Top 5 Questions Before Using a Personal Injury Calculator

Using a personal injury calculator helps you work out how much your auto accident claims are really worth. Here are the top 5 questions people ask about assessing the exact value of their car insurance settlement.

1. How Does the Personal Injury Calculator Work out my Auto Accident Claim?

The most basic approach that is known to be implemented for accident injury claims is:

Pain Multiplier X Medical Charges + Loss of Wages

The “pain multiplier” is a number normally between 1.5 and 5. This multiplier number is chosen depending on the degree of your auto accident injuries; the more significant your injuries, the larger the multiplier.

For instance, a minor injury like a sprained neck is more inclined to get a small multiplier (1.5-3). While a far more severe and excruciating injury, like a broken leg, would get the greater multiplier (3-5). The multiplier number might even go to higher numbers (10) for much more serious and permanent injuries.

The next component which is included in the claims formula is your medical costs, also called “special damages.” These payments include the price of your medical treatments, visits to the clinic, ambulance ride, X-Rays, pain supplement etc.

The last thing that is included in your insurance settlement is your loss of income. This refers to the total amount of take-home pay you missed because of your injuries. For example, if you’re injuries caused you to stay at home from work, then your lost total wages would equal your daily pay rate times the amount of work days you had missed.

2. How Soon Should You Begin Using a Personal Injury Calculator?

The most important time to use the personal injury calculator is towards the end of your medical treatment. Always have your injuries accurately diagnosed and reviewed before filing an injury claim. This provides you a more precise estimate of your total medical bills that ought to be provided in your final settlement.

3. Who Should Avoid Using the Personal Injury Calculator?

Many personal injury claims involve minor injuries that will not require you to instantly hire a really expensive lawyer. For these sorts of claims, you may use the injury calculator to get a rough estimate of what your car accident settlement might be worth.

Nevertheless, there are insurance claims which can’t be handled without the help of a skilled injury lawyer. These kinds of auto accident claims involve more severe and long-term injuries like permanent disabilities, lost or dismembered arms or legs, frightening head injuries etc. If you were badly harmed, your best course of action is to speak to a lawyer who is comfortable with claims very similar to your particular injuries.

4. How Accurate is the Personal Injury Calculator?

The injury calculator isn’t going to give you the exact finalized settlement, but a first estimate of the amount your injuries are really worth to the insurance companies.

Most people would claim that the injury calculator is too simplistic. That it does not deal with the intricacies and subtleties of an individual’s personal injury claim. Some people are quick to mention Colossus, an advanced software program used by the insurance companies to examine insurance claims.

Then again, the main advantage of trying the personal injury calculator is not to tell you what will be your actual settlement amount. The main advantage is to help you recognize how your specific settlement amount will be determined. The settlement calculator highlights that the range of your final settlement amount will be largely based on:

*The severeness of your injuries

*Your overall medical expenses.

*Your lost income

These are going to be the essential points in your injury settlement irrelevant of which specific software program you use.

5. Should I Use the Injury Calculator?

You will always have the opportunity of hiring a lawyer further down in the claims process. The safest advice is to use the settlement calculator to get a fast analysis of what your auto accident claims can be worth.

Learn more tips to increase your car accident claims and personal injury settlements