What is my personal injury claim worth?
Here at Barry R. Rabovsky and Associates, we realize that calculating the cost of a personal injury is crucial to ultimately receiving appropriate and satisfactory compensation. Our objective is to be objective, deliberate, and counsel you in order to wait for the best offer. We know the importance of hiring a personal injury attorney who has experience, is responsible, and who you can trust in order to reach the best settlement.
Personal Injury Claim Estimate Equation, Calculator, Factors
Although it is near impossible to determine an exact estimation online, there are a few general guidelines that one can follow in order to determine an estimate. Compensation generally depends on pain of injury (permanent, impairment, scars, emotional damage), medical expenses (treatment, intensity), and recovery time (lost income).
Here is a basic equation to calculate an estimate or range of possible injury claims:Maximum Compensation ($) = (Amount of Pain & Suffering Multiplier x Medical Expenses) + Lost Income
Pain Multiplier—depending on the severity of injury, estimates can range from a low pain, sprained ankle (1.5), wheel chair bound injury (3-5), to possibly even higher multiplier if permanent injuries or disabilities occur.
Medical Expenses—total amount of hospital expenses resulting from accident
Lost Income—amount of money one would have made working
Injury Claim Calculator Example
- Medical expenses = $1500
- Injuries caused 5 missed work days, totaling $800
Claims amount = (1.5 to 5) x $1500 + $800
Claims amount = $3050 – $8300
There are numerous factors that can affect your personal injury claim. Here at Barry R. Rabovsky and Associates, we will provide a responsible attorney to help you make the right decisions when it comes to your legal obligations. For a more accurate estimation, please call us today to schedule a consultation and see how much your personal injury claim might be worth. We can help you obtain the settlement you deserve.