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What is the average settlement for a personal injury?

Accidents can happen at any time, and they can result in a wide range of injuries based on the nature and severity of the crash. While some injury claims in New York are resolved through insurance policies, others, particularly those involving serious bodily injuries or wrongful death, result in personal injury lawsuits.

A large number of personal injury claims are settled outside of court, where the features of average settlements are used to determine a settlement amount. Based on this, since each case is unique and some claims settle for more or less than others, statistics aren’t everything when determining your claim value. Knowing how different variables impact your insurance settlement allows you to evaluate your options and make a judicious decision based on your circumstances.

The seasoned car accident attorneys at Rosenberg, Minc, Falkoff & Wolff, LLP can help you make an informed decision about the value of your potential settlement based on the circumstances in your specific case. Here’s what you should know about New York accident settlements—and how we can help you better estimate the amount of your compensation.