The tool allows individuals involved in vehicular collisions to obtain an estimated value of potential settlements. It typically incorporates factors such as medical expenses, lost wages, property damage, and pain and suffering to generate a preliminary figure. For example, an individual with significant medical bills, documented lost income, and considerable vehicle damage could utilize such a tool to gain insight into the possible financial compensation they might pursue.
Such resources provide a crucial starting point in understanding the complexities of personal injury claims. They offer a readily accessible means of gauging the economic impact of an accident, assisting individuals in making informed decisions about seeking legal counsel and pursuing restitution. Historically, determining the value of a claim required extensive research and expert consultation; these tools democratize access to preliminary valuation estimates.