How is the settlement amount determined for a school bus accident claim?

When determining the settlement amount for a school bus accident claim in Minnesota, several factors are taken into consideration. Insurance companies typically use a formula to calculate the amount of the settlement and it’s typically based on how much fault each party had in causing the accident. The amount of the settlement is also based on the amount of damage suffered and the amount of money a person needs to cover their losses. For example, if one person had a significant amount of fault and caused severe damage to another person’s vehicle, the settlement amount may be higher than someone who had a lesser amount of fault and minor damage. The severity of the injury is also taken into account and medical costs, including future treatments or rehabilitation, are also factored in when determining the settlement amount. In some cases, the court will also consider the client’s emotional damages, such as mental suffering, emotional distress, and pain and suffering. These non-economic damages are typically calculated using a multiplier that takes into account the nature and extent of the emotional damages. The court may also consider any punitive damages that an at-fault party should pay if their negligence or wrongdoing is found to be especially egregious. Overall, determining a settlement amount for a school bus accident claim is a complex process and requires the services of a skilled and experienced personal injury attorney. An attorney can review the facts of a case and come up with an amount that is fair and that covers the injured person’s damages.

How is the settlement amount determined for a school bus accident claim?

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