If you’ve recently been involved in a car accident, retrieving your claim can be a lengthy process. However, since you need repairs, compensation for lost time at work, or even need to buy a new car, the finance process after an incident is just as important.
To help you plan ahead for the future, a personal injury calculator can be a great way to see how much money you’re going to receive from the claim. This can help you plan and stay organized. Today, we’re going to explore five tips you need to know in order to use these calculators successfully.
#1 – It’s a Ballpark Figure
Whatever the calculator displays after you’ve inserted all the information, you need to remember that this is not how much you’re going to receive, but rather a roundabout figure.
Take whatever figure shows up with a punch of salt, usually plus or minus a few hundred dollars; depending on your individual circumstances.
#2 – Define Your Type of Claim
There are multiple different types of claim you could be receiving, so you’ll need to know this when using a personal injury calculator. For example, some claims may only cover health care bills, while others may be compensated for lost time at work.
Others may only want to pay you for repairs to your vehicle, so may sure you’re aware of which one best suit you and what calculator you’re using.
#3 – Be Aware of Pay-out Limits
Depending on the insurance policy you’re involved with, you may find that you’ve got a limit on how much compensation you could pay out. This means the personal injury calculator may suggests you’re now a millionaire, but if the limit is $50,000, this is all you’re going to get.
Since you’ve been in a car accident, you will have some options to get around this, depending on your individual case and circumstances, but be aware of any limits that may be in place.
#4 – Were You at Fault?
Of course, if you were at fault for the accident, or found to be at fault, this is going to seriously affect your pay-out and the value of it. In some states operating using comparative fault statutes, even if you’re 1% at fault, you can lose your entire sum of compensation.
#5 – Be Proactive in Your Case
While you may be quoted a sum on your personal injury calculator, if you’re proactive in your case, you can increase this figure dramatically. This means monitoring your money and finances, as well as keeping proof, so you can prove it all in court.
If you’re missing out on money at work because of your injury, suffering emotional stress, and paying out for legal fees and healthcare payments, all of this can be raised in court as sums to include in your received sum.
As you can see, while using a personal injury calculator can be a great way to see how much money you’re entitled too, there are so many variables out there that all depend on your personal situation. For the most accurate result and all the legal support you could ever need, visit DolmanLaw.com/doral-personal-injury-attorney/.