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What is the formula the insurance companies use when figuring out a personal injury settlement?
Wiki User
∙ 11y ago
There is no universal formula and each company keeps their method confidential. Generally speaking, settlement offers are based on lost income, (including future lost income), expected future medical expenses, if disabled - the cost of care for the disability, medical expenses incurred and "pain & suffering". Insurance companies will make a higher settlement with you if you ate represented by a good attorney, a lower settlement offer if you got an attorney who advertises on TV, etc and a much lower offer if you don't have an attorney.
Wiki User
∙ 11y ago
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Why do insurance companies ask personal questions?
Insurance companies ask "personal" questions simply because they need to know if your eligible for the insurance or not.
Which companies offer personal insurance plans?
Some companies that offer personal insurance plans include Prudential, MetLIfe, and AXA-Equitable. The more popular insurance companies, such as GEICO and Nationwide, do as well.
What is personal insurance?
Personal Possessions Insurance is a type of insurance to protect your belongings when you are away from home. Many different insurance companies offer this insurance.
What is Personal Possessions Insurance?
Personal Possessions Insurance is a type of insurance to protect your belongings when you are away from home. Many different insurance companies offer this insurance.
What exactly is a sell structured insurance settlement?
Keyword: sell structured insurance settlementJ&RQuestion: What exactly is a sell structured insurance settlement? What a sell structured insurance settlement means is that instead of getting a lump sum payment, you will receive as a claimant in the case of personal injury, a financial agreement or settlement.
What companies offer the best personal insurance coverage?
The companies that offer the best personal insurance coverage include Farmers, State Farm, Triple AAA, as well as Geico's automobile car insurance coverage.
Where can one get a personal health insurance plan?
You can find several places that offer personal health insurance plans from popular insurance companies. These companies include Blue Cross Blue Shield, United Health Care, and Cigna.
Which companies sell personal health insurance plans?
It appears that many more companies are getting involved in selling personal health insurance plans. Companies like SunLife and Blue Cross have been around the longest though.
Which company has the best personal car insurance rates?
There are many decent personal car insurance companies with good rates. One would be able to find these rates at companies such as GEICO or Liberty Mutual.
What does Erie insurance have to offer that other companies dont?
Erie Insurance offers home, life, health, business and auto insurance. Many other companies also offer multiple lines of insurance. Erie promises their customers personal attention, but so do most insurance companies.
Who can sell structured insurance settlements?
Anyone can sell structured insurance settlements but it needs to be overseen by an insurance broker or lawyer. It's usually overseen by your personal insurance broker or the one who handled the settlement.
Where can I get personal injury protection car insurance from in Virginia?
In Virginia, extended personal injury protection car insurance can be purchased from many companies. Most of the common and popularly used companies include: Geico, Allstate, Farmer's, and Progressive.
