Written by Parnall Law Firm reviewed by Bert Parnall
Owner/CEO at Parnall Law Firm
The simplest way to calculate a reasonable settlement is to add up your economic damages. First, look at medical bills, car repair bills, and other receipts to add up all the money you have paid because of your injury. This can include expenses you might not think of, such as transportation to and from the hospital. If you expect to have ongoing medical expenses related to the injury, these costs should be included as well. Add this to the amount of wages you have lost by taking time off work to recover and the amount of any vacation or sick leave you had to use. The sum is your economic damages.
Next, try to make a realistic assessment of your pain and suffering on a scale of 1 to 5. Multiply the economic damages by this number. This is an estimate of your noneconomic damages. Add your economic and noneconomic damages together for an estimate of your settlement.
This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by Founding Partner, Bertrand Russell Parnall who has more than 20 years of legal experience as a personal injury attorney.
Tell us about your accident and your injuries. An injury lawyer from our team will call and provide you with a Free Evaluation of your Case. If we can help, and you are unable to travel, we will come to your home, office or hospital. It’s easy – let’s get started.
CONTACT US FOR A FREE CONSULTATION
Parnall Law Firm, LLC
Hurt? Call Bert ®
2155 Louisiana Blvd NE #8000
Albuquerque, NM 87110
Parnall Law Firm, LLC
Hurt? Call Bert ®
1424 Luisa St STE 1
Santa Fe, NM 87505
Parnall Law Firm, LLC
Hurt? Call Bert ®
2003 Southern Blvd SE #126
Rio Rancho, NM 87124