Personal Injury Settlement Calculator
When an individual suffers a minor, serious, or catastrophic injury due to the negligent acts of another party,
the injured victim can file a personal injury claim in an effort to recoup monies lost due to the inability to work
while recovering from their injuries, medical expenses related to their injuries, and their pain and suffering.
Victims of personal injury often want to weigh the costs and benefits of filing a personal injury claim before
taking the necessary legal steps to do so. While no one specific formula can be applied to a personal injury case
to accurately determine or predict a settlement amount, individuals can use a personal injury settlement calculator
to estimate their expenses as a result of their injuries.
Victims of personal injury will want to determine all of their out-of-pocket expenses associated with their
injuries. Three amounts that can be easily determined are: medical bills, property loss, and lost earnings. Three
other criteria for which a dollar amount may be difficult to ascribe are lasting disability, share of liability,
and pain and suffering. A lasting or permanent disability is a condition as a result of the accident that impairs
the victims ability to function normally. The share of liability takes into account any responsibility the victim
had in causing the accident. Determining a dollar amount for pain and suffering will be complicated.
Many times the insurance companies will want to settle for less and offer the victim a settlement that will be
inadequate to meet their needs. Therefore, it is important that victims of personal injury have an idea of what
their personal injury settlement should be in order to successfully negotiate a satisfactory settlement. While the
final settlement amount for a personal injury claim will vary on a case-by-case basis, a personal injury settlement
calculator can provide victims with an initial dollar amount that they may be entitled to receive for their
personal injury claim.
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