How Do Insurance Companies Calculate Pain And Suffering?
How Do Insurance Companies Calculate Pain And Suffering
Clients often wonder how insurance companies calculate pain and suffering. Technically, if you take any settlement and subtract out the medical billing and the lost wages, you are left with what might be referred to as pain and suffering. Essentially, this is anything above and beyond actual expenses. Logic would tell you that is what is being offered to compensate you for your suffering.
Pain And Suffering Isn’t That Simple
Truthfully, your Average Personal Injury Settlement doesn’t really work that way. Two different personal injury attorneys may end up with two different results for the same client. This tells us that pain and suffering are a component of each settlement, but in the end, the skill set of your personal injury attorney will determine whether your pain and suffering is maximized in your settlement or jury verdict.
Your damages can be broken into a few categories:
Current Damages – Current medical expenses, Lost wages, and General damages. These include of course your doctor visits and prescriptions, physical therapy, chiropractic, etc.
Future Damages – Future medical expenses, Future lost wages, and Future general damages. While these are not always certain, a doctor’s opinion can be attained in most cases, to try to prove the likelihood of the need for future treatment.
Rehabilitation Damages – If your recovery will involve or require training or re-directing of a career or vocation, you may have rehab damages.
Punitive Damages – Lastly, though uncommon in North Carolina, punitive damages are meant to punish the at-fault party. These go above and beyond your pain and suffering and usually are a dollar amount chosen which represents the desire to “send a message” to the at-fault party that this type of behavior will not be tolerated. A classic example is an award given in the McDonalds hot coffee case. The amount of the award was very high, presumably to send the message to corporations that they need to be more careful with hot coffee.
Forget Pain And Suffering And Focus On Value
If you could listen in on your personal injury attorney’s conversations with the insurance adjuster or opposing counsel, you would find the attorney rarely mentions the phrase pain and suffering. There’s a reason—both sides can strongly disagree about a dollar amount which is fair. Instead, the attorney works to build your case based on facts and categories of damages such as those mentioned above. Rather than argue about what you’ve been through, your attorney will argue what it’s going to take to get you back to where you were before the accident.
There are of course accidents that involve a terrible amount of pain and suffering, and in those cases, they play a larger role. For instance, if a claimant witnessed the loss of a loved one, or the experience itself was horrific. A vehicle that rolls over three times on the highway involves more pain and suffering than a fender bender on a city street, even if the injuries are the same.
You Need Someone Who Enjoys Arguing
It sounds funny to say, but it is our opinion that you need a personal injury lawyer who actually enjoys arguing. Not in the sense that it makes their day to argue with someone. Instead, you need someone who is interested in building an argument for you. A personal injury attorney and law firm that looks at your case with fresh eyes and can tell the story of your case in a convincing manner will help to maximize the value of your case. In the end, that means a better result for you.
Our clients love that we take a genuine interest in defending their right to be fairly compensated. While none of our Reviews specifically indicate that we love to argue, we find that a client feels satisfied when they know their lawyer went the distance for them– this includes standing our ground against opposing counsel in a personal injury matter.
Speak With A Personal Injury Lawyer Today
If you would like to speak with an attorney about your personal injury case, we’re here to help. The call is free and you will come away with a much better understanding of your options. You can reach us at 704.749.7747 or click to request a FREE CASE EVALUATION, and we will be in touch shortly.
If this article was helpful, you may find other helpful articles on our Personal Injury Blog. Thank you for visiting the website—we hope it has been helpful.