For severe spinal cord injuries, general damages of between $240,000 and $320,000 may be awarded. For moderately severe spinal cord injuries, general damages of between $160,000 and $240,000 may be awarded. For moderate spinal cord injuries, general damages of between $30,000 and $160,000 may be awarded.
What is the average payout for a back injury?
What Is the Average Back Injury Settlement? Estimates on the average back injury settlement range from $10,000 to $90,000.
How much does insurance pay for back injury?
In an average car accident case that involves a relatively minor soft tissue neck or back injury, the accident victim may expect to receive a settlement anywhere between $2,500 and $10,000 from the at-fault person’s insurance company.
What is a fair settlement for pain and suffering?
For example, if a plaintiff incurs $3,000 in medical bills related to a broken arm, he might multiply that by three, and conclude that $9,000 represents a reasonable amount for pain and suffering. The multiplier method is used in our accident settlement calculator.
What is a good settlement offer?
One of those factors is the ability to prove liability on the part of the defendant who is offering to settle the case. … Another factor is the ability of that defendant to prove that another party or even the plaintiff himself is partly responsible for the injuries in the case.
How much can you get for nerve damage?
According to recent studies by the National Institute of Health and the Center for Disease Control the average lifetime health and life care costs including nursing care, home care, and transportation, of individuals suffering from severe cases of nerve damages is between 1.5 million to 2.5 million dollars.
Are back injuries hard to prove?
While back pain is exceedingly common, it is equally challenging to diagnose, since there is no established guideline or protocol to evaluate this problem.
How much is a herniated disc settlement?
The amount of settlement you should receive for a herniated disc depends on the severity of your injuries and the length of your recovery. However, herniated discs’ average settlement range is about $360,000, with a median range of $65,000.
How are settlements calculated?
To get a dollar figure that might represent the value of the general damages, an insurance adjuster will add up all the “special” medical damages (remember those are your quantifiable losses) and multiply that total by a number between 1.5 and 5 (that’s the multiplier).
How do insurance companies determine settlement amounts?
The basic formula insurance companies use to calculate auto accident settlements is: special damages x (multiple reflecting general damages) + lost wages = settlement amount.
How much should you ask for in a settlement?
A general rule is 75% to 100% higher than what you would actually be satisfied with. For example, if you think your claim is worth between $1,500 and $2,000, make your first demand for $3,000 or $4,000. If you think your claim is worth $4,000 to $5,000, make your first demand for $8,000 or $10,000.
Should you accept first settlement offer?
You should not accept the insurance company’s first settlement offer. … Because the amount of money you are awarded in your settlement is extremely important—not just for covering your current medical bills, but also for helping you get back on your feet.