Personal Injury Settlement Calculator
This information is not intended as legal advice, and we do not represent you as your legal counsel.
We do not handle cases related to financial exploitation or poor housing conditions where someone might be taking advantage of an elderly person.
Personal Injury Settlement Calculator
Estimated Settlement Totals*
*The results calculated are meant for instructional purposes only. They do not constitute legal advice and offer a simplified overview of the potential estimated value of your case. Consult an experienced attorney for a full analysis of your specific case.
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Damages Covered in Personal Injury Settlements
Personal injury claims can cover a wide range of damages, both economic and non-economic, depending on the circumstances of the case. These damages are typically intended to compensate the injured party for their losses and suffering resulting from the accident or injury.
Compensation for all past and future medical bills, including hospitalization, surgeries, prescription medications, and rehabilitation.
Reimbursement for the lost income, encompassing both current and potential future earnings.
Coverage for the repair or replacement of damaged personal property, such as vehicles or belongings.
Compensation for miscellaneous costs incurred as a result of the injury, such as transportation, home modifications, or assistive devices.
Pain and Suffering
Compensation for the physical pain, emotional distress, pain, and suffering caused by the injury.
Damages intended to address psychological distress, including anxiety, depression, and other mental health issues stemming from the accident or injury.
Loss of Enjoyment of Life
Compensation for the diminished ability to partake in activities, hobbies, or daily life as a consequence of the injury.
Loss of Consortium
In cases affecting personal relationships, this covers the loss of companionship, support, and love from a spouse or family member.
How to Calculate Your Personal Injury Claim Value
Two common methods used for calculating personal injury settlement values are the multiplier and the calculation method. These methods provide rough estimates and are often used as starting points for settlement negotiations with insurance companies or during legal proceedings.
The calculation method is primarily employed to assess the value of "economic" or "special" damages, which are losses with specific dollar amounts, such as medical bills and repair invoices. This straightforward approach enables injured individuals and insurance companies to estimate special damages by summing up the actual expenses incurred due to the accident.
Imagine you were in a car accident, resulting in $10,000 in medical bills, $10,000 in lost wages, $2,000 for vehicle repair, and $1,500 in transportation and miscellaneous expenses. The total economic damages result in $23,500
General damages, such as pain and suffering, can be evaluated through the multiplier method. This method involves multiplying the total special damages by a factor between 1.5 and 5 to estimate the general damages. Higher multipliers like 4 or 5 are typically reserved for cases involving catastrophic injuries with substantial and enduring consequences.
If your economic damages (medical bills, lost wages, etc.) total $50,000 and you have a moderate personal injury lawsuit (severity level 3) with a chosen multiplier of 3, your estimated non-economic damages would be $150,000. Adding this to your economic damages results in a total settlement value of $200,000.
How Much Money Will I Pay My Lawyer After My Settlement?
Most personal injury lawyers, including Lehmbecker Law, represent clients on a contingency fee basis.With a contingency fee, your lawyer will receive a percentage of the total settlement amount as their fee, but only if you win your case and receive a settlement or judgment. The typical contingency fee percentage ranges from 33% to 40%, although it can vary based on your specific agreement and the complexity of your case.
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Why Choose Lehmbecker Law?
Choosing Lehmbecker Law means choosing excellence in personal injury representation. Here's why we stand out:
Expertise in Personal Injury: More than 52 years of combined experience in personal injury law ensures the best outcomes.
Client-Centered Approach: Personalized attention and open communication for your peace of mind.
Proven Track Record: A history of successful settlements and verdicts speaks to our reliability.