How is the Personal Injury Amount Calculated?
Every personal injury claim is different. The amount of your compensation is dependent on your circumstances and the number of your damages. So, in that case, you have to know how to evaluate all of your medical expenses, lost income, and so on. If you rely on your insurance adjuster’s personal injury calculator for the fair amount of your compensation, surely it is your wrong decision.
You will not be able to get a fair amount of compensation. So, if you want to get the highest compensation, you have to know how to calculate your injury. Here in this article, we will discuss insurance injury calculator. Hopefully, it will be beneficial for you in your case.
Insurance injury calculator
Insurance company saves its money by not giving that enough compensation needed to the victim or by avoiding giving benefit. They try to save their money and increase their profit by using some computerized personal injury calculator like Colossus.
Colossus is one of the most used and best settlement calculators. This calculator is specially designed for insurance companies as we have said before that insurance companies always try to reduce the amount of compensation. This calculator also reduces the amount of your settlement.
That is why personal injury lawyers are profoundly disagreed with using these types of personal injury calculator. Besides, a computerized calculator can’t measure your emotional stress or damages by accident.
At the same time, it can calculate the effect of the injuries and costs in your life. That is why you should calculate your claim in the analogue method. When you are calculating your claim, you have to consider many things. Here we are giving you the damages you should find for calculating the amount of your compensation.
There are two types of damages you may have after an accident. These are as follows.
1. Special Damages
Special damage refers to the types of economic damage that can be measured by the amount of money. This damage is the amount of money you have lost for the accident and the continuous loss of money for the negligence of the responsible party like medical expenses.
Anyways, here we are giving you some examples of special damages which you must consider when you are calculating the amount of your compensation. These are as follows:
You have to consider the amount of money that you could earn if you would not be the victim of the accident. Probably this is the most significant damages to an accident. You and your family will be fallen into a severe problem if you can’t earn anything for your family.
There have a lot of medical expenses like medical bills, nursing caring bills, therapy and operation bills, etc. you will get after an accident. These all bills you have to calculate together and provide them with the total amount of money for your medical bills.
There have some other types of medical expenses, like you may need many tests for your treatment—for example, X-Ray, MRI, CT Scan, etc. The cost of these tests is also considerable in case of calculating personal injury.
And at the same time, there have many emergency departments in a hospital, and you may need one of them, and you should calculate these bills for as your compensation.
Some other expenses:
You may have some other expenses like transportation cost, crutches, medications, and some other costs like these after being injured in an accident. It will also be a considering issue for calculating the accurate amount of your compensation.
Some replacement cost you will have after being injured in an accident—for example, childcare costs, housekeeping costs, etc.
Damages of your personal items:
If the accident damage some of your personal items like your vehicle, your watch, any of your ornaments, etc., you should add the cost of these items in the total amount of your compensation.
Mainly these are the items you may have in your accident case, and you should add the amount of compensation in the total amount of your claim.
2. General Damages
General damages are the non-economic form of harms. These damages are complicated to measure because it is not possible to measure your sufferings. It depends on your circumstances. All kinds of pain and suffering are included in this section of damages. Some of the general costs are as follows:
A highly unpleasant emotional reaction like anguish, humiliation, etc. which is caused by the behaviour of another person is called emotional distress. The more intense your emotional pain, the amount of compensation you deserve.
But you have to prove your emotional distress to get the compensation, and it is so difficult to determine this without a mental professional. At that time, a personal injury lawyer can help you to prove this.
Lack of sleep:
If you are a victim of an accident, you may a sleeping problem called insomnia. If you can’t sleep enough at night, you can’t do any work. So it is also a considering issue here.
After being a victim of an accident, you can’t concentrate on any work. You may face many problems if you can’t focus on any job.
Depression is another considering issue. It would be best if you kept in your mind about your depression when you are calculating your personal injury.
Physical pain is one of the most important things you should consider while you are calculating your injury. Because nobody can measure your pain and suffering, so you must consider your pain and suffering when you are calculating your injury.
After your accident, if you want to get the compensation for your damages from the insurance company, you need to calculate your claim to get the correct amount.
It would be best if you didn’t use any computerized calculator or the programmed software because software or online calculator can’t measure your pains and suffering what you have got because of the accident.
Calculating personal injury is a complicated task. You may hire a personal injury lawyer to do this. Anyways, in this article, we have discussed the insurance injury calculator. We hope that this article will be very beneficial to your case.