Part of our weekly series of case studies of recent car accident settlements. These case studies should help you determine the market value of your personal injury insurance claim. The finer details have been kept out to protect the identity of the individual, but the overall details are accurate and true.
Case Study
Gender: Male
Age: 30’s
Type of accident: T-boned while driving through a neighborhood intersection
At-fault insurance company: Geico
Type of medical care: Treated at the ER the day of the accident with no follow up care
Length of treatment: 1 day
Settlement amount: His total money offer (medical bills and pain and suffering) was 1.6 times the total medical bills.
Example: $1,250 in medical bills times 1.6 equals a $2,000 total money settlement from Geico.
Things to note: Some states have a minimum threshold of medical care (example: $3,000 in medical bills) that you have to meet in order to be eligible for a settlement. However, most insurance companies will still make you an offer to have you sign a release. Single day of ER visits with no follow up care generally will get you an offer of $500-$1,000 above the medical bills.
