When you are pursuing compensation during a personal injury case, you and your lawyer will need to determine the amount of money by pain and suffering calculator, you deserve from the responsible party. To the untrained eye, it may seem that you can only receive compensation for the expenses you can prove through bills and receipts. These verifiable expenses are usually from medical and repair professionals.
In reality, the amount of compensation you are owed is usually not black and white. It is often greater than what you can prove through bills and receipts. Although the opposing lawyers and insurance company do not want you to know this information, it is critical to have all the pieces of information they use to help you receive the highest compensation amount possible for your case.
How Is My Compensation Determined?
Although each case is different, a basic formula for pain and suffering calculator is often used to help calculate the possible compensation you can receive after a personal injury case. The formula used to calculate the amount is similar to this:
(Dollar Amount) SD x GDM = (Dollar Amount) TCP
When broken down, the formula means the following:
Total dollar amount of Special Damages x the General Damages Multiplier (GDM) = the Total Compensation Paid (as compensation to the victim).
What Is Special Damage?
The first amount is called “Special Damages.” This is sometimes referenced as “Specials.” This is the total amount of your “black and white” or verifiable expenses attributed to your personal injury case.
This number typically includes lost property value, repair costs, medication costs, and medical bills, lost wages, out-of-pocket expenses, and other monetary expenses that can be proven to have occurred as a result of your injury or as a domino effect of your situation.
Once the total of all your bills, receipts, and other verifiable losses is calculated, this will be considered to be your Special Damages.
What Is A GDM?
Although everything considered as Special Damages is in black and white, which are verifiable expenses, the General Damages is a subjective measure used for each case. General Damages are commonly referred to as Pain and Suffering. The more pain and suffering in pain and suffering calculator, the higher your General Damages Multiplier is and the higher your compensation.
Since pain and suffering is subjective and its interpretation will vary based on the interest of the parties involved, the number will vary slightly. However, this can significantly affect your compensation.
The GDM is a figure between 1.5 and 5, and it is multiplied with your Special Damages to create a larger compensation amount. When filing a personal injury lawsuit, you are saying your losses are a direct result of another party’s negligence or action. Your GDM is increased the most by this magnitude of fault, combined with your pain and suffering.
When weighing your GDM, the basic considerations include in pain and suffering calculator:
- Your amount and duration of pain and suffering
- The disruption to your ordinary life
- The amount of negligence and recklessness of the responsible party
- Increased worry and stress
- Missing or disrupted benefits from a family relationship
- Long-term effects that caused loss of enjoyment
- Emotional distress