I am not sure about the amount for the car, since we do not know what kind of vehicle was damaged. However, $1200 for your injury compensation is more than fair. Your injury was obviously very minor since you did not require any physical therapy or another form of treatment.
In my opinion only, take the money. If you get an attorney, the case value does not increase. Instead of $1200, you will get $800 after the attorney takes his typical third.
The amount of compensation you should be paid isn’t found in a crystal ball. Rather, a number of simple factors such as the type of accident, related injuries, out-of-pocket expenses, medical costs and lost wages all go into determining how much a claim is worth. What amount an insurance company is willing to pay actually falls into a fairly narrow spectrum.
Adjusters will frequently offer two-thirds or one-half of the demand received from the plaintiff’s attorney.
A local claims manager has about $50-100,000 discretionary settlement authority. He will usually extend $20-30,000 discretionary settlement authority to his claims supervisors, and $10-15,000 to the office claims staff………………..
February 9th, 2010 at 8:42 am
take the money and run and get on with your life.
February 9th, 2010 at 11:27 am
I am not sure about the amount for the car, since we do not know what kind of vehicle was damaged. However, $1200 for your injury compensation is more than fair. Your injury was obviously very minor since you did not require any physical therapy or another form of treatment.
In my opinion only, take the money. If you get an attorney, the case value does not increase. Instead of $1200, you will get $800 after the attorney takes his typical third.
February 9th, 2010 at 4:59 pm
The amount of compensation you should be paid isn’t found in a crystal ball. Rather, a number of simple factors such as the type of accident, related injuries, out-of-pocket expenses, medical costs and lost wages all go into determining how much a claim is worth. What amount an insurance company is willing to pay actually falls into a fairly narrow spectrum.
Adjusters will frequently offer two-thirds or one-half of the demand received from the plaintiff’s attorney.
A local claims manager has about $50-100,000 discretionary settlement authority. He will usually extend $20-30,000 discretionary settlement authority to his claims supervisors, and $10-15,000 to the office claims staff………………..