A tool designed to estimate the potential monetary value of physical harm inflicted due to negligence or wrongdoing. This assessment generally considers factors such as medical expenses, lost wages, pain and suffering, and property damage to arrive at a preliminary settlement figure. For instance, an individual involved in a motor vehicle accident who sustains injuries and incurs associated costs can utilize such a tool to gain an initial understanding of the financial compensation they might be entitled to seek.
The significance of such instruments lies in their capacity to provide a preliminary benchmark for understanding the scope of potential recompense. This can be particularly beneficial during early stages of settlement negotiations or when evaluating whether to pursue legal action. Historically, calculating damages in these situations involved complex manual assessments, often requiring specialized expertise. Modern digital tools offer a simplified and more accessible means of obtaining an initial estimate.
