Is there a formula the insurance companies use to determine a pain and suffering settlement?

Answer

Yes, pay you as close to zero, as possible. Always ask for 3 times the amount when filing an insurance claim

Answer

Formula to compute pain and suffering is usually: 1) Property Damage + 2)Bodily Injury + 3)Bodily Injury X 2 or up to 5 depending on permanent physical damage + 4)Lost Wages

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