How Is Personal Injury Damage Calculated?

How is personal injury damage calculated

A personal injury case is worth a great deal of money, and calculating your damages can be a tricky process. You must know what your doctor ordered, and how much you spent. There are two types of calculations, the multiplier method and the per diem method. In the multiplier method, the actual damages are multiplied by a factor between one and five. The higher the number, the greater the compensation. The per diem method also uses a pain and suffering calculator that calculates damages daily.

Medical expenses are one aspect of personal injury damage calculations. Other types of expenses, such as lost wages and time off work, are hard to quantify. In Florida, for example, medical special damages are based on the amount of money the patient spent on medical care, while pain and physical suffering are subjective and cannot be directly measured. Regardless of the type of damages, these costs should be considered as part of the calculation. The insurance company will have to agree to these costs before they can approve your claim.

Other types of damages, such as future income, can be argued during an injury trial. The amount of non-economic damages depends on many factors, including the cost of medical care, lost wages, and the cost of replacing or repairing damaged property. Other forms of damages are more difficult to calculate. There is a formula that can be used to calculate the damages in these cases. This formula is important for evaluating your claim.

Non-economic damages are the most difficult to calculate. The purpose of compensatory damages is to put the victim in a position that they would have had the injury not happened. These compensations are meant to re-establish the victim’s physical, emotional, and social positions. In addition to medical expenses, they may also include lost income and the cost of hiring medical experts to provide testimony at trial. Depending on the circumstances, this form of damages can be more difficult to prove and calculate.

Non-economic damages include pain and suffering, loss of future earnings, and emotional distress. Other damages are not quantifiable. For example, non-economic damages include permanent physical disability, loss of social and educational experiences, and emotional trauma. The special damages are multiplied by the general damages, which are divided by the severity of the injuries. There is no way to calculate future medical expenses or lost income without knowing the specifics of your case.

In addition to monetary damages, there is a category of non-monetary damages known as “general damages”. These are meant to compensate the victim for pain and suffering, and are based on a variety of subjective factors. When determining the amount of general damages, you will need to consider your current and future earning potential. The multiplier will determine your overall damage value, but you may also need to include pain and suffering in your claim.