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The multiplier method is an equation frequently used by insurance companies and is a common way to calculate pain and suffering damages. You add up all special damages and multiply the result by a number between 1.5 to 5.
If you choose to proceed with your claim without an attorney, you will need to gather evidence, estimate your damages, file the claim, and negotiate with the insurance company for a settlement. You can review resources from the California Department of Insurance to help you start the process.
It entails totaling your economic damages and multiplying them by a variable. Typically ranging from 1.5 to 5, higher variables are assigned to more severe cases. For instance, if you incurred $100,000 in economic damages and a 1.5 variable is applied, your pain and suffering damages would amount to $150,000.
A primary concern is often trying to determine how much compensation you can expect to receive for your car accident injuries. Car accident settlement amounts in Arizona can vary enormously, but the rough average falls between roughly $10,000 and goes up to over $30,000.
'Damages' are paid as compensation for the pain, suffering and loss of amenity you have experienced following an accident. However, the amount we predict is not guaranteed. This is because solicitors, insurers, and judges value claims based upon evidence. An independent medical expert usually obtains this evidence.