If you have questions about what influences the pain and suffering damages you may be entitled to in New Jersey, contact Chamlin, Uliano & Walsh for a free consultation at (732) 440-3950.
There is no set means of determining a monetary amount for pain and suffering in New Jersey law. As such, insurance companies and personal injury attorneys use different methods to determine the burden placed on a victim of an accident in such non-economic ways and convert that into a financial payout. The most common methods for assigning a value to pain and suffering are the multiplier method and the per diem method.
According to the frequently used multiplier method, a victim’s insurance company or attorney gathers the complete cost of the injury, including medical expenses, lost wages, and out-of-pocket costs (all of which, together, are called ‘special damages’ because they result specifically from the injury) and multiples them by between 1.5 and 5, depending on the severity of the accident and injury and its likelihood to impact the victim into the long-term future.
In the per diem method, one assigns a monetary value to the victim’s daily suffering, which usually is around a daily wage, and multiplies that by the number of days the victim is expected to physically suffer from their injury.
In order to calculate how long a person might suffer or how severe their injury is and thus, their long-term likelihood of suffering, an insurance company or personal injury attorney considers factors such as the full calculable financial damages that you incurred as a result of the injury, as noted above; whether your injury is permanent or will adversely affect you for the future; whether there was scarring or other long-term disfigurement; and whether the accident itself was tragic and likely to cause Post Traumatic Stress Disorder (PTSD).
As non-economic damages, pain and suffering damages are difficult to qualify. Accident victims know, however, that there are many more consequences of an accident than simply the medical expenses, damaged or destroyed property and lost wages. Ongoing physical pain, severe fatigue, mental anguish, insomnia, loss of enjoyment of life, and post-traumatic stress are all non-economic factors that are considered in awarding pain and suffering damages.
In order to maximize your chances of recovering full damages for your pain and suffering following an accident, it is important to document everything. Just as you want to keep close track of all money you’ve spent in out-of-pocket costs associated with your injury and clearly file your medical and property expenses, you’ll also want to keep a close note of your mental and emotional state as you undergo your recovery. Keeping a daily journal of your physical pain rates, stress levels, and sleep will help a qualified personal injury attorney get you the fairest settlement for your injury.
With organized and detailed records and a personal injury lawyer’s sound counsel, as well as their capacity to communicate on your behalf with insurance agents who have other agendas, a personal injury attorney is an invaluable asset to make sure that you are financially covered for the full extent of your recovery, so you can focus on healing.
If you or someone you love has been injured in an accident that was someone else’s fault, the personal injury lawyers at Chamlin, Uliano & Walsh are here to help you with determining and seeking the fullest extent of financial compensation for the life-altering ramifications of your injuries. Our legal team successfully represents clients across Red Bank, Howell, Colts Neck, Neptune, Freehold, Rumson, Little Silver, and elsewhere in Monmouth County, Ocean County, and surrounding areas to obtain the amplest settlements for economic and non-economic losses.
Contact us at 732-440-3950, toll-free at 888-328-9131 for a free consultation to discuss damages and the proper way to proceed with your injury claim.
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