How Auto Accident Pain And Suffering Turns Into Money Damages
When it comes to calculating pain and suffering damages in relation to accident injuries, it can be a subjective and complex process. Pain and suffering refer to the physical and emotional distress experienced by an individual because of an accident. Unlike economic damages that have specific monetary values, pain and suffering damages are not easily quantifiable. Read below for an overview of how pain and suffering damages are calculated regarding monetary compensation.
Calculating Pain and Suffering Money Damages
Each case is unique. Pain and suffering damages are based on several different factors that depend on the seriousness of the injuries, the location of the case, and more.
Multiplier Method: One commonly used method to calculate pain and suffering damages is the multiplier method. This involves multiplying the economic damages (such as medical expenses and lost wages) by a certain factor to determine the non-economic damages. The multiplier can vary depending on the severity of the injuries, impact on daily life, and other relevant factors. For example, if the economic damages amount to $50,000 and a multiplier of 3 is used, the pain and suffering damages would be $150,000.
Per Diem Method: Another approach is the per diem method, where a daily rate is established to compensate for pain and suffering. This daily rate is then multiplied by the number of days the victim experienced pain and suffering due to the accident. The daily rate can be determined based on factors such as the severity of the injuries, duration of recovery, and impact on daily life.
Case Precedents and Jury Verdicts: Lawyers and insurance adjusters often look at similar cases and jury verdicts in their jurisdiction to assess the appropriate range of pain and suffering damages. They consider cases with comparable injuries, circumstances, and outcomes to help establish a reasonable amount of compensation. Pain and suffering payments in the same geographic location may also be considered.
Expert Opinions: In complex cases, experts such as medical professionals, psychologists, or economists may be consulted to provide opinions on the extent of pain and suffering experienced by the victim. These experts can offer insights into the physical and emotional impact of the injuries and help determine the appropriate compensation.
Seeking guidance from a personal injury attorney experienced in handling accident cases is crucial to navigating the complexities of calculating pain and suffering damages. They can help evaluate the unique aspects of your case, gather evidence, and present a persuasive argument to seek fair and reasonable compensation for your pain and suffering.
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