subject: Getting the Right Amount of your Injury Claim [print this page] Getting the Right Amount of your Injury Claim
To determine what your injury claim may be worth, you should first know the various kinds of damages for which you could be entitled for compensation. Usually, a person who is liable for an accident, and for that reason his or her liability insurance company must pay an injured person for medical care and related charges. You could also claim for income loss because of the accident or because of the time spent when you are not able to work or undergoing treatment for injuries.
You may also add permanent physical disability or disfigurement to your personal injury claim. Loss of family, social and educational experiences, including missed school or training, vacation or recreation or a special event can also add to your injury claim. Emotional damages like the inability to take care of a child, anxiety over the effects of the accident on an unborn child, or interference with sexual relation may also be added to your injury claim because of the accident, along with the amount of damaged property.
When determining the injury claim it's usually simple to add up the money spent and the amount lost caused by accident, but there is no precise approach to put a suitable amount on the pain and suffering or on missed experiences and lost opportunities. That is where an insurance companies damage formula comes in.
At the beginning of an injury claim negotiation, an insurance adjuster adds up the whole medical expenses related to the injury. These expenses are known as medical special damages or simply special damages. That is the base figure that the adjuster uses to figure out how much to pay the injured person for the pain, suffering as well as other monetary losses, which is called and commonly known as general damages.If the injuries are relatively minor, the adjuster multiplies the quantity of special damages to a certain figure, usually 1.5 or 2. When the injuries are specifically painful, serious or long lasting, the adjuster multiplies the amount of special damages by up to 5. The multiplier can be set as great as 10 in extreme cases of accidents.
The extent each person is at fault is the most important factor influencing how much the insurance company is likely to pay for injury claim following an accident. The damages formula gives you a range of how much injuries may be worth but after the figure in the question of fault do, you know the actual injury claim value you can receive, that is how much an insurance company can pay an individual.
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