
Introduction
A car accident settlement calculator will help you determine the amount of money you may be able to expect in a settlement of your case after you have been injured in a car accident. The calculator uses a formula that considers the severity of your injuries, the amount of medical bills you have incurred, and lost wages. For example, if someone was injured in a car accident and out of work for two weeks due to the injury, then this would be reflected in the settlement amount.
The purpose of this tool is to help people get an idea about how much money they might receive from an insurance company after being involved in an accident.
Will a lawyer help me?
An auto accident attorney can help you with the legal aspects of your case. An attorney can also help guide you through the process of negotiating a settlement with the other party’s insurance company. He or she may use a settlement calculator to explain what kind of settlement you might expect to receive and why.
What factors are considered by this type of personal injury settlement calculator?
To determine how much you should receive in a car accident settlement, there are several factors that must be considered. The most obvious ones are pain and suffering, medical expenses and lost income.
The amount of money awarded through a settlement depends on several factors including:
● The severity of your injuries
● How long it takes for those injuries to heal
● How much medical care you have needed in the past and how much you will continue to need in the future
How does the settlement calculator handle pain and suffering compensation?
Pain and suffering compensation will be factored in by the settlement calculator. This compensation, which is also called non-economic damages, is a monetary award given to victims of motor vehicle crashes that were not at fault. This type of recovery is meant to compensate a victim for their emotional suffering and pain caused by an accident. The amount of pain and suffering compensation varies depending on the severity of your injuries, whether you have permanent or temporary injuries, and how your injuries impact your quality of life.
How does the settlement calculator address medical expenses?
Your settlement amount will likely be calculated to account for your accident-related medical expenses such as hospital bills, ambulance bills, surgery bills, physical therapy bills, and expenses for prescriptions and medications.
How does the settlement calculator address lost wages?
Lost wages are calculated based on how much money you were making before you were injured and how much you will lose because you were unable to work due to your injuries.
Conclusion
The bottom line is that this type of personal injury settlement calculator can be a useful tool for determining how much you may be able to settle your case for. However, this is only one part of the equation. You also need an experienced attorney who understands how these calculators work and what factors influence their results so that they can help guide you through the process of pursuing a claim for compensation.