No injuries are very easy to evaluate. In case, any of you have ever been hurt due to the negligence or any mistake of any other individual then such injuries are quite complicated to deal with. One has to not only pay a heavy medical bill, but also lose his earning as he will remain out from work. Besides that, the stress and anxiety that is caused because of an injury can always be painful.
However, there is a personal injury settlement calculator that has been designed for the personal injury settlement can help you to get back to your feet soon if you have been injured due to the fault of some other individual. Your personal injury lawyer can also help to receive the compensation that may cover all your injury expenses.
However, you must understand all in detail about such personal injury compensation. If you are wondering how much you should demand for your personal injury settlement then A lawsuit loan calculator will tell you how much money you will get from your personal injury settlement after paying back your lawsuit loan.
Let us try to understand in the post, how you can calculate the settlement value for your personal injury caused by any other person.
How to quantify your pain and suffering?
Of course, it is not possible to quantify any damages in terms of dollars but insurance companies usually adopt a few approaches to calculate the pain and suffering while making an injury settlement.
There are 2 most common approaches to calculate your pain and suffering.
1. Multiply your “Specials”
One of the most common approaches will be to add up all your special damage and multiply those by any number between 1 to 2 if the damages are low and 4 to 5 if it is high.
This will depend on several factors based on your case like:
- How serious are your injuries?
- What are the chances of quick and complete recovery?
- What impact these injuries can do on your daily life?
- Whether the other party was really at fault for that accident?
2. Use a daily rate
In this approach, you have to calculate your pain and suffering through the “per diem” method. Here the argument will be that your pain is caused every day and will be compared to you going to work each day.
In this method, suppose due to injury you were hospitalized for 2 months and had to wear a neck brace for 3 months. So, for 5 months i.e. for 150 days you were out of work. Let us say you earn $45,000 a year and hence if you divide by 250 working days in a year, it is $180 per day.
So, you simply multiply $180 with the number of days you were out of work due to injury.
Confirm with a lawyer
While calculating by using any of the above methods, there can be many other factors that you must have forgotten to consider. You may therefore talk to your lawyer also. These days, you can also get connected with your personal injury Roseville CA through social media sites like Linkedin or Facebook, etc.
