If you want to get your claim in the quickest possible time then going for an out of the court settlement happens to be the best option. You can go ahead with it all by yourself or take help of an experienced and qualified Personal Injury Lawyer in Calgary, which is highly recommended. However, irrespective of with whom you proceed, there is a specific way to negotiate with the opponent party, ad his or her insurance company, to ensure that the negotiation is fair. These ways will ensure that you get what you deserve without being harassed too much by the insurance adjuster.
Pain and suffering
Ideally, a personal injury claim involves not only the physical injuries and the expenses of the medical treatments undergone due to it, but also the pain and suffering of the injured victim. This is an important aspect that will change the compensation amount significantly. Moreover, this is also the part of the claim that most of the injured victims miss out on while negotiating with the other party for settlement on their own. Here comes in the role of the experienced Personal Injury Lawyer in Calgary. The lawyer will consider the physical pain as well as the mental anguish, depression, and limits on the ability to perform normal activities in daily life.
Put a dollar value
In order to include pain and suffering to your claim amount you will need to put a dollar value to these relative terms. This is not an easy task and is certainly not a task for a common person like you. It is only a qualified and experienced Personal Injury Lawyer in Calgary who will be able to put a quantifiable monetary value to it. There is a specific calculator used for this, which the insurance companies will also use. The values should be calculated in a precise way so that it lines up with that of the insurance company during settlement negotiation.
Pain and suffering calculation
Much to the contrary of the Personal Injury Lawyer in Calgary, the insurance companies will calculate the value for the pain and suffering without following and objective way. They will simply put a dollar value on pain by calculating the settlement amount. This they will do by multiplying all the known and substantiable monetary losses due to the accident with a specific multiplier. These known and provable physical expenses include your medical expenses and lost wages. However, there is more to it.
Determining the multiplier
The insurance companies will never publicize the multiplier and how they determined it, though they will use greater multipliers for more serious injuries. Moreover, different insurance companies will have different multipliers to use for similar injuries. This is where things become more confusing. One of the most significant problem with this method is that everyone will not experience the same injuries in a similar way. Therefore, there cannot be a ‘magic formula’ to calculate the monetary amount of pain and suffering. The injury lawyers are therefore the best person as they consider the time, the setbacks, the complications, significance and prolonged disability to arrive at a fair amount. To read more Click Here