What Methods Are Used To Calculate Pain And Suffering?

Most insurance companies and attorneys like to rely on a reasonable formula to determine the case value and calculate pain and suffering. Multiplier One such method is known as the multiplier method: This is involves the sum of the past and future medical bills multiplied by a reasonable multiplier usually 3 plus the sum of the special damages. (Medical bills, both past, and future) x (multiplier) + (Total of Economic Damages, like medical bills, property damage, lost wages, etc.) = Reasonable Value of Case The more severe the injury, the higher the multiplier with 5 being the highest. Essentially, [...]