Personal Injury Lawyer Trenton, NJ
A personal injury case can represent a significant investment in time. It can take months to resolve them, and you may wonder if the payout will be worth it. Many different factors determine how long your case can take to resolve and what you can expect to receive. The best anyone can give you is an estimate. Ultimately, it is up to you to decide whether the case is worth your time to pursue.
The average payout you can expect to receive from a personal injury case varies depending on who’s doing the calculation. According to one source, the average payout in 2013 was $24,000. Another survey from an unspecified year gave an average of $52,900.
It is by no means guaranteed that you will receive a payout from your personal injury case, particularly if it goes to trial. However, those who do receive damages typically collect within the range of $3,000 to $75,000. That could be through a settlement agreement with the insurance company or as the result of a court verdict.
Factors That Affect Damage Amounts
The amount of money that you can collect depends upon a number of factors:
- Legal Representation: Plaintiffs who retained a lawyer tended to collect nearly three times as much as those who did not.
- Legal Action: Plaintiffs who filed, or threatened to file, a lawsuit received nearly twice as much as those who did not.
- Negotiation: Plaintiffs who negotiated a higher settlement amount received nearly three times as much as those who accepted the first offer.
- Injuries: Plaintiffs tend to receive more in damages for more severe injuries. Also, “hard” injuries that are measurable via x-rays or other diagnostics tend to receive more money.
Another significant factor is any policy limits that apply to the defendant’s insurance coverage. The insurance company is not going to voluntarily offer more than the policy limit. Negotiation is usually necessary to get what you truly deserve.
Though not unheard of, it is actually very rare for personal injury cases to go to trial. In fact, only about 4% or 5% of personal injury cases are litigated. The vast majority, approximately two-thirds, end up settling out of court.
A personal injury case is often a time-consuming process, but your patience is likely to be rewarded. The average resolution time for plaintiffs who earned a payout was 10 months, while for those who did not, it was 6.8 months.
In addition to the improved chance of a payout, it can be easier to go through the process with an attorney to guide you. Contact a personal injury lawyer in Trenton, NJ from Davis & Brusca for more information.