When people talk about seeking compensation after a car accident, they usually start with things like damage to their car, medical bills from getting injured or the lost wages they need to recoup since they couldn’t work for a while. Then they may mention that you should even sue for pain and suffering.
You certainly know that you’ve had to go through a lot of pain and suffering as a result of your injures. It’s miserable. The treatment itself is painful. Recovery is horrible. You may have pain that will never fully heal after something like a spinal cord injury.
But how do you actually put a value on something like that? It seems easy enough to gather your medical bills or count up how many paychecks you missed, but how do you decide how much money you deserve for pain that only you can feel?
Using a multiplier is one possible option
One of the most common ways to do this is just to use a multiplier. You start with the actual costs that you can count, such as your medical bills and your lost wages. You then multiply it by the chosen number, which is different for every case but is usually at least one and no more than five.
For instance, if your actual costs were $50,000 and your multiplier was two, you could then ask for $100,000 for pain and suffering on top of your actual damages, or a total of $150,000.
This process can get complicated, especially when both parties do not agree on a fair multiplier. Since the compensation for pain and suffering has such a drastic impact on your case, you need to know what steps to take to protect your interests.