Settlement amounts stemming from car accidents can vary significantly. The worth of the claim is influenced by both the damages incurred and the factors causing the accident.
To arrive at an estimate, the first step involves calculating compensatory damages, encompassing medical expenses, property damage, and income lost due to the incident.
Following that, careful consideration must be given to the extent of general damages, which encompass factors such as pain and suffering, emotional distress, and the loss of enjoyment in life. Typically, general damages are quantified as a multiple of compensatory damages, with a higher multiplier applied when the impact on the victim’s life is more severe.
Additionally, the concept of comparative negligence must be addressed. In personal injury cases, courts decrease the plaintiff’s awarded amount by 1% for every 1% of negligence attributed to the plaintiff. It’s worth noting that these percentages of comparative negligence are often heavily disputed.
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