How Much Is The Average Personal Injury Settlement?
Average personal injury settlements in Nevada
Average personal injury settlements in the State of Nevada range tremendously. The value of any case depends on a variety of factors, including when the accident happened, property damage, bodily damage, lost wages, emotional pain and suffering, insurance coverages at play and more. That said, the lower end of Las Vegas, NV personal injury claims may only settle for a few thousand dollars. However, most personal injury claims settle for much higher amounts.
What will my personal injury settlement be?
To determine the settlement offer for your claim, you should look at each facet of your case. In this section, we will talk about the economic and non-economic damages that can severely influence the value of your claim. Economic and non-economic damages include both physical and intangible losses that a person has experienced. Physical losses include medical bills, property damages, and lost wages. These losses can support a dollar amount in a demand letter. On the other hand, non-economic damages are those that a person experiences on an emotional level. These types of losses include pain and suffering, loss of consortium, and so on.
Additionally, the State of Nevada has imposed a two-year statute of limitations for filing a personal injury claim. What that means is, if your injury occurred on 01/01/2020, you will only have until 01/01/2022 to file an injury claim. That said, the sooner you file, the better. Waiting too long to file an injury claim will cause an insurance adjuster to question whether or not you are as injured as you claim to be. If you wait any longer than the two-year limitations period, your case will be thrown out by the court.
Above all else, the most important thing you can do to ensure a prosperous injury claim is to follow your doctor’s orders closely. Do no miss a day of treatment. Do not conclude treatment early. Following your doctors’ orders will undoubtedly ensure you have a solid claim from start to finish.
Your personal injury settlement will depend on the insurance coverages at play
Another factor to consider is the insurance coverage of the responsible party. If you were involved in an auto accident, the State of Nevada requires a minimum policy coverage amount of $25,000 per any one accident. However, some commercial policies hold much heftier policy limits.
Is my personal injury claim average or above average?
Regardless of how you sustained your injury, it is not fair to say that an injury is “average.” Even a minor accident can cause years of trauma to an individual. That said, if you are questioning what your injury claim is worth, please do not hesitate to contact our Las Vegas personal injury lawyer at any time for a free consultation. If he cannot help you, he will point you in the right direction for your needs. Call (702) 514-1414 to get help now.
By Boyer Lawyer|2023-01-10T15:14:39+00:00February 7th, 2019|Personal Injury|Comments Off on How Much Is The Average Personal Injury Settlement?