It is imperative to calculate the claim and know your right or claim that you could get from the fault party. Insurance companies and the injury attorneys tend to use the formula of settling the claim that can be obtained by the personal injury case. It is important to get insurance if you buy and sell cars as this will help you to recover all your damages. Mainly there are two ways of calculating the damages which are economical and non-economic.
The economic losses merely include the damages, medical bills, loss of wages or income, whereas the non-economic losses include the compensations like pain and suffering that has been caused because of someone else. The Personal Injury Settlement calculator will help you to get the idea of your personal injury claim and calculate things like:-
- Medical expenses
- Lost wages or earnings
- Property damaged
- Lost future Income
- The multiplier for the general damages caused by the accident
- Future Medical expenses
You can add or enter the number and then calculate the estimate of the total settlement for the personal injury claim. You can represent the value of the general damage and get it multiplied accordingly. The number can be multiplied in two types like multiply the figure between 1.5 and 5. The calculation of the multiplier depends on the number of facts that are related to the case. It is better to get the help of the personal injury lawyer in calculating the claim and know the possible settlement that you can get.
To conclude, it is important to be prepared and have an idea of the compensation that one can get. It is much better to take the help of personal injury attorney in knowing the amount of settlement.