How are Pain and Suffering Damages Calculated in a car accident claim? HOW ARE PAIN AND SUFFERING DAMAGES CALCULATED IN A CAR ACCIDENT CLAIM?
If you happen to find yourself recovering from a car accident, you may want to consider filing a claim. It is a complicated process, one that included many different calculations in order to determine the final value you will receive. After a car accident, your life will change entirely. You will have to deal with many different things, and adjust to the “new life”. We encourage you to speak with one of Car Accident Lawyers in Los Angeles and have them help you file a claim. They will protect your best interests, and help you receive the highest amount possible. When calculating the total value of your claim, attorneys tend to struggle with the calculations involving pain and suffering. It is never easy to determine the value you are owed for all the pain and suffering you endured during your recovery. Here’s how it is calculated in most cases. Per Diem Many attorneys use the “per day” method when calculating the total value of your claim. When it comes to pain and suffering, one can never be sure how to properly calculate the amount. Here’s how this method works:
Multiplier Method This method is a bit more complicated than the per day method. In the past, many attorneys would take the actual damage (your lost wages + medical bills) and multiply it by 3 in order to reach a reasonable amount. Nowadays, not everything can be multiplied by 3. Instead, Insurance companies have developed several different calculation software. They no longer automatically accept that 3 is a reasonable multiplier for pain and suffering. Now they have different multipliers for different types of injuries. Light injuries carry multiplier 1 and 2, while serious injuries can carry a multiplier of 3 and 4. Car accidents can have any multiplier from 1 to 4, depending on the severity of the injury. The only way to know for sure is to speak with Los Angeles Car Accident Attorney. The Final Value The best way to receive the “right” amount is to use both methods when calculating your total car accident claim. Never set your expectations too high, but try to be more realistic. When setting your expectations, include things such as your medical bills, how long were you out of work, the severity of your injury, and whether or not others were involved. Together, these factors will help you draft a reasonable value for your claim.
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Joseph
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