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At your current or most recent job, you earn $45,000 per year that's $180 per day when you divide your salary by 250 working days per year. To get to a pain and suffering settlement in this case, just multiply your $180 daily rate by 150 days of pain, and you arrive at $27,000.
The more severe, the more your number is multiplied by. For example, if a person has $4,000 in medical bills because of a torn ligament, they might multiply that amount by two. This would determine their pain and suffering value to be $8,000.
The more severe, the more your number is multiplied by. For example, if a person has $4,000 in medical bills because of a torn ligament, they might multiply that amount by two. This would determine their pain and suffering value to be $8,000.
Many plaintiffs' attorneys were trained to use one of two methods for calculating pain and suffering. The first method is to multiply the plaintiff's actual damages (medical bills and lost wages) by a certain number, generally between 1 and 5 (depending on the severity of the injury).
$100,000 for future medical expenses. $100,000 for past pain and suffering. $327,800 for future pain and suffering.
Your average car accident settlement might be approximately $21,000. It is likely to fall somewhere between $14,000 and $28,000. The settlement is generally higher for more severe or permanent injuries. You'll also get paid more if the other driver was found to be driving under the influence.
A fair settlement can provide your family with compensation to pay for medical bills, make up for lost wages due to missed work, and other expenses associated with daily living. Many personal injury claims also include what's known as pain and suffering costs.
I'll also show you how to calculate pain and suffering. In 2017, the average auto liability claim payout for bodily injury was $15,270. However, the $15,270 figure includes loss adjustment expenses. An example of an expense is when the insurance company hires an investigator to take photos of the accident scene.
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