These online tools offer an estimated value of potential compensation following physical harm resulting from negligence. For example, an individual rear-ended in traffic may use such a resource to gain a preliminary understanding of what their claim might be worth, based on factors like medical expenses, lost wages, and pain and suffering.
The importance of these resources lies in their ability to provide a baseline understanding of claim valuation. They can assist individuals in comprehending the factors influencing a settlement and offer a starting point for negotiations with insurance companies. Historically, accessing this type of information required consultation with legal professionals. The advent of these online tools democratizes access to settlement estimation, although results should be regarded as preliminary.