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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.
There is no set amount, or even guideline, for determining the amount of pain suffering for an injury victim. In fact, the award amounts vary depending on the state where the incident occurred.
Few North Carolina car accident cases go to trial. And if a formal lawsuit is not filed, claims are often settled within 6-14 months once the insurance company receives the demand package. The demand package outlines the extent of all medical bills, income loss, and others costs related to the accident claim.
It can be challenging to calculate an 'average' wrongful death settlement when so many factors are at play. However, a study involving 110 cases in North Carolina determined that the median settlement amount for a wrongful death suit was between $490,000 and $500,000.
There is no fixed formula for placing a value on physical pain and mental suffering. You will determine what is fair compensation by applying logic and common sense to the evidence.? The ?per diem? model, in which damages are calculated on a per-day basis, is also used in NC, but for permanent injuries.
In most personal injury cases in North Carolina, there is no limit on the amount of non-economic damages you can be awarded. However, there is a cap on pain and suffering damages in medical malpractice cases, which is $500,000.
In NC, if you have been injured through no fault of your own due to another's negligence, you can recover the costs of your medical expenses, missed time from work and be compensated for your pain and suffering.
North Carolina's philosophy is that a wrongful death claim exists when the death of a person is caused by a wrongful act, neglect, or fault of another, and if the injured person had lived, they would have had the right to sue for personal injury.