Insurance settlements amount in most personal injury cases is occasionally based on jury verdicts obtained in similar cases in other jurisdictions throughout the country. Insurance companies and attorneys monitor verdicts in their area and generally base settlements on the likelihood of that particular case receiving a similar verdict if it goes to trial. Thus, the value of a personal injury claim in Nevada may be different from the settlement value of the same claim in another state.
A number of other factors can also have an effect on a settlement value. Comparative fault, injuries sustained, future medical costs, future wage loss, what kind of witness the person will make at trial, as well as pain and suffering and loss of consortium, are all things that play an integral role in the settlement process. Insurance companies may attempt to settle a personal injury case directly with the injured party, but prior to settling on your own, it is wise to consult an experienced attorney about your legal rights, and what compensation might be considered reasonable.
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