A tool designed to estimate the monetary value of non-economic damages following a collision, this resource considers factors like the severity of injuries, medical treatment required, and impact on daily life. For example, a broken bone requiring extensive physical therapy would be factored into the calculation, as would the emotional distress and diminished quality of life resulting from chronic pain.
Quantifying these intangible losses can be challenging. This type of estimation provides a starting point for negotiations with insurance companies or in legal proceedings. Historically, determining appropriate compensation for these damages has been subjective. Such tools aim to provide a more objective framework based on established legal precedents and average settlement values for similar cases.
