A tool designed to estimate potential compensation for non-economic damages in personal injury cases considers factors such as medical expenses, lost wages, and the severity and duration of the injury’s impact on an individual’s life. For instance, it might consider a broken leg requiring extensive physical therapy more impactful than a minor sprain. This estimation process assists in determining a fair settlement value.
Such tools provide a valuable starting point for negotiations, offering a framework for understanding the potential monetary value of non-economic losses. This can be particularly helpful in complex cases involving significant long-term effects. Historically, quantifying these types of damages has been challenging, leading to inconsistencies in settlement amounts. These tools contribute to a more transparent and equitable process by offering a more objective basis for discussion.
