The reality of catastrophic injury litigation is that it rarely leads to a trial. Long before jury selection is set to begin, the parties will typically reach an agreement to resolve the claim and end the lawsuit. However, that does not mean fair Houston catastrophic injury settlements are easy to come by.
Even when the facts are clearly on your side, the other side is likely to push back in an attempt to reduce your total compensation. Insurance companies make their money by avoiding claims or limiting recovery, but at Mostyn Law, our team of dedicated lawyers is ready to hold them accountable.
What Factors Impact Settlement?
Every case is unique, but there are certain factors that are more likely than others to impact your potential catastrophic injury settlement in Houston. More than anything, disputes over liability are the primary issue that could make it difficult to resolve your claim. That said, insurance companies might agree to settle your claim if it appears you are likely to win at trial, even if their client is adamant they were not at fault.
Another important consideration is not only the extent of your medical care, but also your prognosis for a future recovery. You only have the chance to settle your claim once, meaning you can never come back for more money if you underestimated your future medical expenses. Our attorneys can ensure you only settle your claim after you have reached your maximum level of medical recovery first.
Whether the defendant has insurance coverage is also relevant. The reality is that most people lack the resources to pay this type of claim out of their own pocket. If the other party is insured, the odds of getting a fair recovery could go up.
Types of Damages in a Catastrophic Injury Settlement
Catastrophic injury settlements in Houston aim to provide full financial recovery based on your long-term medical needs. You could be entitled to an array of economic and non-economic compensation, including the following:
Medical Bills
One of the largest components of a settlement involves reimbursement for past and future medical expenses. This includes emergency care, surgeries, hospital stays, rehabilitation, assistive devices, and ongoing treatments. Catastrophic injuries often require a lifetime of care, and the settlement must reflect those future costs.
Pain and Suffering
This category covers the physical pain, emotional trauma, and mental anguish caused by the injury. In catastrophic cases, the psychological impact of an injury can be severe. The severity and duration of your suffering will play a part in determining what your case is worth.
Lost Wages
Victims may miss months or even years of work during recovery. Some are never able to return to their previous job. Settlements account for lost income, reduced earning capacity, and any future wages the injured person is no longer able to earn due to disability or impairment.
Home Renovations
When injuries result in mobility limitations or permanent disability, a person’s home may need major modifications. This includes installing wheelchair ramps, stair lifts, or accessible bathrooms. These necessary renovations are recoverable damages and should be calculated as part of a comprehensive settlement.
Talk To Our Houston Attorneys About a Catastrophic Injury Settlement
If you are ready to talk Houston catastrophic injury settlements, the team at Mostyn Law is ready. Our attorneys understand how high the stakes are in these cases, and we will never stop working to get you the recovery you deserve.
Do not put your settlement at risk by attempting to handle it on your own. Call right away for a private consultation to discuss your options.
(832) 844-5116 