Or is it based on how long you suffered. 2 months lower back pain and theraphy also had to get a tens unit. The insurance campany already stated that they would cover it all due to the fact that the place where this happened they did not put up a sign of slick floor after they had sprayed lysol on the floor a few minutes before.
2006-06-07 12:12:58 · 3 answers · asked by John696969a 1 in Business & Finance ➔ Insurance
Actually, the above statements aren't accurate. When considering compensetory damages, an insurance company generally pays for "special" damages, which are tangible. Think medical bills, perscriptions, lost wages.
In addition, they pay "general" damages which compensate you for the pain, suffering, and inconvenience caused by the accident. They decide how much to offer by using precedent in both court cases & cases settled out of court. They consider the venue & how much you'd likely be awarded by a jury in your area. There's really no exact formula, and sometimes it can be just an adjuster's opinion of how much he thinks your claim is "worth" based on that adjuster's experience.
I happen to work in a fairly conservative venue, but can think of only a very few instances in which generals (pain & suffering) were not offered as part of a settlement right off the bat.
2006-06-09 17:20:46 · answer #1 · answered by ezlndylan 2 · 2⤊ 0⤋
Insurance companies don't usually offer pain and suffering right off the bat; it sounds like there is an attorney or settlement facilitator involved. Insurance companies usually only cover the actual out-of-pocket damages: medical bills, equipment, therapists bills, missed work.
2006-06-07 12:39:54 · answer #2 · answered by dcgirl 7 · 0⤊ 0⤋
pain and suffering would have to be settled in court.
2006-06-07 14:44:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋