NEW YORK – Whenever a person has been injured in a car accident, they could get compensation for their injuries. Compensatory damages often include things like medical bills, lost wages, and transportation costs, which are all easily calculated. However, many victims of vehicle accidents ask our personal injury lawyers, How Do Insurance Companies Calculate Pain And Suffering?
Pain and suffering are not as easily calculated as other quantifiable damages; there’s no mathematical formula to determine how much a motor vehicle accident victim should receive. So, how is it determined?
How Do Insurance Companies Calculate Pain And Suffering?
Generally, this figure is determined by previous jury verdicts or previous settlements. This is one of the reasons why experience is crucial when choosing a law firm to represent you after you’ve been injured in a car accident.
The bottom line is, insurance companies aren’t calculating pain and suffering for you. In fact, they’re not eager to give you any compensation. It’s usually up to your car accident attorney to determine a fair settlement figure. If the law firm and the insurance company can’t come to an agreement, it’s then up to a jury to decide how much your pain and suffering is worth.
When it comes to settling personal injury cases, there are many factors to take into consideration. Some of these factors include the cost of past medical expenses and lost earnings. Future medical expenses related to the motor vehicle accident and future loss of income should also be considered. Then, there’s pain and suffering, which can be determined by an experienced Brooklyn car accident lawyer.
Add all of these factors together, and that will help you determine a fair settlement amount.
Pain and suffering can be difficult to quantify, but the Brooklyn car accident attorneys at Cellino & Barnes have years of experience and a track record for getting clients the best results possible. If you’ve been injured in a car accident, call us for a FREE consultation.
We’ve heard a lot of questions, including “How Do Insurance Companies Calculate Pain And Suffering?” Our Brooklyn car accident lawyers aren’t afraid to get you answers. If you have any questions about your insurance company, vehicle accidents or injury law, do not hesitate to give us a call — we can help you find the answers you need.
Cellino & Barnes (800) 888-8888