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What is the Average Personal Injury Settlement? You’ll Be Surprised!

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Millions of Dollars Left on the Table Every Year!

Personal injury settlements are a legal compensation that aims
to cover the medical expenses, lost wages, and other damages
incurred by an individual due to the negligent or intentional
acts of others. In the United States, personal injury
settlements have been recorded to reach millions of dollars for
catastrophic injuries, making it essential for individuals to
seek legal help when dealing with such claims.

The average personal injury settlement personal injury settlement amount varies depending
on the severity of the injury, the negligence of the responsible
party, and the expertise of the attorney handling the case.
According to a survey by Martindale-Nolo Research, the average
personal injury settlement was $52,900 in 2020, but this can
vary significantly based on the specifics of each case.

One of the largest personal injury settlements in U.S. history
was awarded in 2018 to a man who suffered from mesothelioma due
to asbestos exposure. The settlement amount reached $4.6
billion, with $3.5 billion going to the victim and his family,
and the remaining amount going to other plaintiffs in the case.

Another large settlement was awarded to a woman who suffered
severe burns due to a defective pressure cooker. The settlement
amount reached $27 million, which covered her medical expenses,
lost wages, and future care needs.

Surprisingly, some of the largest personal injury settlements
have been awarded for seemingly small incidents. For example, in
1994, a woman sued McDonald’s for serving her coffee that was
too hot and caused severe burns. The case was settled for $2.7
million, highlighting the importance of taking any incident
seriously and seeking legal counsel to assess potential damages.

When talking to a lawyer on a personal injury claim, there are a
few key things to consider. Firstly, it is crucial to ensure the
lawyer has experience handling cases similar to yours and a
track record of successful settlements. It’s also important to
ask about their fee structure and whether they work on a
contingency basis, meaning they only receive payment if they win
the case.

Additionally, it’s important to be honest and forthcoming about
the details of the incident and any related medical expenses or
lost wages. This information will help the lawyer build a strong
case and negotiate the best possible settlement.

Seeking legal counsel from an experienced attorney is crucial in
determining the potential damages and navigating the legal
process. By being transparent and working with a qualified
attorney, individuals can receive the compensation they deserve
for the damages incurred.

Have you or someone you love been injured due to no fault of
your own?

Search for a personal injury attorney.

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