Is there a formula the insurance companies use to determine a pain and suffering settlement.?

In: Auto Accidents and Insurance Claims [Edit categories]

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Answer

Yes, pay you as close to zero, as possible. Always ask for 3 times the amount when filing an insurance claim . Typical initial pain and suffering amount offered will be $1000.00 reguardless of the actual losses unless they are reguarded as severe.

Answer

Formula to compute pain and suffering is usually: 1) Property Damage + 2)Bodily Injury + 3)Bodily Injury X 2 or up to 5 depending on permanent physical damage + 4)Lost Wages

First answer by ID1167641422. Last edit by ID1167641422. Question popularity: 198 [recommend question]

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