I'm not a pip expert (anymore) but belive you must reach the state's threshold before a bodily injury settlement can be possible, states near me used to be 4500.00 but not sure what they are now.....ask your adjuster...
The "payout" is commensurate to the amount of pain and suffering you actually experienced. Stress is not recoverable.
Your own underinsured / uninsured (UM) policy is designed to pay to you, the policy holder, if an uninsured or underinsured person is at fault and causes injury to you but that's only if the other driver was at fault and you were injured. If you injured yourself in the accident (you were at fault), then your insurance will NOT pay pain and suffering awards. If they did, there would be many, many, many people who would stage accidents to 'injure' themselves and then claim pain and suffering awards.
No. Areas of a settlement such as medical bills, lost wages, and pain and suffering are not taxed.
It may depend on your particular state but, e.g., in Wisconsin money for pain and suffering is not taxable income.
Insurance company is required to pay for actual damages. This means putting you back to where you were before the accident, not hitting the lottery to get something for nothing. There is no pain and suffering amounts.
Worker Comp does not pay for pain and suffering. They only pay for actual medical expenses incurred due to the workplace incurred injury.
A settlement is usually split into two parts, recovery of damages sustained, and pain/suffering (putative). For recovery of costs, the settlement is not taxed. For pain/suffering it is taxed.
You can sue your insurance company for a higher amount but there is no guarantee that you will win. You will need to have proof and be convincing that you deserve more money for the pain and suffering.
As little as possible while taking as long as possible. Hire a lawyer.
i don't know but peeps say that the COAD is PIP or NUT3589988TUN
Not in most states. The other person who was at fault's insurance will pay for your injuries as well as damage to your vehicle and property.
the 'at fault' party's insurance would be liable for the pain and suffering, the policy of the vehicle you are in if they have med pay (or manditory p.i.p in some states) will cover med bills as well....