You add up all actual damages (also called special damages) and multiply that number by a number between 1, 5 and 5.The number you multiply by is called the multiplier, which indicates the degree of severity of your pain and suffering and any other general damage you have suffered. The multiplier method is when the actual damage is multiplied by a number between 1 and 5, depending on the severity of the injury. To decide what the multiplier is, the insurance company and your lawyer will evaluate the above factors to determine the severity of your injuries. The more serious it is, the more your number will multiply.
A common figure used throughout the industry is a multiplier between one and five. This means that pain and suffering are calculated above medical costs at that rate. The multiplier method is the most common means of calculating pain and suffering. First, add up the total amount of your medical bills.
Then choose a number between 1.5 and 5, depending on the severity of your injuries. Multiply your medical bills by this number by the value of your 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. The aftermath of a car accident can mean a trip to the emergency room, imaging tests, possible surgeries, and days, weeks, or even months of pain and recovery.
You'll want to know how your insurance company will calculate pain and suffering in your car accident. If someone is in a serious car accident and suffers multiple fractures along with a head injury, this person would have to deal not only with the physical damage to their body, but also with the lifestyle change that the injuries caused. 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. The team at Ben Crump Law, PLLC, can help determine liability and how pain and suffering is calculated in your car accident case.
The insurance company will look at several factors to determine the amount of monetary damages to allocate for your pain and suffering following a car accident.