This method involves adding up all the “special damages” and then multiplying that figure by a certain number (usually between 1, 5 and 5, with 3 being the most used). 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 together 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. These types of compensation are called pain and suffering. In general, compensation for pain and suffering will be calculated by adding economic damages and multiplying them by a number between 1.5 and 5, depending on the severity of the injury. You'll want to know how your insurance company will calculate pain and suffering in your car accident.
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. 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. The team at Ben Crump Law, PLLC, can help determine liability and how pain and suffering is calculated in your car accident case.
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.