The aftermath of a car accident can leave people dazed, even long after recuperation from the injuries. Insurance companies have stepped in, mountains of bills and forms keep arriving. You’re dealing with loss of work, continued physical therapy, stresses in the family, pain, insomnia–it all seems overwhelming.
The last thing you may want to deal with is a lawsuit, but before you accept a settlement offer, speak with an Indiana injury lawyer to determine the value of your case. Many people need help to decide if they are being given a reasonable offer.
If the other party is responsible for the accident, you are entitled to monetary damages, ideally to compensate you for your losses, including medical costs, property damage, lost wages and compensation for pain and suffering.
The most difficult of these to calculate is pain and suffering, and this is the area your attorney can help you calculate. “Pain and suffering” is an umbrella term that includes the vast range of emotional damages from the accident. There is no way to accurately place a dollar amount on the pain you have suffered, nor is there any way to say what amount will compensate you for the emotional distress you have been dealing with, or the loss of quality of life. Because there are no absolute rules and the calculation of these losses is ambiguous, an experienced personal injury attorney can help you determine what would likely be awarded if the case went to trial.
Pain and suffering damages are usually determined by multiplying the set damages (medical bills, lost wages, property damage) by a multiplier between 1 and 5. If your set damages were $4,000, for example, and they were multiplied by 3, your “pain and suffering” damages would be $12,000. There are other methods of calculation, and the multiplier chosen is higher or lower, depending on the severity of the injury. This calculation method is often used by insurance companies. Beyond the severity of the injuries, your attorney will determine how strong your case is, and what evidence you have for the proof of pain and suffering. Such indications could include prescriptions for pain medication or notes taken by your doctor on your health record.
Before you accept a settlement offer, it is wise to find out what your case is worth. Contact us for a straightforward examination of your case.