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What is a Car Accident Settlement Calculator?

Home  >  Blog  >  What is a Car Accident Settlement Calculator?

August 12, 2023 | By Gerald A. Rosenthal
What is a Car Accident Settlement Calculator?

On Behalf of Rosenthal, Levy, Simon & Sosa | August 12, 2023 | Car Accidents

The first question that might come to your mind if you have suffered injuries in a car crash and are considering filing a claim could be, “How much is my car accident claim worth?” So you look online and find all kinds of car accident settlement calculators to help you calculate your claim’s worth.

However, it is immensely crucial to note that while a car accident settlement calculator can give you a broad estimate of your claim’s value, the reality is that no calculator can tell you the real value of your claim. An experienced West Palm Beach car accident lawyer, on the other hand, can provide you a fairly accurate estimate of your claim’s value based on the specific facts of your case, the claim valuation averages in your particular area, and common practices of judges, juries, and courts in your area.

Why You Can’t Trust Car Accident Settlement Calculators

Keying in dollar values in car accident settlement calculators will leave out crucial factors they don’t include in their formula and drastically change your claim’s worth. Because each car accident case will vary greatly, there can be different factors that will significantly affect the value of your claim. Even if you suffered the same injuries as another person, your claim might be worth more than theirs, depending on how you respond to treatment, your recovery, and other losses or damages specific to your situation.

Why You Should Discuss Your Case With a Lawyer to Learn The Value of Your Car Accident Claim

An experienced West Palm Beach car accident lawyer can estimate all the damages you’re entitled to recover that car accident settlement calculators simply cannot. Your lawyer will investigate the accident thoroughly, collect the necessary evidence to strengthen your claim, and use the following figures and factors to calculate your claim’s value:

  • How your injuries are impacting your life, and whether they would impact your future (and for how long)
  • Florida’s negligence and no-fault insurance laws
  • Whether expert witnesses are needed to strengthen your case and explain your injuries and long-term prognosis
  • Whether you can recover punitive damages
  • The insurance policies you can seek compensation from
  • Rulings and compensation amounts on local cases similar to yours

Your lawyer will also talk to different experts to help calculate your future medical requirements, earning capacity, and non-economic damages, like emotional distress, PTSD, depression, etc. They will establish your claim’s value based on this information, all available evidence, and careful legal evaluation. Car accident settlement calculators cannot offer this type of thorough and nuanced evaluation. Your West Palm Beach car accident lawyer will also negotiate with insurers and take your case to court if necessary.

Seek Legal Guidance From a Skilled West Palm Beach Car Accident Lawyer Now

Never rely on car accident settlement calculators to calculate the value of your claim. Instead, find out how much your claim is worth by talking to our West Palm Beach car accident lawyer at Rosenthal, Levy, Simon & Sosa. Don’t worry; your consultation is free. Schedule yours now by reaching us online or calling 561-478-2500

Gerald A. Rosenthal Author Image

Gerald A. Rosenthal

Retired

Since opening the firm now known as Rosenthal, Levy, Simon & Sosa more than 40 years ago, Gerald A. Rosenthal has been a dedicated champion of the everyday hero – police officers, firefighters, teachers, nurses, construction workers, farm workers, and more. Passionate about preserving the civil rights of laborers, he has fought tirelessly against giant insurance companies who deny the injured workers their benefits. It’s not just the lawsuit Rosenthal fights to win – he is driven by the opportunity to restore his client’s quality of life.

Author's Bio

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