Overview of The Damages Formula Used By Wellington Accident Lawyer

The damages formula used by the Wellington Accident Lawyer is a significant tool that ensures that you receive the highest and fairest claim for your injuries that are inflicted by the negligent defendant or defendants. This formula comprises of varying degrees of multipliers ranging from 1.5 to 5 and occasionally higher for most serious injuries. The medical specials amount is multiplied with this to arrive at a figure that includes both your physical as well as emotional stress and trauma due to the injuries. To this amount the amount lost in income and earning capacity is finally added to arrive at the total amount from which settlement negotiations will begin.

Keeping The Formula Secret

It is a usual practice of the insurance companies and the Wellington Accident Lawyer to keep this mathematical formula as a secret while ideally there in nothing secretive about it. But still they do not reveal the formula and no one will tell you how they arrived at such a figure during the settlement negotiations. Basically it is a formula that determines the worth of your claims that helps them to follow the fundamental rules for settlement negotiations to resolve a personal injury claim case. The effect of such secretive approach is that both the parties negotiate for the total settlement amount for the injuries sustained.

The Points of The Formula

There are actually two important points that must be considered by the Wellington Accident Lawyer and the insurance companies while using the damages formula. One of the two points to remember is that this figure arrived after using the damages formula to multiple the medical specials is just the foundation stone of the negotiation process. To reach to the final settlement amount other factors are considered after this starting point. These factors involve the type of accident and the type of your injuries. The final settlement amount will surely vary according to these deciding factors and there severity.

The Second Point

The second important point of the damages formula that the Wellington Accident Lawyer considers is the range of the multiplier that is between 1.5 and 5. In some more serious cases, it can be even more and this variance in the multiplier produces different figures considerably. It once gain depends on other factor like your injury type and its impact on your social personal as well as professional life. Therefore, there are several things to consider for determining which end of this damages formula is to be applied to multiply the special damages in your injury claim case.

Times When Higher Multiplier Is Used

There are specific instances, when the higher multiplier will be used by the injury attorney to arrive at a fair settlement amount. These instances include painful type of injuries, long lasting and more invasive medical treatment, clear medical evidence and more obvious injuries, longer recovery period and more serious and visible permanent effects of the injury. Now you can see why calculating the fair amount of claim is considered so difficult. For more information visit here: Drucker Law Offices