A computational tool designed to estimate the potential monetary value of claims arising from incidents where one vehicle strikes another from behind. These tools typically incorporate factors such as medical expenses, property damage, lost wages, and potentially pain and suffering to produce a preliminary settlement range. For example, an individual incurring $5,000 in medical bills, $2,000 in vehicle repair costs, and $1,000 in lost wages might use such a tool to gain an initial understanding of a fair settlement value.
The utility of these tools lies in their ability to provide a starting point for negotiations and a general understanding of case value. Historically, determining a fair settlement has relied heavily on attorney expertise, precedent, and negotiation skills. Such calculators offer a readily accessible means of gauging approximate claim worth, democratizing access to information and empowering individuals to better assess settlement offers. They serve as an informational resource, though not a substitute for professional legal counsel.
