How do I calculate a fair pain and suffering settlement after an accident?
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How do I calculate a fair pain and suffering settlement after an accident?
What should I take into account?
Asked on September 8, 2014 under Accident Law, Illinois
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
If you are negotiating with an insurance company on your own then I would strongly suggest that you pay an attorney AT LEAST a consultation fee to discuss the value of your injury, both settlement value and jury verdicts. There is no hard and fast rule for calculating this. Some attorneys 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). SOme pick an arbitrary amount and multiply it by the number of says the plaintiff was injured until they reached maximum wellness. Please get help. Don't sell yourself short. Good luck.
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