Know The Tips To Calculate Your Settlement Value From An Injury Lawyer In Leduc

Knowing the way to calculate the value of your injury settlement is crucial, before you are called for settlement negotiation. For this, you will need the help of the Injury Lawyer in Leduc so that you arrive at the right claim amount using the personal injury calculator. Irrespective of the type of accident or the injury this calculator is a very useful tool for an injury attorney. This tool will show you the different aspects and elements of your claim including the special, general and other damages. This tool is also used by most of the insurance companies as this formula helps all to arrive at the starting point for any settlement negotiation.

The Common Formula

In this common formula, which is used by the insurance adjuster as well as the Injury Lawyer in Leduc, usually uses a multiplier. This is a specific figure with which your medical expenses or the special damages to be precise are multiplied to arrive at a fair and reasonable claim amount for your injuries sustained. This helps in the proper estimation of the non-economic damages or more precisely the amount of your emotional distress and pain and sufferings. This figure arrived is added to the economic losses or special damages for a comprehensive dollar amount from where you can start your negotiation.

The Settlement Calculator

The settlement calculator is used to calculate the medical expenses in dollar value. In the calculator, you will need to enter only the dollar value without any commas or dollar signs. This is the amount that you actually pay out of your pocket or being unable to pay right now for the medical bills. Assuming that you did not seek any medical attention for the injuries, the Injury Lawyer in Leduc will then use the daily rate method, if you still suffer from pain. But this is a completely different calculation and is seldom used as in most of the cases, you are advised to seek medical attention just after the accident.

Calculating Other Damages

The next step of the calculator is to calculate the property damage amount in dollar value. This is the damage that is usually caused to your car if you are involved in a car accident. For all other types of accidents like slip and fall and medical practices, this amount is entered at zero. Next thing to calculate is the lost earnings due to the injuries when you miss working for recovery from injuries. It is required to input the anticipated loss of your future income, if you are going to miss work due to ongoing treatments or your disability. The Injury Lawyer in Leduc will include the estimated expenses of your future medical treatments.

The Final Amount

In the end, the injury lawyer will use the multiplier ranging from 1.5 to 5, depending on the severity of your injury and type of accident to arrive at the final claim amount. Sometimes the injury lawyers also include a specific amount as "nuisance settlement" value along with the special damages to arrive at your final and reasonable settlement estimate. For more information visit here: BLPC AB Personal Injury Lawyer