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Home > Money & Services > Insurance   »   Car Accident

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Old Mar 19, 2008, 11:20 AM
Bolt21
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Car Accident
Hi everyone,

My husband and I were involved in a car accident and the insurance company is ready to offer a settlement. Our medical bills totalled $3k, car repair $5k, and rental car $500. They've already taken care of the rental car and car repair. Approximately what is a fair settlement for us?

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Old Mar 19, 2008, 12:04 PM   #2  
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Odds are they're just going to pay whatever is the total of the bills. Insurance companies don't like having to pay out.
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Old Mar 19, 2008, 12:18 PM   #3  
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(Question moved from Introductions to more appropriate topic area.)
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Old Mar 22, 2008, 04:58 PM   #4  
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If your injuries are going to require additional treatment, then perhaps you should speak with an attorney.
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Old Mar 22, 2008, 05:02 PM   #5  
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Was there lost work, have you figured milage for medical care.
Is there any additional medical needs. Have you figured the lower value of the car resale value.
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Old Mar 27, 2008, 01:54 PM   #6  
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Quote:
Originally Posted by Bolt21
Hi everyone,

My husband and I were involved in a car accident and the insurance company is ready to offer a settlement. Our medical bills totalled $3k, car repair $5k, and rental car $500. They've already taken care of the rental car and car repair. Approximately what is a fair settlement for us?


There is no formula - you should be made whole for all the expenses and losses resulting from the accident as well as pain and suffering (if you had pain and suffering).
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