Settlement amounts are generally calculated taking into account various economic damages, such as medical expenses, lost wages, and out-of-pocket expenses resulting from the injury. However, non-economic factors should also play an important role. Non-economic factors may include pain and suffering and loss of quality of life. The amount of the settlement depends on the type of policy you have.
Inadequate insurance can affect the amount of compensation you receive. Compensation in personal injury cases is based on the facts of each case. Compensation is based on the amount of damage caused, or at least it is supposed to be so. This makes it difficult to estimate a typical amount of compensation even for cases of the same type.
Your lawyer will work with you to determine the appropriate amount of settlement you should request. In the case of compensatory damages, you can only request the amount of money you spent directly. This makes it easier to determine how much money you are owed and how much you should request to get a personal injury settlement.
