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Friday, November 26, 2010

Examples Of Substantial Settlements In Motor Vehicle Accident Claims

Bone fractures are not uncommon in high impact motor vehicle accidents. And with bone fractures commonly come a variety of other injuries that may lead to lifelong disabilities. Attorneys who handle these claims ought to understand the way to calculate all the loses sustained by the victim (including future losses) and be able to totally pursue all possible defendants and sources of recovery.

In one case a man was out along the side of a road walking his dog when he was struck. There was no sidewalk. The man sustained a fractured ankle. The plaintiff also sustained a ruptured spleen which caused extensive internal bleeding and resulted in renal failure. Because of this he will now need to undergo dialysis for the rest of his life and making him a candidate for a liver transplant. He was just fifty-seven years old when the accident happened. The law firm that helped the man revealed that a $2.5 Million settlement was reached for the plaintiff.

In the 2nd case a motor vehicle improperly went into an intersection and hit the passenger side of a different vehicle. This caused the 44 year old female front seat passenger to suffer a variety of injuries. Her injuries included fractures to the pelvis, clavicle and several ribs. She also suffered closed-head trauma and a bladder laceration. Medical treatment for her injuries amounted to roughly $85,000. Additionally her injuries prevented her from returning to work. Prior to the these injuries she had been earning roughly $18,700 a year as an administrative assistant. At her age, this amounted to a lifetime loss of earning capacity in the amount of $600,000 The insurance policy's personal injury protection coverage paid $36,000. The law firm that helped the plaintiff documented that they reached a settlement for $1.1 Million. Another thirty six thousand dollars was paid out by the personal injury protection portion of the insurance policy.

A comparison of these two claims reveals that they have various factors in common. The victims in these 2 cases both suffered multiple substantial injuries beyond bone fractures. The injuries caused lifelong disabilities. The injuries also lead to a loss of income or loss of earning capacity. Medical expenses can easily reach tens of thousands of dollars or more. Plaintiffs may further need future medical care.

Attorneys who are experienced and skilled at prosecuting these types of lawsuits take a large number of factors into account, including whether there are visible injuries like scars; the impression made by the plaintiff, driver and witnesses; even the history of other case settlements and recoveries in the venue where the trial would take place. Insurance company adjusters often respond like there is a single distinct value for each type of injury. The reality, however, that their formulas for figuring out the value of a claim tend to drastically undervalue its worth. These are complicated matters concerning devastating, life-changing injuries and the recovery should indicate this.

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