Florida Post-Judgment Interest Calculator

Learn the role of interest in Florida personal injury claims, and use MattLaw’s calculator to estimate how much interest you should be paid on your judgment.

Litigation isn’t the quickest process. Sometimes, the final resolution of a case and recovery of compensation will come years after the initial injury. Damages in a personal injury lawsuit are meant to make the victim “whole” again, which is to say, it’s meant to put them back into the position they would have been in had the other person not harmed them. As such, some may regard the delay in paying out damages as a loan to the defendant – and without post-judgment interest, that loan would be interest-free at the plaintiff’s expense.

If you were injured in an accident, you might wonder how the court will calculate that interest. Here is some information about interest for successful personal injury claims, as well as a calculator that may help you determine the amount of interest that might apply in your case.

Post-judgment interest discourages delays in payments

Interest will also accrue after the date of the judgment until the defendant pays the full amount. The goal is to prevent the defendant from delaying payment of the award to the injured person while also making sure the amount the victim recovers accounts for any delays. Florida sets interest rates quarterly.

Using a Florida judgment interest calculator

At MattLaw, we created an interest calculator to help plaintiffs and defendants estimate post-judgment interest in their Florida cases, determine the full payment amount, and break down the per diem of the interest amounts. To use the calculator, enter the date of injury, date of judgment and the judgment amount to see the estimate. Remember that this is just an estimate and cannot provide an exact amount. Speak to your attorney regarding any questions you have. 

If you were injured because of another person’s negligence and have not yet contacted an attorney, you should reach out as soon as possible. At MattLaw, our experienced team is ready to discuss your case and your injuries. Call or fill out our contact form to schedule a free case evaluation.