How much is a reasonable amount to settle for in an accident that I was injured in?
Question Details: I was involved in an accident for which I have 0 liability. I have neck and back injuries as a result. I would prefer not to sue or have to go to court but I am not sure what a fair amount would be.
It would be premature to settle the case until you complete your medical treatment and are released by the doctor or are declared by the doctor to be permanent and stationary, which means having reached a point in your treatment where no further improvement is anticipated. Then, you will need to obtain your total medical bills, all medical reports and total wage loss.
Compensation for the medical bills is straight reimbursement. The medical reports document your injury and treatment and are used to determine compensation for pain and suffering , which is an amount in addition to the medical bills. Compensation for wage loss is straight reimbursement.
If you fully recover, I would ask for quadruple the medical bills for pain and suffering, but NOT expecting to get that. The insurance company will respond with a much lower offer, and you can continue negotiating for an increase in the settlement offer. Ask for more than quadruple the medical bills if you have residual complaints, but not expecting to get that. It is just for negotiating, and the insurance company will respond with a much lower offer.
If you are dissatisfied with settlement offers, reject them and file a lawsuit for negligence against the at-fault party. If the case is not settled, the lawsuit must be filed prior to the expiration of the applicable statute of limitations or you will lose your rights forever in the matter.