How do you calculate cost of pain and suffering?

The value of your pain and suffering damages is calculated by multiplying your diets by the number of days it took to recover. For example, your doctor discharged you 250 days after a motorcycle accident. Insurance companies less frequently use the travel allowance method to determine damage caused by pain and suffering. This method assigns a dollar value for a day of damage (usually a day's wage) and then multiplies that value by the number of days your injuries affected you.

The multiplier method for calculating pain and suffering is the most common method. This method consists of adding up all the “special damage” and then multiplying that figure by a certain number (usually between 1.5 and 5, with 3 being the most used). Special damages are any economic loss that can be easily calculated. They can include expenses such as medical bills, lost wages, and property damage.

If you want to learn more about the multiplier method or need help calculating your damages, contact a local car accident lawyer today. The aftermath of a car accident can mean an emergency room visit, diagnostic imaging tests, possible surgeries, and days, weeks, or even months of pain and recovery. 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 you determine liability and how pain and suffering is calculated in your car accident case.

You'll want to know how your insurance company will calculate the pain and suffering in your car accident. Insurance companies often use the multiplier method or the travel allowance method to calculate pain and suffering in a car accident case. The insurance company will look at several factors to determine the amount of monetary damages that will go toward covering your pain and suffering after a car accident.

Joy Villenas
Joy Villenas

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