How is a money settlement calculated for a personal injury case?

There is no such thing as a personal injury calculator. Rather than a specific formula, a personal injury is calculated based on a combination of past and proven expenses and future costs, if any.

The first part of a money settlement for a personal injury case is for economic damages. Economic damages are those damages that represent monies spent to repair property or treat an injury. Often, these amounts are provable by receipts. The amount awarded is often the exact amount of the expense. Included in the category of economic damages are medical costs, lost wages, future medical expenses and property damage repairs, as well as other, similar damages. Future

The second part of a money settlement pays the injured party for intangible losses. These damages are referred to as non-economic damages because while they are compensated through money they are not typically incurred as an expense to the injured party. Included in this type of damage is pain and suffering and mental distress. These amounts are primarily calculated based on the extent of the injury and pain suffered, as well as the severity of the accident. The more severe the accident and injury, the higher the amount awarded for these types of injuries. The location and facts of the accident and the typical award for similar injuries in the area are also consulted prior to an insurance company making an offer.

Obtaining Legal Advice

If you have been injured in an auto accident and are unsure about the value of your injuries, seek legal advice. A lawyer will review your injuries and discuss with you how the company could calculate your settlement offer.