You add up your medical bills and apply the multiplier. Then you add up your lost wages to reach a total. The most common approach is to add up all the special damages (remember, those are your easily calculable economic losses) and multiply them by a number between 1.5 at the lower end and 4 or 5 at the upper end. The theory behind estimating general damages based on special damages is that more serious injuries will result in higher special medical damages and will likely cause the plaintiff more pain and suffering.
The multiplier is used to make adjustments based on the severity of the injury suffered by the plaintiff. However, this is only a starting point; you should consider other facts about your accident and your injuries, including how painful your type of injury is, how invasive or long-lasting your treatment will be, or how severe or visible the permanent effects of your injury will be. Once you have calculated your general damages, you will add your special, medical, special and general damages to arrive at a good starting point for your negotiations. The formula uses a multiplier and the medical expenses used during the treatment of the injury to add to the non-economic injuries.
These non-economic injuries are pain and suffering, trauma or mental health problems. It is an additional compensation value to a claim for compensation for economic damages, such as property damage, medical bills and loss of income. Putting a price on their pain and suffering can be a challenge. Many insurance companies use the multiplier method to calculate these intangible damages.
The multiplier method is an equation in which the actual damages are added and the total is multiplied by a number between 1.5 and five. The number you multiply by (the multiplier) indicates the level or degree of your pain and suffering. The Multiplier Method is the most common way to calculate pain and suffering for personal injury settlements. This calculation is made by adding the economic damages of the injured party and applying a multiple of one to five.
Experienced injury lawyers know how insurance companies use pain and suffering multipliers, travel formulas and proprietary software to calculate settlements. You will need a personal injury lawyer to convince the company to pay large amounts for non-economic damages. How pain and suffering are calculated in a car accident case is critical to the compensation you could receive in an insurance claim or personal injury lawsuit. For example, if you have suffered serious injuries, the multiplier should be close to 5, and it may increase (6) or if your injuries are very serious.
Unlike many other states, West Virginia has not enacted a statutory limit on non-economic damages for most personal injury claims. There are many factors involved in determining a settlement amount for a personal injury case, and this calculation is just the beginning. If you didn't see a doctor right after the accident, you may want to schedule an appointment to have a doctor evaluate you for delayed symptoms and document your injuries. If you or someone you love was injured in a car accident due to the negligence of another driver, you could be eligible for compensation for medical bills, loss of income, and pain and suffering.
Insurance companies often use the multiplier method or the per diem method to calculate pain and suffering in a car accident case. As the amount of money for compensation is calculated, a person should always know that a personal injury in Des Moines, IA varies from where the incident occurred. On the contrary, a personal injury lawyer represents your best interest and fights to maximize compensation. You'll want to know how your insurance company will calculate pain and suffering in your car accident.
You can use Nolo's personal injury settlement value calculator to get a reasonable amount of dollars for your claim. We have a tireless passion for justice, as well as a long history of settlements and verdicts in a wide range of personal injury claims. Personal Injury Lawyers Take a Sharply Different Approach to Calculating the Value of Damages for Pain and Suffering. .