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Is there a formula for calculating pain and suffering?

 

A:

Is there a formula for calculating pain and suffering?

There are those who believe that there is a formula for calculating pain and suffering that is used by insurance companies.  The formula is often reported to be the value of Property Damage plus value of Bodily Injury (amount of medical bills) multiplied by two then add the amount of Lost Wages.  However this is simply not true.  There is no formula.  Insurance companies don't want to pay for pain and suffering at all.  And juries sometimes don't award any amount for pain and suffering.  Only an experienced personal injury attorney that is a master negotiator can help you get a large amount for pain and suffering in your injury claim. 




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