for pain and suffering on insurance claims for a car wreck, it it 3 to 5 times the amount billed, or what is paid by med insurance
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UPDATED: Jan 12, 2012
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Insurance Question from San Antonio, TX
Asked on 01/12/2012
for pain and suffering on insurance claims for a car wreck, it it 3 to 5 times the amount billed, or what is paid by med insurance difference of $6,000 and was wondering if I accept what is offered or counter it/
Answer given on January 13, 2012
Alot goes into the valuation of a claim—the amount of medical bills, lost wages, the severity of the accident as well as the degree of negligence that caused the accident. Normally 3 times the medical bills are consider for settlements. But every injury case is different. Before you settle, read our article on How to Value Accident Settlements. Then, if you still do not feel comfortable determining the value of your claim with the insurance adjusters, consider consulting with an expert injury attorney that can help you. Consultations are free. To find an attorney in your area, click here.
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