What Are The Factors That Can Affect The Value Of Your Personal Injury Settlement?

There are a number of aspects that one has to consider when one is recovering from a personal injury accident. However, the most important one is the end goal of getting back to regular life. The consequences of accidents are most dangerous with the majority of them ending in a life and death situation. Therefore, if you are hurt because of the negligence of another individual, organisation, or governing body, it is challenging to assess the value of your personal injury claim. 

If you have been in a similar situation and want to know about the things that can affect the value of your settlement, you are at the right place. It is critical to understand every element that concerns the amount of your claim, so you have better insight into the strengths and fallbacks of your injury claim. 

The Multiplier 

For most personal injury claims, the value of the settlement is directly related to the pain, suffering, mental trauma, emotional anguish, and physical loss of body organs. In most cases, the revival of economic damages, such as the cost of medical bills and lost wages are easily analysed in personal injury claims. However, for non-economic damages, there is no black and white approach to calculate the cost of accidental repercussions. 

To figure out the compensation cost of your claim, use the personal injury claims in Scotland calculator. The experts consider the amount of economic damage and use a multiplier, which is specific to the region where the personal injury claim is taking place, to get the approximate value for your compensation. Most of the multipliers are around 1.5. However, they might range from 1 to 5, depending on the seriousness of the injuries. 

The following are the factors that can impact the value of your settlement in the most obvious way: 

Factors Affecting the Value of Personal Injury Claims 

In circumstances mentioned below, the settlement amount is much greater for personal injury claims: 

  • Having broken bones or suffering from damage to the hard tissues of your body in place of soft tissues, such as muscles. 
  • Impactful brain injury.
  • Traumatic spine and nerve damage.
  • Suffering from joint injuries resulting in the need for reconstruction or any other form of surgery. 
  • Getting medical treatment for specialists, hospitals, and doctors other than from assistants or chiropractors.
  • Prescription of medicines for long term or short term use. 
  • The need of going for follow-up appointments more often. 
  • Medical payments primarily for treatment instead of diagnosis. 
  • Persistent loss of one or more body parts can limit daily functions. 
  • Physical or mental damage will require a long recovery time. 
  • Permanent disfigurement or scarring of the skin or any other body part. 
  • Suffering from injuries that become a barrier against living life normally, such as making it hard for the victim to walk, sit, stand, travel, or work. 
  • Missing out on crucial things in life, such as not being there for work, missing a vacation, or being incapable of playing the sports that you used to enjoy prior to the injury. 
  • Wounds and injuries force a person to rely on the support of others. 

Additional Considerations 

The other factors that might impact the cost of your personal injury claim settlement include: 

  • The credence and reliability of your witnesses 
  • Whether the witnesses involved are telling a fabricated story or are biased 
  • Deprivation of medical records and improper documentation of your injuries
  • Whether you have some part to play in the accident
  • If there is any sort of evidence that can corroborate the testimony of your witnesses, such as pictures of your injuries or economical damage including property harm
  • The presence of any pre-existing health condition that can play a role in the aggrievance of your injuries 
  • Whether you approached for medical assistance immediately or not 
  • Whether you are following the treatment plan prescribed by your doctor 
  • Thoughtful planning and management of the claim including naming the liable parties correctly, conducting and handing over the right procedural requirements, and dealing with deadlines efficiently. 

The next time you are claiming for a personal injury claim, keep in mind the aforementioned facts to recover a deserving amount of compensation.