You can easily apply cash receipts to injuries using medical expense accounting, drug costs, and an estimate of pending litigation. However, how to determine a reasonable addiction that causes physical pain? Insurance companies and lawyers use methods.
FACTORS CONSIDERED BY AN INSURANCE COMPANY IN CALCULATION OF PAIN AND SUFFERING
The insurance company will provide access to your medical records when you file a claim for damages. If you hadn’t sought medical attention, the insurance company would likely discount your pain and suffering as not being significant enough to be of use to use. In addition, if you delayed seeking medical help for too long, they might object to public opinion by claiming that your pain and suffering was a preventable consequence of your belated action.
Under normal circumstances, you would immediately turn to the reserves and get help. The insurance company then evaluates your medical expenses, such as the cost of treatment and medications, photographs of your injuries, missed work days, and out-of-pocket expenses for over-the-counter drugs and medical devices. They can then apply the multiplier method to calculate the monetary value of pain and suffering.
MULTIPLE METHOD FOR FINANCIAL COST
Insurance companies usually use the multiplier method, calculating its total economic loss and multiplying it by a number to get the cost of pain and suffering. They are usually used by any number between 1.5 and 5.
OTHER SUPPORTING EVIDENCE
Important concerns that your attorney may use to show pain and suffering include:
- Your letter about the impact of trauma on your life
- Testimonials from friends, family, and colleagues you frequently meet
- Precedent cases with similar participants
Car Accident Lawyers at Judd Shaw Injury Law can help you understand the value of your claim and receive the compensation you deserve. Contact us today for a free case evaluation.
HOW LONG DO I HAVE TO FILE A LAWSUIT AFTER A CAR ACCIDENT?
Like all personal injury cases, auto accidents are subject to a statute of limitations set by the state. The law sets specific time limits within which you can file a lawsuit. Once it is passed, you can no longer claim compensation in civil proceedings. The average statute of limitations for an accident is two to six years from the day of the accident.
DON’T WAIT TOO LONG TO ACT
The best way not to miss the submission deadline is to act as soon as possible. For example, see a doctor immediately. Delaying treatment has the potential to be detrimental to your health and business. For example, an insurance company may claim that you suffered preventable complications from not seeing a doctor for too long.
Speak to an attorney as soon as possible. You can file a claim yourself in your local civil court. However, the paperwork can be complex and require significant additional documentation. Any errors in the process can delay your litigation and potentially exceed the statute of limitations. The attorney ensures that the court receives your paperwork in a timely manner and with accurate information and paperwork.
Beware of unscrupulous tactics
Insurance companies always put the profit of the company above everything else. Therefore, they sometimes resort to malicious tactics to delay the process of filing a claim to ensure you miss the statute of limitations for filing a claim, leaving you with no choice but to accept the settlement agreement. Some common malicious tactics are:
- delay in the investigative process
- Sending a rejection without giving a reason
- Ignore your attempts to communicate
- Willful misinterpretation of the legal language of an insurance policy
- Change of policy in the interest of the company
If you suspect an insurance company is using one of these unscrupulous tactics, it may help to contact Judd Shaw’s Personal Injury Attorney for a free consultation.