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Insurance companies typically multiply the amount of medical bills by a number between one and five to calculate pain and suffering. The more severe and permanent the injury, the higher the multiplier. You, or your attorney, will need to use your best judgment in estimating your pain and suffering.
As of October 2016, the maximum allowable award for pain and suffering is $521,000. As the issue of pain and suffering can be both significantly personal and terrifically complicated, it is important to have strong, reliable and accurate medical evidence and treatment.
There is no one right answer. When valuing a client's pain and suffering, a lawyer will typically sue for three to five times the amount of the out-of-pocket damages (medical bills and loss of work). Therefore, if you were out of pocket $500, you might wish to ask for $1,500, the overage being for “pain and suffering.”
Insurance companies typically multiply the amount of medical bills by a number between one and five to calculate pain and suffering. The more severe and permanent the injury, the higher the multiplier. You, or your attorney, will need to use your best judgment in estimating your pain and suffering.
That said, from my personal experience, the typical payout for pain and suffering in most claims is under $15,000. This is because most claims involve small injuries. The severity of the injury is a huge factor that affects the value of pain and suffering damages.
Payable by Insurance Automobile liability policies generally provide coverage for pain and suffering claims. Typically, referred to as “bodily injury liability,” this coverage applies to pain and suffering damages, as well as claims for medical bills and lost wages.
Start with your opening statement. For every serious physical injury, address the concomitant mental injury. Use good taste and common sense. Do not overreach. Let others do the plaintiff's complaining. Create impact with vignettes. Play show and tell.
The more severe and permanent your injury is, the more pain and suffering you will experience. Insurance companies typically multiply the amount of medical bills by a number between one and five to calculate pain and suffering. The more severe and permanent the injury, the higher the multiplier.
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