Car accidents are pretty typical and result in thousands of claims against different insurance companies throughout the year. With a lengthy history of replying to claims, insurance companies have gathered data on these crashes and payouts that enable them to develop criteria for resolving future cases. Ultimately, claims are determined based on the individual facts in the case, but there is some predictability in the data that insurance companies weigh in valuing your claims. They use a formula that considers your specific damages (economic loss) and general damages. Then, they multiply that loss by a particular numerical element they determine based on their statistics. This means that your actual economic losses can convey only a part of what the insurance company eventually may evaluate your claim’s value.