Philadelphia is a popular tourist destination for anyone interested in American history. Like any large city, Philadelphia also has its fair share of personal injury claims. According to a 2000 report, around 463 people are in hospitals/wards and hospices for the chronically ill.
Have you been injured in an accident that wasn’t your fault? Are you planning to file a personal injury lawsuit? If so, you may be wondering how much money you could potentially receive in a settlement.
There is no one answer to this question. Every case is unique, and the amount of money you could receive depends on various factors. A Philadelphia personal injury lawyer can give you a better idea of what to expect in your specific case.
The following post will discuss some things that can affect your personal injury settlement amount and give tips to help you maximize your payout.
Factors that Affect Your Settlement Amount
1) The Severity Of Your Injuries
One of the significant factors determining your settlement amount is the severity of your injuries. If you suffer a minor injury that heals within a few weeks, you will likely receive a smaller settlement than someone who suffers a more severe injury that requires long-term medical treatment.
When you file an injury claim, your attorney will establish what is called a “demand package.” This package includes all the necessary information to support your claim, such as medical records and photos of the accident scene.
Your Philadelphia personal injury lawyer will use this information to calculate how much money you should demand from the insurance company.
2) The Medical Expenses Incurred
91.9 percent of the population of Philadelphia, PA, has health coverage. If you have health insurance, your medical bills will be paid by the insurance company.
If you have expensive medical bills, your settlement amount will be higher than someone who has less expensive medical bills.
The demand package your attorney creates must include a thorough listing of all your medical bills, both current and future. It will help ensure that you receive the maximum possible settlement amount.
3) The Total Amount Of Your Lost Wages
Workplace injuries can occur in many ways as follows:
• Another employee negligently caused your injury.
• You were injured as a result of malfunctioning equipment
• You slipped and fell on the job.
If you have to take time off from work to recover from your injuries, you may be able to receive compensation for your lost wages. The amount of money you can receive will depend on how much time you missed from work and how much money you would have earned during this time.
If you were self-employed or worked part-time and lost work opportunities because of your injury, you can still receive compensation for your lost income. A personal injury attorney can help you calculate the total amount of your lost wages and include it in your demand package.
To maximize your claim amount, you must have a thorough understanding of your injuries and the treatment you will require in the future. An attorney can help you understand the situation and let you know what compensation amount will be fair, after taking into consideration the long term effects of your injury.