What factors influence the amount of a brain injury settlement?
There are several factors that influence the amount of a brain injury settlement in Florida. The severity of the brain injury is the primary factor that determines the amount of the settlement. If the injury is very serious, with long-term or permanent disabilities or impairments, the settlement could be much higher than if the injury is less serious and the effects are only temporary. The age of the brain injury victim is also a major factor in determining the settlement amount. Generally, younger victims who are expected to live with the injury for a longer period of time will receive higher settlement amounts than older victims. The economic losses suffered due to the injury are also considered when determining the amount of the settlement. These losses include loss of wages, medical expenses, rehabilitation costs, and other expenses related to the injury. The more severe the economic losses, the more the settlement is likely to be. The amount of insurance coverage available is also a factor in determining the amount of a settlement. If insurance is insufficient to cover the costs of the injury, the victim may be able to receive more in a settlement. Additionally, if the injury was caused by someone else’s negligence, such as a reckless driver, the settlement could include punitive damages in addition to compensatory damages. Finally, the negotiation skills of the victim’s attorney are important when it comes to settling a brain injury claim. An experienced lawyer can often negotiate a higher settlement for the injury victim than they would have been able to achieve on their own.
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