Michigan Slip and Fall Settlement Calculator: How Much Is My Case Worth?
A slip and fall settlement calculator considers many factors in determining how much your Michigan case is worth. There are, however, two important variables that will not be included in any slip and fall settlement calculator. The first is an analysis of liability (negligence), which will always be case and fact specific. The second is that all insurance companies take into account the experience, settlement track record, and reputation of your slip and fall lawyer, and being represented by an attorney who specializes in this area of the law can significantly increase the amount of your overall settlement.
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A slip and fall settlement calculator estimates the value of your Michigan case by considering factors such as your injuries, the extent to which your injuries prevent you from living your normal life, your medical bills, your lost wages, the liability insurance policy limits involved, and your choice of attorney.
How does your choice of attorney affect the slip and fall settlement calculator in determining how much your case is worth in Michigan?
When using a slip and fall settlement calculator to determine how much your Michigan case is worth, it is important to note that the attorney you choose to represent you is one of the most important variables in determining how much money you may be able to settle your case for. Insurance companies keep track of attorneys, and will be more likely to pay larger settlements when they’re faced with an experienced lawyer with a proven track record who truly understands slip and fall and premises liability law.
This is because an attorney with a demonstrated track record of successful settlements and verdicts increases the risk and exposure for the insurance company in any slip and fall case. Interestingly, a lawyer’s willingness to take cases to trial is actually one of the most important reasons why a case will settle, and settle for higher dollar amounts, before it goes to trial. The insurance industry’s own data shows that experienced slip and fall lawyers are able to settle these types of cases for 4 to 8 more than lawyers who do not have experience or a demonstrated track record handling premises liability cases.
How do you calculate an estimated slip and fall settlement in your case in Michigan?
In Michigan, to calculate what the slip and fall settlement may be in your case, you will simply do what almost all insurance company claims adjusters do in slip and fall cases: (1) add up your “specials” which are generally defined as economic losses such as medical bills and lost wages; (2) multiply your “specials” by some “multiplier” which tends to reflects how insurance companies evaluate pain and suffering; and (3) if applicable, add in future economics, such as future anticipated medical care and treatment and future economic loss.
How are slip and fall settlements calculated in Michigan?
The multiplier reflects the severity of your injury. In general, insurance companies will be more likely to use a higher multiplier with slip and fall cases involving a more severe injury, such as catastrophic injury or death. These higher multipliers reflect the increased exposure and financial risk the insurance company will face if this case went to trial.
The factors that influence the numerical value of the multiplier the slip and fall settlement calculator will use to determine how your Michigan case is worth include: (1) whether and to what extent your injury-related disabilities and pain are permanent; (2) the extent to which your injuries have been diagnosed and verified by doctors, hospitals, and medical specialists; (3) how long it will take you to reach maximum medical improvement; (4) your doctor’s prognosis for your future medical recovery and your need for medical care in the future; (5) the effect that your injuries have had on your ability to return to your pre-accident life; and (6) how strong the factual evidence is supporting a finding of negligence or carelessness on the part of the store, commercial building, or property owner responsible for causing your slip and fall or trip and fall injury; and (7) how strong the arguments will be supporting a finding of comparative negligence on the part of the plaintiff.
NOTE: Every premises liability case, whether that case involves a trip and fall or a slip and fall injury, will always involve some allegation of comparative negligence against the plaintiff. A defense lawyer or an insurance company will always say the accident victim is also, at least to some extent, at fault for not seeing or not avoiding the hazard or danger that caused the injury. This is where hiring an experienced slip and fall injury lawyer becomes so important in being able to successfully rebut and challenge these allegations of comparative fault when they are without merit.
What are the factors that a slip and fall settlement calculator considers for your case in Michigan?
A Michigan slip and fall settlement calculator considers the following factors: (1) the nature and extent of your injuries; (2) the extent to which your injuries prevent you from living your normal pre-accident life; (3) your present and future medical needs; (4) your total lost wages and future lost earning and earning capacity; and (5) the liability insurance coverage limits and the collectability of the store or property owner where the slip and fall injury occurred.
Other factors that may affect a settlement calculation include:
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You do not have to go it alone after your slip and fall accident. Let attorney Tim Holland and the attorneys at Michigan Slip and Fall Lawyers help you get the full compensation and legal help you need.
Our attorneys pride ourselves on treating every client with care, compassion, and respect. We pride ourselves on having excellent communication and we will always be there when you need us. We will ALWAYS return your calls and emails and answer all of your questions.
To speak with an experienced attorney about your injury and to answer any questions on how much your case is worth using our Michigan slip and fall settlement calculator, call us now, or fill out our contact form for a free consultation. We will help you understand Michigan’s slip and fall law and we are here now to answer all of your questions.
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