If you are involved in a car accident, how is personal injury damage calculated? Your attorney will calculate damages in different ways, but there are generally two ways to get a fair settlement. The multiplier method involves multiplying your actual damages by one to five. The multiplier is calculated based on the severity of the injury. The more severe the injury is, the higher the multiplier will be. Per diem is a Latin term meaning “by the day.” The calculator will take these figures and multiply them by a certain number.
The other type of personal injury damage is called “special damages.” This type of damage is not based on economic losses but is based on pain and suffering, future medical expenses and the impact on your life. It may be difficult to calculate the value of future earnings, but it is often worth pursuing, as it is a significant loss. For example, the victim will be unable to earn enough money to replace the lost income in the future.
In addition to the above costs, personal injury damages can include a variety of noneconomic damages. Pain and suffering damages, for example, are not directly measurable, but are assessed case by case. The amount you receive is based on what the jury would accept as compensation for your pain and suffering. This type of damage is difficult to quantify, but it is still worth it. A judge or jury will have a tough time deciding how much is fair in a case.
In general, damages for injuries are based on two categories: economic and noneconomic. The former are easier to measure, while the latter are less clear. Property damage, for example, is a tangible loss that can be measured in dollars. The latter category is more complex, but it can be calculated. If an accident is caused by negligence, it is easy to determine the value of monetary and noneconomic damages. But if the damages were caused by an intangible loss, it can be harder to calculate.
Damages for injuries can include medical care and lost wages. If the insurance company is unwilling to settle, it will instead choose to settle. However, there are many ways to calculate pain and suffering damages. The most common one involves the time away from work and pain and suffering. These damages are subjective, but are usually reasonable, based on the circumstances. There is no clear-cut answer on how to calculate these damages. But here are three types of compensation:
In addition to medical care, a personal injury claim also includes pain and suffering. Both types of damages are based on the severity of the injury. In general, the amount of economic damages is the cost of the injured person’s time and money. The other category is noneconomic damage, which is the amount incurred for the accident. This is a more subjective category. The amount of noneconomic damages may be a little higher than the general amount.