A settlement calculator provides possible estimated amounts that a defendant could offer to settle a personal injury or wrongful death lawsuit. If you have been injured, you may be eligible to file a legal lawsuit to recover medical costs and lost wages. Unfortunately, the law does not provide a specific method or formula for determining the amount you are owed. Instead, personal injury damages are based on a combination of actual expenses and compensation for pain and suffering. There are many factors that need to be considered when determining how much you are owed.
When estimating the value of an injury claim, many attorneys and insurance companies use a mathematical formula to estimate the value of an injury and determine a starting point for their negotiations. This calculator provides an estimate that can help you receive maximum compensation against the at-fault party. See the guide below, which offers legal topics to help you with all aspects of your car accident or personal injury law. The amount of a personal injury settlement is based on the facts of each case. Both parties consider the type and severity of the injury, the emotional harm suffered, the cost of going to court, and many other factors.
Often, the amount of the settlement will be less than what the plaintiff expected, but greater than what the defendant expected. Insurance adjusters use personal injury compensation calculators to determine how much you will be compensated for medical expenses, devastating pain and suffering, emotional distress (such as mental distress), and loss of income related to your car accident case or other accident claim. Non-economic agreements, unlike special or economic damages due to lost wages or income, seek to compensate accident victims for the pain and suffering they have suffered as a result of the accident.