by Guest » Mon Oct 03, 2005 05:30 am
What all things should I take into consideration while accepting a settlement from my insurer? I have undergone medical treatment after I met with an accident. I don't even have a lawyer.
Suggestions will be highly appreciated.
Suggestions will be highly appreciated.
Posted: Mon Oct 03, 2005 06:23 am Post Subject: Auto accident settlement
You should have all the documents like police report, the medical bills etc. If you do not have a police report yet, do it as soon as possible. The more you have the documents the better it will be to get the settlement. Make sure your doctor noted all the medical records of your condition according to the dates. This will help you for the settlement.
Further do not sign off on treatment on the request of the at fault party?s insurance company even if you are cured enough. Because there may be long term effects of the accident and may create problem for you after some years.
Posted: Fri Mar 24, 2006 06:25 am Post Subject:
most of the time long term effect is unlikely unless there are major issue ie fractures, loss of limb, scarring, etc. treat with your doctor, he can tell you if long term residuals are likely. many low impact collisions are soft tissue only. strains and sprains and bruises. you are sore for a few days, take it easy for a couple weeks and all is well. no long term.
provide all documentation of everything you want taken in consideration. medical bills, pay stubs for loss wages, statement of duties under duress if you had to work while still hurt, loss of consortium if you had to hire someone to take over household duties, etc. document, document document. your company most likely has a way of evaulating the value of your claim that is consitant with industry standards of similar accidents like yours, amounts of monetary damages and bills, etc. they arrive at a settlement range and make you an offer, usually you can negotiate a little. stay in communication with your adjuster, he should guide you through the process.
Posted: Sat Oct 06, 2007 03:36 am Post Subject: incorrect medical information
Actually crashes as slow as 2.5 MPH have caused neck problems years down the line. Osteo arthritis and many other things. Read a study on neck injuries and it sounded like the majority of people who suffer these traumas have problems years later. Whether these injuries were caused by auto accidents or sports injuries etc.
Posted: Sat Oct 06, 2007 04:45 pm Post Subject:
Statute of Limitations... but the carrier really needs to let you know in writing a few months or so before this happens.
I'd recommend waiting until your done or close to being done treating. This way you will have a very good idea what the extent of your treatment will be. Your doctor should be able to give you this information.
If you don't have an attorney make sure the adjuster has _all_ of the medical bills. I cannot stress this enough. You probably signed a release so that they could be obtained but if your still treating the adjuster needs those new bills. It's a big pain in the butt for the adjuster (this is why many adjusters like attorneys... they send in a one time, big packet of medical information... all nice and neat).
You will need to sign a release before the insurance company will issue payment. This is normal as they are issuing payment to protect their insured. If they issued payment and you still had the ability to go after their insured, they would not have done what is legally required of them and their own insured could then sue them for bad faith.
Posted: Thu Nov 13, 2008 05:53 am Post Subject: Rhoda Bass
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