Many variables play a role in determining the monetary value of your injury claim. Unfortunately, since every case is unique, it is hard to find an accurate formula to figure the result of your case.

However, you and your personal injury lawyer can look at some variables and how they will affect the multiplier and, ultimately, the total value of your claim. Here are four top factors determining how much settlement you will get for your claim. 

The Degree of Injuries and Property Damage

When assigning a value to your injuries, the professionals always assess the seriousness of the situation. Typically, they will use a high multiplier for everyone with complex injuries like broken bones and spinal, joint, and nerve damage. They also check the recovery period, medical expenses, emotional stress, and how much the injury disrupts your regular activities. 

On the other hand, they will use a lower multiplier for soft tissue injuries, those with a short recovery phase, and those that don't leave a permanent disability. Your lawyer can help you assess all these factors before arriving at a figure to demand from the insurer. Besides bodily injuries, compensation is also based on the property damage the accident caused. 

The Insurance Policy Limits

Many personal injury cases get resolved through settlements with insurance carriers. The total policy limit of the errant motorist's insurer will determine the maximum amount you can receive as settlement. 

If the insurer does not cover all injuries and damages, you will have to file a separate claim and compensation from the other person's assets. Also, some states operate under comparative negligence laws, which means your settlement may depend on the extent to which you caused the accident. 

The Location of the Lawsuit

The lawsuit location also determines the outcome. Personal injury settlement laws usually vary from one state to another. For example, you might file your claim in a state that places a high value on pain and suffering, leading to a better settlement. However, filing a claim in a state that doesn't focus on pain and suffering means a lower compensation. 

Settlements of Similar Cases

Sometimes courts seek precedence in similar cases settled before. They look at the similarities when determining settlement, making the process easier. The amount of evidence you present before the court also matters as it helps to prove the total claim value.

Consider working with services like William J. Cooley, Personal Injury Attorney if you'd like more help during your claim process. They will help you figure out how much to demand from the errant party through their vast experience and expertise in the industry.