September 9, 2020 |
Personal Injury Attorneys
When you have been injured through no fault of your own, pain and suffering are often a large, and complex, part of your claim. At The Barnes Firm, our professional personal injury attorneys know how to handle your case and help you negotiate with the big insurance companies for the best settlement possible.
Pain and suffering are incredibly difficult to negotiate, with so many crucial factors involved including the nature of your injuries, the extent of the property damage to the vehicles, and the dollar amount of your medical bills. For you, negotiation with insurance companies means you need the facts and data to back up your claim, and that is where the experts at The Barnes Firm come in to help.
Negotiation of a Pain and Suffering Settlement
In a personal injury case, two types of damages are considered:
1. Special damages include compensation for economic losses like lost wages, damaged property, and medical bills.
2. General damages include compensation for other, non-economic losses, such as pain and suffering. Obviously, general damages are intangibles which make estimating their worth more difficult.
An auto accident with injuries caused by the recklessness or negligence of another person is often followed up by a call from the insurance carrier to the injured party. If there is no liability dispute, the insurance company will offer the injured victim a settlement.
It is important to know if you are an injured victim, that you do not accept the initial offer without talking with an expert personal injury lawyer. An early offer by an insurance carrier is intended to protect their financial interest which means the offer will likely be low. It is important for you, as the victim, to keep in mind you are likely entitled to both special and general damages and a settlement that helps you to recover and move forward into the future.
The Value of Your Pain and Suffering
While pain and suffering are difficult to calculate, it is not impossible. Insurance carriers often use a per diem or multiplier method in making the necessary calculations. With the per diem method, the insurance carrier multiples the estimated number of days it is anticipated that you will experience pain from your injuries. If you are permanently disabled due to the accident, this is not the method for you.
In the multiplier method, the insurance carrier calculates your past and future anticipated medical expenses which are then multiplied by a “multiplier” of 1.5 to five. Insurance companies like lower multipliers while attorneys representing victims choose higher multipliers. The multiplier settled on will factor in who was at fault, the severity of your injuries, your length and likelihood of your recovery, and the verification of your pain and suffering.
Contact an Expert Personal Injury Attorney at The Barnes Firm
If you have any questions regarding the negotiation of pain and suffering settlement following your accident or the accident of a loved one, call on the professional personal injury attorneys at The Barnes Firm.
The expert attorneys are standing by to guide you, protect your rights, and help you get the compensation you deserve for your pain and suffering. Call today for help 24/7: (800) 800-0000.