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The 5 Factors That Impact The Value Of Your Accident Settlement In Florida

There are a lot of factors that go into your accident settlement. Whether you’re up against an auto insurance company after an auto accident, or you’re fighting for a settlement after experiencing a slip and fall, the settlement you receive to cover your damages will be highly dependent on your specific case. No two accident cases are exactly alike, and no two settlements are going to be exact either.

While it’s impossible to determine your accident settlement without knowing the specific details of your case, there are some factors that can impact the value of any personal injury payout. The 5 top factors that will impact the value of your accident settlement the most are:

1. The severity of your injuries The severity of your injuries will play an important role in your accident settlement in a few different ways, making it one of the single most impactful factors in determining your settlement amount. How severe your injuries may be will likely be reflected in your medical bills, in your missed work time, in your likelihood of becoming disabled, and in your overall pain and suffering. Accidents resulting in more severe injuries will typically have the highest settlement payouts.

2. Your medical bills Your medical bills will also have a huge impact on your settlement amount, sometimes making up the majority of the settlement you receive. While this usually corresponds with the severity of injuries, this isn’t always the case. A broken wrist that may be considered a more “severe” injury than a sprain may also come along with fewer medical bills than the severe sprain that requires multiple sessions of physical therapy.

3. When you seek medical attention Whether you’ve been in a slip and fall, or an auto accident, always seek medical attention immediately even if you think it’s not necessary. Due to the adrenaline surge experienced after a stressful accident, you may not feel all injuries until those stress hormones have had some time to wear off. This may leave you tempted to decline medical attention, but you’d be risking your injury settlement by doing so. Waiting to have a medical evaluation performed can give insurance providers a reason to believe your injuries are not as serious as you claim, or that your injuries may not even be related to the accident at all. Seeking medical attention quickly makes a positive impact to the value of your settlement.

4. Your evidence Your evidence is the foundation of your case, and how much evidence you can collect will directly impact the type of value your settlement carries. The better you can back up your damages the more likely those damages will be included in your settlement without argument. Take photographs, collect police reports, have witness statements, and organize your medical documents to improve the value of your accident case.

5. Hiring an attorney Hiring a personal injury attorney in Southwest Florida has great impact on raising the value of your case. Insurance providers are less likely to minimize your claims, an injured party is less likely to make mistakes that harm their case without realizing it, and an attorney knows just what to do when these accident injury cases get complicated. Professionals in Florida personal injury law can also help their clients to collect evidence and build cases most likely to see highly positive results.

Knowing what impacts your settlement value lets you know just what to prioritize when building your personal injury case. If you’ve been in an accident in the Southwest Florida region and you’re looking to make sure you get the settlement you deserve to cover your damages, learn more at today.

Attorney David Goldman has a strong belief that everyone should be treated fairly and those with the means should do what they can to bring justice in all areas of our society. That belief has led him to help Florida's injured from being taken advantage of by corporations and insurance companies. Since 1989 David Goldman has been fighting for the rights of Floridians both as an attorney and by personally supporting our community.

The 5 Factors That Impact The Value Of Your Accident Settlement In Florida

Goldman Babboni Fernandez
Murphy & Walsh

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