Settlement amounts are generally calculated by taking into account various economic damages, such as medical expenses, lost wages, and out-of-pocket costs for the injury. However, non-economic factors must also play an important role. Non-economic factors may include pain and suffering and loss of quality of life. Insurance adjusters use personal injury settlement calculators to determine how much you will be compensated for medical expenses, devastating pain and suffering, emotional distress such as mental distress and loss of income related to your car accident case or other accident claim.
Non-economic settlements, unlike special damages or economic damages due to lost wages or income, seek to compensate the accident victim for the pain and suffering they have experienced from the accident.