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Personal injury implies any type of injury sustained in accidents. These types of injuries may arise from car accidents, slip and fall accidents, defective products, or wrongful death claims. On the other hand, bodily injury is more limited and may imply injuries sustained by another person, usually in a car accident.
Sometimes, insurance companies use multipliers to determine pain and suffering. The multiplier ranges from 1 to 4 (sometimes more). They multiply this by the number of actual damages, including past and future damages to arrive at a total pain and suffering amount.
The damages to which you are entitled are typically calculated based on the severity of your injuries, the underlying circumstances of the incident in question, and whether the case settles or proceeds to a trial. The following factors are typically considered: Medical treatment expenses.
It should include your name, address, and a date for the letter. If sending to an insurance company, you would include their name, address, and a line directing the personal injury demand letter to the attention of an adjustor by name and title if one has been assigned to your claim.
Statement of Facts: Describe everything that happened before, during, and after the crash. Liability: Point out the evidence showing the other driver caused the collision. Injuries: Describe your injuries and how the crash impacted your life.
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 actual damages (also called special damages) and multiply that number by a number between 1.5 to 5.
Say who you are. Set out the accident circumstances. Allege negligence or fault or breach of statute. Describe your injuries and financial losses. Request sight of relevant documentation. Nominate medical experts.
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 actual damages (also called special damages) and multiply that number by a number between 1.5 to 5.
The basic formula insurance companies use to calculate auto accident settlements is: special damages x (multiple reflecting general damages) + lost wages = settlement amount.