Demystifying Pain and Suffering Damages in Edwardsville

Demystifying Pain and Suffering Damages in Edwardsville

The concept of pain and suffering as a component of personal injury damages is frequently misconstrued. This is due to the fact that most individuals are unaware of the amount they may receive for pain and suffering. In contrast, insurance companies are well-informed about the appropriate compensation amount and will attempt to evade paying it to you. To receive adequate compensation, it is crucial to comprehend the calculation of pain and suffering damages. Visit this page to learn more here.  Insurance companies may employ two different methods that could result in removing the subjective aspect from what is essentially a subjective valuation. 

The Multiplier Method: How Insurance Companies Estimate Pain and Suffering Damages for Long-Term Injuries

When faced with long-term injuries, insurance companies may resort to the multiplier method, which involves calculating your economic damages, such as medical bills, and assigning a multiplier based on the severity of your injury to estimate your pain and suffering. If your injury is less severe, the multiplier may be around one, while more severe injuries, such as spinal cord or traumatic brain injuries, could result in a multiplier of five or higher.

However, this method disregards individual circumstances that may affect your ability to cope with your injuries. Factors unique to you, which are not reflected in an objective number, may have a significant impact on your ability to recover.

Understanding the Per Diem Method for Short-Term Injury Compensation

When it comes to shorter-term injuries, the insurance company may opt for the per diem method, which provides compensation for each day of pain and suffering until you reach a full recovery. However, this approach fails to consider your unique circumstances, such as the possibility of experiencing a more severe emotional reaction to your accident than others.

In such cases, an experienced personal injury lawyer can help ensure that your needs and perspective are taken into account in the determination of your compensation for the injury. Their expertise can make all the difference in advocating for your rights and securing a fair settlement.

Final Thoughts:

If you’ve been injured in an accident that was caused by someone else’s negligence or recklessness, you may be entitled to compensation for your pain and suffering. However, proving pain and suffering damages can be complex, and insurance companies will often try to downplay or deny your claim. That’s where hiring a lawyer can be incredibly helpful.