Every year, there are around 151 million emergency department visits. Not every accident warrants a trip to the hospital either, so there are many more injuries that aren’t documented.
While some are the result of clumsiness, other accidents are caused by a second party. If this has happened to you, then you deserve to be compensated for your recovery time. It can take a lot out of you both physically and financially, after all.
Read on to find out how pain and suffering are calculated so you can get proper compensation.
It’s Tough to Put a Number on Things
First off, it’s difficult to attach a dollar amount to your accident and call it a day. There are many factors at play, and some would argue they’re subjective.
With that said, insurance companies and lawyers often use the multiplier method and per diem methods to calculate payouts.
The Multiplier Method
To make this calculation, add up all the damages and multiply between 1.5 to 5.
The exact multiplier will depend on how serious your injuries are. For example, if you’ve suffered serious injuries that’ll debilitate you for life, the multiplier should be 5, or even 6 or 7 in very serious cases.
Do note that this is just an estimate. The payout you receive won’t necessarily be that amount.
The Per Diem Method
The per diem method isn’t for permanent and long-term injuries. But it can work in a pinch for mild to moderate injuries.
Basically, for every day you take off work, you’ll be compensated. Take your salary, divide it by 250 working days per year, and you’ll get your daily rate. Multiply this number by the days you’re off work, and you’ll get your pain and suffering damages.
Talk to a Personal Injury Lawyer
The above 2 methods of calculating pain and suffering damages are very basic and simple. The reality is that you’ve got other things to consider, including medical bills, medications, and long-term disabilities, as well as therapy sessions if applicable.
The best way to secure your future is to talk to a personal injury lawyer. Not only do they have the experience and knowledge to determine fair compensation, but they’ll also be your advocate. It’s not uncommon to see the other party and/or insurance parties reject your claim, so you need someone on your side, especially while you’re recovering.
To have a better time with your pain and suffering settlement, find out more on accident attorneys. They’ll be able to help with car accident injuries and beyond.
Get Maximum Compensation for Your Pain and Suffering
Pain and suffering are inevitable when you’ve had an accident, regardless of the severity. So if it was someone else’s fault, seek compensation to make life a bit easier. That way, you can focus on recovering and getting your life back on track ASAP.
Find out more about legal matters by checking out the rest of our blog.