announcement

Give investment tips and advice.

Personal Injury Settlement Calculator

When it comes to settlement cases for personal injury, a very effective tool that one can use to calculate the estimates for compensation and settlement is the personal injury settlement calculator.
Scholasticus K
Last Updated: Jun 3, 2018
Injuries may cause one to lose a lot of time and money. The United States Department of Justice has made a provision within its legal framework, wherein a person can sue the responsible person or party in case of a personal injury. The court may or may not order the party at fault to compensate for some or all expenses incurred by the plaintiffs. In some cases, the party at fault compensates the party at loss, on its own or as settlement that is outside the court. One can use the injury settlement calculator in order to estimate the amount that the party at fault is accountable for.

Personal Injury Settlement Calculator

Personal Injury Calculator
Medical Expenses: $
+
Other Expenses: $
+
Income Loss: $


Min. Amount = $ low
Max. Amount = $ high

The above values are rough estimates



The injury settlement calculator is used to calculate an estimate of the compensation that you wish to claim. The settlement amount is decided after considering applicable laws and enactments. Besides, the situation of each calamity is different, and the injuries are different for each person as well. The impact of the injuries on one's life also varies from person to person. The following factors are also considered.
  • Type of Injury
  • Wages lost
  • Total medical expenses
  • Anticipated medical expenses
  • Financial Losses
  • Accounts for physical and mental trauma
There are several more factors that the court takes into consideration while giving a verdict. At times, a formula or thumb rule to derive an estimate for the compensation cost is used, which is:

Personal Injury Settlement = (Pain and Stress Factor) X (Total Medical Expenses) + (Other Costs) + (Income Lost)

Now, the other costs include damage to the car or vehicle or any device or equipment that has caused the injury. The essential variable here is the pain and stress factor. This value is generally set as 1.5 on the lower end, in case of relatively minor injuries. And 5 for the higher end in case of major injuries or health issues arising due to the injury. The sample calculator here shall provide an estimated lower and higher compensation value.

The insurance companies do not use this calculator and decide on the compensation amount after thorough investigation of the case. The best thing to do is to ask for an opinion from a personal injury lawyer. It is recommended that you call the State Bar and seek advice from various attorneys and lawyers about how to proceed with the case.

What Constitutes Personal Injury?

A personal injury is often defined as an injury that is caused to the body mind or emotions, that has resulted into any kind of loss. A personal injury is usually caused as a result of the negligence of some other person, or due to the actions of some other person, or due to the fault of some other person. The party which has been injured or affected as a result of the negligence, actions or fault of the other party, can file a claim of compensation and settlement in the court of law. Some of the categorizes under which a person can file a case of personal injury include:
  • Road accidents
  • Road accidents involving automobiles
  • Tripping accidents
  • Accidents when at work
  • Accidents in course of work
  • Assault and physical attack
  • Accidents within the office, house and any private place
  • Accidents or injuries caused as a result of usage of a particular product
  • Claim against tarnishing reputation and public image
  • Charter assassination and mental trauma
  • Physical trauma
In short, any person can file a claim and compliant with the court of law and receive compensation for loss due to personal injury.

The above calculator will give you an estimated figure for the settlement. One must bear in mind that the figure is never exact as the court may reject some settlement claims.

Disclaimer: This article is meant for informative purposes only, and should not be substituted for the advice of an appropriately qualified professional. We do not promise, or guarantee that using this information will lead to a particular outcome/result.