Before you head down a Google-search rabbit hole of unrealistic expectations for the amount of compensation you or a loved one could be awarded for pain and suffering resulting from an accident, you should know that there is no crystal ball to be found on the internet that can magically foretell the riches that await you. The fact is there are many variables to consider in each and every pain and suffering case in order to accurately determine the maximum compensation an individual could receive. When it comes to pain and suffering every case is different.
Yes. But not with a high degree of accuracy. Traditionally, the Per Diem and Multiplier methods are used to calculate pain and suffering. While there are many free online calculators that claim to be accurate, the truth is that calculating pain and suffering compensation is not an exact science. No two cases are the same. However, an attorney will be able to estimate and fight for the maximum compensation for their client based on prior experience with pain and suffering cases.
In general, proving emotional distress is more challenging than proving a personal injury. Juries tend to be more sympathetic to an easily visible injury like a facial scar than self-reported insomnia. This is why we recommend that you keep a journal to log any emotional distress you are experiencing as soon as possible. It is also important to have expert testimony about your emotional distress, which can be provided by a health care specialist, such as a psychiatrist. Emotional distress damages are quantified by building a convincing body of evidence.
Compensation for pain and suffering is typically calculated in two ways. The Per Diem method and the Multiplier method. The Per Diem method puts a dollar amount on every day that you experience an injury due to an accident. It then multiplies that daily dollar amount by the total number of days that you have experienced pain and suffering. The Multiplier method adds up all the existing medical bills and lost wages and factors in similar future costs. It then takes that total and multiplies it anywhere from 1.5 to 5 times that amount depending on the severity of the pain and suffering.
Yes, you can negotiate pain and suffering compensation with an insurance company. It’s important to remember, however, that insurance companies are not your friend in this process. They will not look out for your best interest. To keep their business afloat it is in their best interest to settle your claim as fast as possible while giving you as little compensation as possible. For this reason, you should remain professional while negotiating and, whatever you do, do not disclose anything about your financial situation beyond what the insurance company needs to know to process your claim. For the best outcome when negotiating compensation with insurance you should consult with an experienced lawyer.