How Is Pain and Suffering Calculated in Lawsuits?
After an accident, you likely know that you have the option to file a claim against the liable party to seek compensation for damages like property damage, medical care, lost wages, and more. But if you’re preparing to take on the legal proceedings after an injury, you may be wondering how to calculate the value of pain and suffering for your lawsuit.
Our team at Kohan & Bablove, LLP understands that, if you haven’t been through this type of case before, you may be unsure about what to expect. To help you ensure that you’re fully prepared, we’ve gone over some need-to-know information below.
Calculating the Value of Pain and Suffering
Because pain and suffering refers to damages that don’t have a monetary face value, it’s up to your attorney and you to place a value on your damages. One option is what some people call the “multiplier method.”
With this approach, you would calculate all your fiscal losses and multiply the total by anywhere from 1.5 to 5. The end result will be the calculated total for your pain and suffering.
Another approach is to use the “daily rate method.” In this case, you and your attorney will decide on a daily value. Then, you would multiply that value by the number of days you were forced to live with your pain and suffering damages.
Talk to a Riverside Personal Injury Lawyer
With either option, it’s going to be difficult to convince the other side that your calculations are fair and accurate. That’s why you may want to call an experienced lawyer at Kohan & Bablove, LLP. We can help you calculate the value of your claim and gather evidence to prove why you deserve every cent.
We will do everything we can to help you recover the compensation you deserve after your accident. Give us a call today at 1-844-404-2400 to schedule an initial consultation with one of our personal injury lawyers, or fill out the online contact form at the bottom of the page to request more information.