individual situation is different, the answer is statistically quite likely to be yes. The study "Attorney Involvement in Auto Injury Claims" is cited in a report by the Insurance Research Council Personal Injury Attorney. Results from this study show that personal injury plaintiffs who were represented by attorneys earned settlements that were, on average, 1.5 times more than those who did not have legal representation.

 

Recoverable Damages After a Personal Injury

 

After suffering an injury at the hands of another party, you may be entitled to monetary and non-monetary damages. The monetary costs associated with your injuries are known as "economic damages." These expenses are monetary in nature, thus they are straightforward to ascertain. However, non-economic damages are more difficult to quantify due to their subjective nature. Pain, suffering, and emotional distress are all examples of intangible damages. In order to secure a just compensation for your injuries, your personal injury attorney in Arizona may assist you in placing a monetary value on both types of losses.

 

Economic Damages

 

The term "economic damages" refers to the monetary costs associated with an incident. For this kind of loss, you only have to total up all the money you spent on medical bills and time off work because of your injury. In a personal injury lawsuit, examples of economic damages include: Costs associated with healthcare, present and future. Costs associated with physiotherapy and rehabilitation. The income was lost. Potential for future income to be lost. Help around the house while you heal, like professional cleaning. Care-giving costs. Harm done to property.

 

Non-Economic Damages

 

Pain and suffering are examples of non-economic losses that are hard to put a price on. Non-monetary prizes can be broken down into smaller parts by using a multiplier. In most instances, the multiplier will be between 1.5 and 5. The total amount of economic losses will be multiplied by the value determined once all damages have been tallied. The multiplier might go higher than five if your injuries have significantly diminished your quality of life. The extent of your injuries, the degree of culpability the defendant bears, the time it takes to recover from your injuries medically, and any lasting effects of the accident are all considered while determining the multiplier. Suffering is an example of an intangible loss. A psychological or emotional shock. Experiencing a void in social interaction. PTSD, depression, and anxiety disorders. Reduced quality of life.