Your personal injury settlement is a unique combination of the severity of your injuries and the extent of your tangible and intangible recoverable damages. How much the average personal injury settlement is worth will vary from case to case and between each injury victim.
Because no two personal injury claims will have the exact same financial impact on its victims, it is difficult to determine the amount of financial compensation you might be entitled to. Your lawyer will help you carefully read and review
- Medical expenses
- Repair or replacement costs for your vehicle
- Other bills, receipts, and estimates related to your injuries
When you think you are entitled to compensation from a personal injury insurance claim or lawsuit, even another individual who was injured in the same accident can have a higher or lower recoverable damage amount than you have.
A lawyer can help you assign a true and accurate value to your compensation claim. They can also work for you to receive the monetary value of your injuries and their related expenses.
A Lawyer Will Determine the Value of Your Personal Injury Settlement
You are entitled to financial recovery for the range of expenses and losses you sustained in your car accident. To arrive at a financial value for your compensation claim, your lawyer will add the total cost associated with these economic and non-economic damages:
- Current and future medical bills
- Current and future lost income
- Mental and emotional distress
- Physical pain and suffering
- Physical disability and disfigurement
- Damaged or destroyed property
New York is a comparative fault state, which means the at-fault party can potentially lower your compensation amount (according to New York CVP Section 1411. Your lawyer will assist you in proving the cause of your accident.
Your Legal Representative Will Define the Cause of Your Injuries
A personal injury is one that another person causes based on negligence, carelessness, or recklessness. To assign liability and define the cost of your injuries, your lawyer will first define its cause and resulting expenses. Some reported accidents which may form the basis of your personal injury insurance claim or lawsuit include:
- Car accidents
- Slip, trip and fall accidents
- Medical malpractice
- Product liability
- Wrongful death
- Physical assault
- Emotional trauma
- Dog bite or attack
Your lawyer can help you prove the at-fault party owed you a duty of care, neglected their duty, and caused your injuries. Your injuries have a financial cost. Your lawyer will also work to prove this.
If an at-fault driver ran a stop sign, a neighbor failed to restrain his dog, or a retail store did not immediately mop up a spill on their floor, they can be considered negligent. If you or a loved one are subsequently injured as a result of another person’s negligence, you are entitled to compensation.
Your Right to Compensation Has a Time Limit
Any time you are injured as the result of negligence, you are entitled to financial compensation from the at-fault party. Your right to compensation is generally limited to three years from the date your injuries occurred, however, according to NY CVP Section 214.
Failing to meet the required statute of limitations could have serious repercussions that limit or eliminate your ability to collect compensation. When you do not comply with the three-year time limit, you can unintentionally give up your right to financial recovery (because the court is not likely to let you file your lawsuit at all).
Failing to file your lawsuit on time could also mean that you have no further financial recovery options. At this point, the full impact of your injuries and their related expenses become your sole responsibility. The lawyer who handles your claim can make sure your lawsuit is prepared and filed on time. Your legal team will want to preserve your right to compensation.
Find Out How Much Your Compensation Claim Is Worth
Our team can help you assign an accurate financial value to your compensation claim and negotiate a favorable financial settlement which fully covers the costs of your injuries. The compensation you receive can vary greatly from the average personal injury settlement. Let one of our lawyers accurately value your specific financial damages.
Contact the personal injury team at the Law Office of Cohen & Jaffe, LLP by calling (516) 358-6900 today.
For a free legal consultation, call 516-358-6900