How Much to Ask for in a Personal Injury Settlement

July 9, 2021
How Much to Ask for in a Personal Injury Settlement

When you suffer injuries in an accident caused by someone else, you can recover cash in the form of compensatory damages via a personal injury claim in Phoenix. 

The amount of money you can ultimately receive in a settlement or jury verdict depends on a variety of factors, including the nature and extent of your injuries, the sum of your economic damages, and other important considerations. 

See below for a breakdown of the damages you can recover in a personal injury settlement. 

Compensatory Damages for a Personal Injury

Although there are others, the main types of damages that constitute personal injury settlements are usually compensatory damages. 

Compensatory damages are about compensating you, the plaintiff, for the injuries and damages you’ve suffered as the result of the accident. There are two main forms of compensatory damages: economic and non-economic. In Arizona, you may be entitled to both of these forms of damages in the personal injury claim process.

Understanding Economic Damages

Economic damages refer to specific, financial losses that you have already accrued or will accrue as the result of the accident. 

Some examples of these include:

Understanding Non-Economic Damages

On the other hand, non-economic damages refer to less tangible damages. For this reason, they may also be called “emotional damages.” 

However, the fact that they don’t correspond to a specific money amount doesn’t make them any less real. Some examples of emotional damages for which you can receive compensation include:

As for the amount of money you should receive for your combined damages—it depends. When in doubt, contact an attorney. They’ll let you know how much to ask for in your personal injury settlement so that when an offer comes, you can make sure what you’re being paid out for a settlement is fair.

Learn How Much You Could Make in a Personal Injury Settlement

The injury lawyers at Zachar Law Firm, P.C. have the necessary experience and resources to help you maximize your personal injury settlement compensation. 

Ready to learn more? Request a free consultation by calling 602-494-4800 or by filling out our contact form. 

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