What Is a Reasonable Settlement Offer?
When determining the amount of compensation you should receive after an injury, a reasonable settlement offer takes many factors into consideration. These include future medical expenses, pain and suffering, and non-economic damages. You should consult a lawyer to find out what these factors are. In some cases, a settlement offer may be less than your full claim, but it is important to be realistic.
Consideration of non-economic damages
Non-economic damages are damages that are not related to the economic harm caused by the injury. They include pain and suffering, disability, and loss of enjoyment of life. The amount of compensation for non-economic damages depends on the severity and duration of the injury. If you are unable to work after an injury, you may be entitled to compensation for lost wages, a reduced standard of living, and other expenses.
In addition to financial loss, non-economic damages include emotional distress. These can include pain, sadness, and anger. For example, a driver may be responsible for causing a passenger to suffer severe physical pain and suffering. In addition, the jury should consider the passenger’s age, gender, and athletic background in determining the amount of non-economic damages.
Another type of non-economic damages is indignity. This can be a physical or mental embarrassment resulting from an accident or altercation. It may also involve a change in a person’s demeanor or personality. Similarly, embarrassment is considered a form of pain and suffering.
Although it is difficult to estimate the exact value of non-economic damages, a California personal injury attorney can help you determine a reasonable amount of compensation. While an experienced trial attorney cannot guarantee recovery, he or she will help the jury put a dollar value on your non-economic losses.
Considering future medical costs
For a catastrophic injury, future medical costs are a significant part of the total cost of recovery. These expenses could range from multiple doctor’s visits to follow-up surgeries. In some cases, the injury victim may be permanently disabled, requiring ongoing medical care. In such cases, a reasonable settlement offer must take into account future medical expenses.
For severe burns, for example, the injured party may need a series of surgeries to rebuild the face or recover from a life-threatening infection. Each of these procedures is expensive and should be accounted for in the settlement offer. Further, if the injured person can no longer work due to permanent disability, they must receive compensation for lost income.
As a result, future medical costs are a difficult area to estimate. The amount of future medical expenses depends on many factors, including the person’s age and health, the extent of the injury, and whether or not the injured person needs round-the-clock medical attention. Attorneys will also consider the cost of therapy, medications, and pain management.
Considering future pain and suffering
The amount of future pain and suffering you will face as a result of your injury should be factored into a reasonable settlement offer. Considering future pain and suffering when negotiating a settlement offer is important in many cases, and can have a significant impact on your settlement. The pain and suffering multiplier is an estimate of the future pain and suffering you will experience as a result of your injury. If your injuries were severe, the multiplier may be as high as four or five.
The amount of pain and suffering you experience will be calculated by the insurance company according to a number of factors. In addition to the severity of the injury, the duration of medical treatment will be considered. The insurance company is likely to try to offer as little money as possible in this regard, which is why it is important to hire a skilled attorney.