If you’ve experienced injuries following a car accident or other type of personal injury in Indiana, you may be curious about the average settlement amount for such claims. Determining a precise figure can be challenging due to the unique nature of each case and while pinpointing an exact average is elusive, it is possible to delve into the factors that can influence a potential recovery.
In many instances, personal injury settlements reach their conclusions without requiring court approval. This means that even when a lawsuit is involved, the settlement terms might remain confidential. It’s common for both parties in a case to agree to keep the details of a settlement private. This confidentiality agreement severely restricts the public’s access to such information, further inhibiting the ability to calculate an “average settlement” for personal injury and car accident cases.
Award amounts will vary based on the severity of a victim’s injuries, share of fault, type of accident and other numerous factors. These figures may range from multi-thousand dollar settlements to multi-million dollar jury awards.
Over the years, our firm has recovered millions for injured Hoosiers and some of our recent notable cases can be viewed here. Keep in mind that past performance is not indicative of future results and as previously noted, each personal injury case is unique.
While determining the average settlement amount for a personal injury case may be elusive, there are compelling reasons to pursue compensation following a car accident or other personal injury in Indiana. These include:
• Covering Medical Expenses: Car accidents often result in significant medical bills. Pursuing compensation can help you recover the costs associated with medical treatments, surgeries, therapy, and ongoing care.
• Lost Wages: If your injuries prevent you from working, compensation can provide for your lost wages, ensuring that you can support yourself and your family during your recovery.
• Pain and Suffering: Car accidents can lead to physical and emotional pain and suffering. Compensation can account for these non-economic damages, helping you cope with the trauma.
• Property Damage: You can seek reimbursement for repairs to or replacement of your damaged vehicle, minimizing the financial burden of repairing or replacing your car (if applicable).
• Preventing Financial Hardship: Pursuing compensation can prevent financial hardship that may result from the accident, ensuring that you can focus on your recovery without worrying about mounting bills.
In conclusion, while determining the precise average personal injury award amount in Indiana remains challenging, understanding the factors that influence settlements and recognizing the importance of pursuing compensation after an accident can help you make informed decisions.
If you have been injured as the result of an accident due to someone else’s negligence, contact an experienced attorney at Hurst Limontes and we will be happy to review your case. We work on a contingency basis, meaning there is no cost to you unless we reach a settlement or jury verdict award on your behalf.
Call 317-636-0808 or email us for a FREE and confidential consultation or complete the contact form information below.