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How Are Car Accident Settlements Calculated in Fishers, Indiana? Insurance companies often utilize a specific formula to estimate the value of a car accident settlement in Fishers, Indiana. However, it’s a relatively straightforward calculation. The sum of your special damages (these are measurable costs such as medical bills, loss of wages, or property damage) gets multiplied by a certain number that reflects your general damages (these include non-measurable factors like pain and suffering, loss of enjoyment, or loss of consortium). To this result, you add your lost wages. The total gives an approximate settlement amount. Put simply, the formula is as follows: (special damages x general damages multiplier) + lost wages = estimated settlement amount However, it’s important to note that while this formula provides a general idea, the actual settlement can vary depending on the specifics of your case. This is why consulting with an experienced Fishers car accident lawyer is always recommended when dealing with auto accident settlements.
