Obtaining the settlement amount you deserve can be a complex and convoluted process, one which is not guaranteed to provide satisfactory results. While your medical expenses and physical damages may be just barely covered, emotional damages are often shortchanged and completely undervalued. Every accident or injury is unique, and some cases are too complex to accurately predict the outcome.
Economic vs. Noneconomic Damages
Economic damages include tangible figures, such as lost wages. Noneconomic damages are less strictly defined as emotional distress is not so easily defined. Determining how much your pain is worth is a subjective decision. However, if your case is fairly straightforward, the insurance company may employ a multiplier formula to calculate your offer.
The Multiplier Method
Your economic damages are multiplied based on the severity of your injuries, considering issues such as permanent injuries, loss of enjoyment, etc. The range for grading your injuries is on a scale from 1.5 to 5 and the decisive struggle in this process will be proving which multiplier you deserve.
Injured & Seeking a Trusted Phoenix Personal Injury Attorney? Call Us
With Rafi Law Group on your side, you can rest assured you are in the right hands following an accident or injury due to no fault of your own. Our firm is highly-esteemed for our sincere determination to protect and promote our clients’ best interests. Understanding these formulas and negotiating with stubborn insurance adjusters is simply too much stress to bear--allow us to step in and guide you through this process with ease.
Interested in speaking to a representative? Don’t hesitate to contact us at (623) 207-1555 at your earliest convenience.