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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.
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.
Some PTSD lawsuits have settled for between $50,000 to $100,000. To prove PTSD in court often comes with challenges, and a plaintiff must have proper expert testimony. Jurors will want to hear from a treating psychologist or psychiatrist and see that the victim has undergone a significant course of treatment.
Although your lawyer cashes your settlement check and manages the disbursement of the money, your attorney cannot just take the funds from you. This money is legally yours, once debts have been satisfied and liens have been cleared.
The Multiplier Method Your injury's severity is rated from one to five and your economic damages are multiplied by that number to determine how much you may recover for pain and suffering.