Auto Accident Settlement Calculator
Find Out How Much Money You Could Get Below
An auto accident settlement calculator will allow you to take the formula the auto insurance companies use to figure out how much auto accident settlement money they have to give you.
When they use this calculator they will be able to figure out how much money they have to give you for your claim mathematically. It is all a numbers game whenever they are using the auto accident settlement calculator.
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Use the auto accident settlement calculator formula to figure how much money you have coming for your auto accident settlement. Whenever you use the calculator formula, this will allow you to get as close as possible to the amount of money that the insurance company is going to offer you. You could get more money than what is seen on the auto accident settlement calculator, but that does not happen often. You would have to find a good lawyer to obtain a fair amount of money.
Your maximum amount of money = Medical Expenses + Loss of Income + Other Related Expenses x Pain Multiplier
For instance if all of your expenses were $50,000 and your pain multiplier was 5 you would get a maximum of $250,000
These are going to be broken down whenever your auto accident settlement is being put into consideration. They will look at your medical expenses, vehicle costs, lost income and the pain and suffering will come into play in most states. Some states make it more difficult to obtain pain and suffering, but if you hire a legal professional, you will be able to get the car accident compensation you deserve.
Before you enter information into the auto accident settlement calculator and get excited because you see a number that you like, you should make sure that you have plenty of proof to back up your case. If even the calculator gives you a large number, you will not get a fair auto accident settlement unless you are able to prove you are the one that should get compensation.
Prove Your Auto Accident Settlement Case
The first thing you need to do before you use the calculator is make sure you have gathered proof. You should have an adequate amount of proof that shows you were not at fault, and that you are the one that should get compensation from the car wreck. There are many things that could be considered as proof. Photos, witness testimonies, and the police report are just a few of the common ways people are able to prove they are not the at fault party.
When the insurance company uses their auto accident settlement calculator, they will take the amount of medical expenses, lost income and any other expenses, and they will multiple this with a pain multiplier. This means that if you have a small injury, they will multiply it by a smaller number. The number that is used in the auto accident settlement calculator is between one and five. The more severe your injury, the higher the pain multiplier is going to be.
Another thing you need to think about after you have used the auto accident settlement calculator is that this is just a tool. It is meant to give you an idea of how much money you could be able to get. You also will have to see how much of that will go to you. After this calculation is done by the insurance company, they will determine how much at fault you were, and then they decide how much they want to pay.
Consider A Car Wreck Attorney
Whenever you have a claim that could be worth five hundred dollars or more, do not allow this to slip away. Many times people try to file their own claims and end up failing miserably. This could mean they get a much lower amount of money than they thought they were going to get and could cause serious problems in their personal life, especially their finances. If you have been trying to decide whether or not to hire a legal professional, there are a few things you should know.
A legal professional that specializes in the area of car wrecks will be able to walk you through the entire process, and allow your mind to rest at ease knowing you are going to get the money that is coming to you. If you entered information into the auto accident settlement calculator, and it was over five hundred dollars, you should consider getting a free consultation. There are car accident attorneys in your area that are more than happy to help you find out what is going on with your case.
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