Auto Accident Compensation
I was a front seat passenger in a vehicle that was broadsided at a major highway intersetion. I have approx. $8000.00 in medical bills and approx. $570.00 in lost wages from work. The insurance company has already agreed to pay the medical and lost wages in full as well as what they call ''an additional amount for my time''. With adding the medical bills and lost wages together, and trying to calculate a fair pain and suffering compensation payment. I have done a litle bit of research on compensation for this and would it be safe to negotiate with figures between $17,333.18 - 34,500.82? If so, does the medical costs and lost wages come out of this figure or are they separate?
1 Answer from Attorneys
Re: Auto Accident Compensation
"...would it be safe to negotiate with figures between $17,333.18 - 34,500.82? If so, does the medical costs and lost wages come out of this figure or are they separate?"
It's your case. The numbers you give are certainly reasonable. But merely making a demand upon an insurance company does not gain a settlement.
As to the part of your question dealing with whether the meds and wages come out of the settlement numbers you gave, the simple answer is yes. Your settlement will be a lump sum. Any medical bills you owe (or which they've already paid) are part of the settlement and any wages they compensate you for are included in the settlement.