by ttrometer » Fri Feb 20, 2009 09:02 pm
My parents were in an accident approximately 1 year ago in St. Louis. A little over $4K in rear end collision damage done to their car. My dad's medical bills are $14K and my mothers are $13K. Both had significant soft tissue damage and were treated approximately 1 year. My dad was told he has a permanent disability related to his neck injuries by both his doctor and an independent doctor the insurance company had him go to. Insurance company is in the process of providing a rear end collision settlement. Wondering what is reasonable and if they should get a lawyer. Both are over the age of 70.
Posted: Wed Mar 04, 2009 04:11 am Post Subject: rear-end collision.
I know people have discussed multipiers and they can vary greatly. However, what is being propsed is less than a 1 x multiplier or less than 2 x multiplier will medical bills. Seems pretty low anyway you look at it. Any suggestions on counter offers...
Posted: Wed Mar 04, 2009 06:01 pm Post Subject:
mulitpliers are pure fiction...now i'll admit that 20 years ago, this happened (some)...but are no longer used by any carrier I'm aware of.
Posted: Wed Mar 11, 2009 01:44 pm Post Subject: the policy limit should not be the issue
The issue should be what damage was caused...Just because the limits are high does not mean you should adjust your claim. Conversly, just because someone is a "cheepo as my son would say" does not mean that they should not be held accountable over the limit of thier policy.
Posted: Wed Mar 11, 2009 03:07 pm Post Subject:
get, i couldn't agree more...however....collecting on excess limit judgements are the majority of the time useless.
Posted: Fri Mar 27, 2009 01:20 am Post Subject: What to do
Get a lawyer. I was in a rear end collision five years ago and it doesn't sound nearly as bad as your parent's accident. But I still have neck and occasional pack pain. Insurance companies do not want to pay out and it's bad enough having to deal with the injuries. A good attorney is worth the hassle and time it would take you to save a few bucks. Besides, I thought my attorney got me back more than I could have on my own. Good Luck.
Posted: Fri Mar 27, 2009 05:23 am Post Subject:
I agree Rod, as a layman one may have problems in settling things with the insurance company. At the beginning of a claim you may not even know the actual worth of the claim, but are subjected to deal with the seasoned adjusters of the business. The atty would perform the role of a negotiator on your behalf. If you are not confident enough about the worth of your damages, you may get a lawyer to avoid being lowballed.
Posted: Fri Mar 27, 2009 11:33 am Post Subject:
I thought my attorney got me back more than I could have on my own.
maybe but you don't know that unless you attempted to settle it prior to getting an attorney...and he/she would've had to get a minium of a 1/3 more than you 'could have on your own' just to break even...I'm not saying that atty's don't have their place in BI negotiations they certainly do...but what I am saying is that most of the time, the injured party will actually net more money without one, if they do their homework.Posted: Mon Jun 01, 2009 10:51 am Post Subject:
Lost, I've moved your post, created it's own thread you can view and continue posting here http://www.ampminsure.org/start/about8768.html
Posted: Mon Sep 28, 2009 11:57 am Post Subject:
I am in one right now involving 4 insurance companies and I can't imagine doing it on my own with the "hopes" of getting 90% for myself. Too much paperwork is involved as well as the steps to go through. I would be a mess. I am very thankful for my attorney and I feel confident that I will get what is owed to me and then some! These types of attorneys take these cases up front without payment (including administrative costs, postage, paper, time, conference calling, etc. etc. etc.) So you better bet that they are not going to "Lowball" you!
Sincerely,
Injured for life!
Posted: Fri Jun 25, 2010 05:58 am Post Subject: settlement
so does the insurance co. reimburse your out of pocket only?? like is medicare paying now and then the at fault co will reimburse them....how does that work. Surely they are only paying a copay on this treatment now. /Right??
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