Looking for a Settlement Calculator? There are a number of settlement calculators on the internet. People often go looking for these settlement calculators and settlement formulas after they have been injured in an accident and are trying to determine how much money to request from the insurance company or to find out if the insurance company has made a fair offer in their case. How Settlement Calculators are created? Many, if not most settlement calculators on the internet were created by insurance companies. They are part of a campaign that is designed to lower your expectations and decrease the amount of money they pay for insurance settlements. The Truth About Settlement Calculators There is no formula for determining the value of a car accident or personal injury claim. The circumstances of every accident are different. Injuries are different for every person. The impact injuries have on one's life is different from person to person. The amount of time that it takes to recover from an injury is different for everyone. And pain and suffering is different for each person. How do you put a value on a life? You can't. Are you average? No. Are you just like everyone else? No. Then don't be tricked into a formula that doesn't really estimate the impact that your accident had on your life. Most Common Settlement Formulas you may find 3 x Medical Costs + Lost Income = Fair Settlement Value (Medical Costs + Lost Income) x 2 = Fair Settlement Value Don't don't be tricked by the insurance adjustors into believeing these simple formulas. There is absolutely nothing simple about determining a fair settlement value in personal injury claims. If you have been injured in an accident you would be well advised to seek the help of a qualified personal injury attorney to help you. Only an experienced personal injury attorney, someone who has settled thousands of cases, has the skill and experience necessary to help you determine the fair value of an injury claim. The Andrew Kim Law Firm represents those injuried in car accidents, slip and falls, dog bites and other accidents causing injury. Call our office at (253) 682-2000 in the Tacoma area, (425) 289-1990 in Bellevue and surrounding areas or toll free at (800) 636-3676 for your free consultation.
Sign up to receive a 3-part series of useful information and advice about personal injury law.