Dealing With Your Insurance Company FAQ
Communicating with insurance companies about your personal injury claim.
How does the insurance claims process work?
What guidelines should I follow when another person's insurance company calls me to talk about my injuries?
How do I make a formal claim for compensation for my injuries?
» How do insurance companies decide how much they'll pay to compensate someone for an injury?
Will my health insurance coverage or paid sick leave from work limit my compensation for an accident?
How do insurance companies decide how much they'll pay to compensate someone for an injury?
While the final payment figure depends on negotiations with the injured person, insurance companies and lawyers do use a formula to calculate a range of compensation for an injury. In general, if you've been injured you can expect to be reimbursed for:
- medical care
- lost income
- temporary and permanent pain and other physical discomfort and disability, and
- loss of family, social, and educational experiences.
In calculating the range of compensation, a claims adjuster begins with a standard damages formula. For details, read How Much Is Your Personal Injury Claim Worth?
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