If you have been hurt in an accident, you may be entitled to compensation for your injuries. One of the first things that many accident victims want to know is how much their case is worth.
Personal injury settlement amounts can vary widely, depending on many different factors. Some cases are settled for a few thousand dollars, while others may result in settlements of millions. Every case is different, so the value of any case is highly dependent on its facts.
Keep reading below to learn more about the factors that can affect your personal injury settlement amount.
Factors That Will Affect Your Nevada Personal Injury Settlement Amount
Many factors must be evaluated when determining the value of a personal injury claim. Adjusters from insurance companies will review all these factors when making a settlement offer and during negotiations. Some of the most common factors affecting your settlement amount are:
Severity of Your Injuries
Cases involving more severe injuries are usually worth more than cases involving only minor injuries. The severity of your injuries has a big impact on the final settlement value of your claim. If your injuries are severe or catastrophic, an adjuster is likely to make you a higher settlement offer to account for the effects of your injury on your life and finances.
Amount of Your Medical Bills
Medical bills often make up a large part of the economic damages in a personal injury claim. You are entitled to recover the full value of your current and future medical bills in most cases. This means that the more medical bills you have, the higher your settlement is likely to be.
Value of Your Lost Wages
When you miss time from work because of your injuries, you can recover the value of your lost wages from the at-fault party. Additionally, you can also recover the value of your diminished earning capacity. If you are unable to work or must work in a lower-paying job because of your injuries, it will likely be reflected in your settlement amount.
Pain and Suffering Damages
Pain and suffering damages, or non-economic damages, can be worth even more than your financial losses but are harder to quantify. These damages compensate you for your physical and emotional pain and trauma. Extensive pain and suffering can greatly increase the amount of your settlement.
Liability and Evidence
The strength of the evidence in your case can play a big role in settlement negotiations. If liability is clear and you have strong evidence to support your claim, the insurance company is likely to make you a higher settlement offer. This is because they know you would likely be successful if you decide to file a personal injury lawsuit.
Weak evidence and questions of liability can reduce the amount of your settlement.
Nevada Personal Injury Settlement Amounts by Claim Type
The type of personal injury case you have can also affect the potential amount of your settlement.
Different types of cases vary in their “average” settlement amounts:
- Car accident claims are some of the most common personal injury settlements in Nevada. Car accident settlements can vary significantly, depending on the nature of the injuries and the amount of insurance coverage available.
- Slip and fall accidents can have devastating effects. The settlements in these cases can be quite large when hotels, casinos, or other businesses are involved.
- Pedestrian accidents happen commonly on the busy streets of Las Vegas, and these accidents can result in significant settlements when severe injuries are involved.
No two accidents are the same, so it can be difficult to estimate the value of your claim by comparing it to others. Every claim must be assessed based on its own unique factors.
Contact Our Las Vegas Personal Injury Lawyers at De Castroverde Accident & Injury Lawyers for a Free Consultation
To ensure you recover all the compensation you deserve, seek medical care as soon as possible and preserve any evidence related to your case. Try not to speak to any insurance companies or other parties involved in the case until you hire and consult with a Las Vegas personal injury lawyer.
Your lawyer can help you prove your case and can negotiate on your behalf. Call De Castroverde Accident & Injury Lawyers at to schedule a free consultation and fight for every cent you’re owed.
We have three locations in Nevada for your convenience, including Las Vegas, Summerlin, and Henderson. We’re proud to serve Clark County and the surrounding areas.
De Castroverde Accident & Injury Lawyers – Las Vegas Office
1149 S Maryland Pkwy, Las Vegas, NV 89104
(702) 222-9999
De Castroverde Accident & Injury Lawyers – Summerlin Office
410 S Rampart Blvd, Ste 480 Las Vegas, NV 89145
(702) 964-1806
De Castroverde Accident & Injury Lawyers – Henderson Office
9555 S Eastern Ave, Las Vegas, NV 89123
(702) 800-3455
About the Author
Alex De Castroverde earned his law degree from Nova Southeastern University Shepard Broad College of Law and is licensed to practice in Nevada. He is a dedicated trial lawyer who assists clients across Las Vegas in a wide range of legal matters, with a focus on personal injury. Alex has successfully represented clients in cases involving car accidents, catastrophic injuries, truck accidents, motorcycle accidents and more. Click here to learn more about the outstanding case results Alex has achieved for his clients.
