What Can I Expect For A Personal Injury Settlement?

personal injury settlement examples

At Carey Leisure and Neal, we offer life-changing legal services with the utmost client care. When you are injured in an accident, we will do everything we can to ensure you get a fair settlement for your case. With over 100 years of combined experience, you can trust our lawyers to get the job done!

Before you begin a personal injury lawsuit, you may want to know what kind of settlement is possible, or average settlement amounts.

Below is a brief overview of a few personal injury case examples, such as car accident settlement examples, as well as a few personal injury settlement amounts.

What is a Personal Injury Settlement?

A personal injury settlement is an official agreement intended to resolve a claim with an insurance company.  A trusted personal injury lawyer at Carey Leisure and Neal can fight for you and your family to receive a fair personal injury settlement. Some examples of personal injury cases are:

When you are involved in an accident and hire an attorney from Carey Leisure and Neal, our goal is to resolve the case for you as quickly as possible so that you can get your life back to normal.  At some point during your case, your Carey Leisure and Neal attorney may suggest a settlement to speed up the process and win you the compensation you deserve.

Personal Injury Cases

Who Issues a Settlement and Why?

A settlement can be offered by either party in the case as a way to resolve the issue sooner than it would if it went to trial. When it comes to personal injury, such as a car accident, most cases end in a settlement rather than going to trial.

The fact is this: you are worthy of compensation whether it was a simple slip and fall case or a serious auto accident.

What Influences the Settlement in Personal Injury Claims?

There are several factors that influence the amount you may get in a settlement, including:

Injuries – The more severe your injury is the more likely you will have high medical expenses and suffering and therefore can lead to a higher payout.

Insurance Policy – The defendant’s insurance company will not offer settlements over their policy holder’s limit

While these factors you may not have control of, there is one thing you can control. Your lawyer. Having a good lawyer can make all the difference because they know how to negotiate and can get you the best offer.

Personal Injury Settlement Amounts Examples

While most personal injury cases tend to settle on an amount anywhere from 3,000 dollars to 75,000 dollars, what you need to know is that settlements vary based on the case and evidence associated with it.

Your lawyer will do their best to get you the best compensation they can, but settlement value depends on the seriousness of your injuries, your medical documentation and medical treatment, your medical bills, the doctors’ recommendations for your future medical treatment, the time you missed from work, your out of pocket expenses and many other factors.

Here are a few personal injury settlements amounts examples and its awarded amounts:

  • $11.5 million for an assault 
  • $1.8 million for negligent security 
  • $200,000 golf cart accident
  • $800,000 food poisoning 

Personal injury settlement amounts examples agreement

As you can tell, the price for these settlements can be pretty high above average. However, it will depend on the case and circumstances associated with it.

Lucky for you, when you choose a Carey Leisure & Neal lawyer, you will be completely taken care of. You can trust that you have the person on your side!

What happens if your case does not settle?

It is important to hire a law firm with Board Certified Civil Trial Attorneys on the team.  If a fair settlement can not be reached with the insurance company, you can trust our team of trial attorneys to represent you in front of a jury to fight for justice on your behalf.

It is also worth exploring the potential settlements from car accidents specifically since the settlement amounts in Florida and beyond can vary so drastically for this type of personal injury.

Car Accident Settlement Examples

According to DMV Florida, nearly 400,000 traffic accidents occur every year in the Sunshine State. Compared to other regions in the U.S., this is an exceptionally high annual rate!

With that being said, settlements for personal injury claims related to automobiles is also above the national average.

Here’s the thing: Car accident settlements can widely vary in the amount received. For instance, people often see between $10,000-$60,000 settlements. However, depending on the severity and the cause of the accident, compensation may be a lot higher.

Take a look at these car accident settlement examples:

  • $145,000 for a hit and run accident 
  • $225,000 for a car vs. bicycle accident
  • $11.7 million for a traffic wrongful death case
  • $1.1 million for a red light car accident
  • $2.2 million for a commercial truck rear-end accident

As you can see, settlements for auto accidents can easily soar into the millions. It all depends on the cause of the collision and how they affected the people involved.

How long does it take to resolve a personal injury settlement?

Typically personal injury claims take anywhere between 2 months to a year, although some have had to wait over a year to resolve their case. While you may want a quick payout in order to make up for medical expenses or loss of wages, often the first offer you get is the worst. Therefore you may want to stick it out and negotiate.

Some factors that affect the time it takes to resolve a claim can lead to a better settlement. For example, while hiring a lawyer adds an extra step to the process it often ensures you will get a higher settlement amount.

Trust Us With Your Personal Injury Settlement

At the end of the day, you deserve compensation for your medical bills, time off from work, loss of earning capacity, pain, and suffering. This monetary relief can come in the form of a settlement.

At Carey Leisure & Neal, we are Board Certified experts recognized as such within the legal industry. When you become our client, we are available for you 24/7, so you know we will do whatever we can to ensure you get the best settlement for your personal injury case, whether you are in Clearwater, St. Petersburg, or elsewhere in Florida.

Contact us at (727) 291-9618 for a free no-obligation consultation and case evaluation.

Comments