Auto Insurance Claims/Settlement

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Expert: - 12/24/2008


Question
I was rear ended a few months back, now the other party's insurance wants to settle. They only offered 500.00. I had a pretty size goose egg on my forehead from the steering wheel. I missed two days of work and had no one to stay with me for the 24 hrs needed to watch for complications. I would rather settle this myself what should a fair settlement be around? Thanks I hope this isn't an inappropriate question.

Answer
Pam, I will need additional information to answer your question.  Please send me a follow-up with:

-list each of your medical bills - provider, date, and amount, even if someone else paid the medical bills.

-list the gross amount of wages you would have earned on the two days you missed work, even if you were paid by your employer or reimbursed elsewhere.

-describe your injury and how long the pain lasted.  Any lingering problems?

-describe the damage to the vehicles

Auto Insurance Claims

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Claims Guy

Expertise

I am currently an Auto Claims Manager for a large insurance company. I have 18 years experience in the industry, having worked as a Claims Adjuster, Injury Settlement Negotiator, Claims Manager, SIU/Fraud Investigator, and Compliance Officer......I can answer questions related to any aspect of Automobile insurance claims and coverages. I can provide an inside look at how insurers operate. I always treat my customers fairly and want to help make sure you are treated fairly. However, please keep in mind that being treated fairly according to the law does not guarantee that you will get what you want. I can also answer some questions regarding Homeowner's and other types of insurance claims. I have handled all types of auto insurance claims and coverages. I am NOT an automotive repair expert but can give advice re how insurers handle complex repair issues. Please keep in mind that every state has its own set of laws pertaining to rules of the road, liability, and insurance. No one is an expert on every state. I am most familiar with laws in Maryland, DC, West Virginia, and Virginia, but will attempt to answer questions for other states. I am not an attorney an cannot provide legal advice. My advice will be my opinion based on my experience.

Experience

I am currently an Auto Claims Manager for a large insurance company. I have 18 years experience in the industry, having worked as a Claims Adjuster, Injury Settlement Negotiator, Claims Manager, SIU/Fraud Investigator, and Compliance Officer. I am not an attorney an cannot provide legal advice. My advice will be my opinion based on my experience.

Organizations
CPCU Society. Adjusters license in multiple states. International Association of Specal Investigators

Education/Credentials
I have a B.S. in Finance and have completed the AIC and CPCU designations.

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