When a person is injured as the result of another person’s negligence, their recourse is to seek damages for pain and suffering through a personal injury claim. However, “pain and suffering’ is subjective and difficult to quantify so, how are personal injury settlements calculated?
Determining a fair compensation requires looking at a number of factors, including the extent of medical bills incurred, the length of the expected recovery period, potential loss wages during that recovery period, and the emotional toll such injuries may take. While many of these factors will vary on a case-by-case basis, there are formulas that can help you gauge whether the settlement being offered is a fair one. To learn more read, “How To Determine The value of Pain and Suffering for Personal Injury Claims.”