HAS ANYONE EVER GOTTEN A SETTLEMENT FROM AN INSURANCE COMPANY DUE TO A CAR ACCIDENT?

I was concerned in an collision in May. It was not my fault. we was strike by a seventeen year aged boy. 3 out of 4 of a passengers in my car, together with myself…were taken to a sanatorium in ambulances. One of my passengers compulsory operation upon his leg. we had behind as well as neck injuries. My automobile was totaled. we got a lawyer, as well as a counsel got me a allotment for my car. We have been right away in a theatre of removing a allotment upon a healing stuff, together with pang as well as suffering. we was wondering if any one has left by this, as well as how most we staid for? To be honest we have no thought whats a satisfactory volume to ask for, or how most people customarily get when things similar to this occur. Any submit as well as answers would be appreciated! The lawyers get 33% of anything we recieve.
I DO have illness insurance, though they wouldn’t compensate any of a bills from a automobile accident. They do not compensate for automobile accidents. For my automobile insurance, we had guilt only. The child which strike me is insured by a state of Maryland.

Related posts:

  1. IF YOU ARE SERIOUSLY INJURED IN AN ACCIDENT, WILL THE INSURANCE COMPANY STILL COVER YOU AFTER THE SETTLEMENT?
  2. CAR ACCIDENT INVOLVING TWO PARTIES WITH SAME INSURANCE COMPANY?
  3. WHAT IS A REASONABLE SETTLEMENT FOR A CAR ACCIDENT? ?
  4. APPROXIMATELY HOW LONG DOES IT TAKE TO NEGOTIATE A SETTLEMENT WITH AN INSURANCE COMPANY?
  5. HAS ANYONE EVER GOT A CAR ACCIDENT INSURANCE SETTLEMENT?

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4 Comments

  1. David R
    Posted September 6, 2010 at 5:22 pm | Permalink

    Generally the lawyer will aim for something like 3 times your out of pocket expenses. That way you get enough money for yourself and to cover the medical bills, and also enough to pay the lawyer. Insurance companies have gotten extremely aggressive lately, and they will try to bully you, wear you down and settle for nothing even when their insured is clearly at fault and you are badly injured -welcome to the modern world! It’s all about the bottom line.

  2. faulty_cortex
    Posted September 6, 2010 at 5:54 pm | Permalink

    Trust your lawyer.

  3. Lori B
    Posted September 6, 2010 at 6:02 pm | Permalink

    It depends on the insurance policy limits of the person that hit you and if you have underinsured motorist coverage on your vehicle. Usually the settlement amount is 2-3 times the medical bills, but the medical bills will need to be repaid from the settlement and if you have health insurance they may have a subrogation lien on your claim which means they will have to be repaid at a discounted rate for the bills that they covered for you.

    Edit: Your attorney’s office should be able to get the providers to bill the health insurance company, but there is a limit to the amount of time they have to do that.

  4. Daniel C
    Posted September 6, 2010 at 6:31 pm | Permalink

    First, tell the lawyer to build his fee into the settlement. As for how much to demand, hard to say. The lawyer has experience in this area and can give you a good idea of the range.

    Say you decide to ask for $100,000. The lawyer modfiies that to 133,333. He takes his 33,333 fee and you get 100 grand. This is to keep him honest.