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Auto Insurance Claims/How to demand future loss of Income and medical bills?

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Expert: - 10/17/2009


Question
Can you answer the following question assuming you are an insured? How to list future loss of income and medical bills in the demand letter if there is residual injury, just leave a blank or what else? Thank you for your answer.  

Answer
In the demand letter, you simply describe it and place a dollar figure next to it.  You'll need to attach a letter from your doctor explaining the residual injury, an estimate of future medical bills, and an opinion regarding limitations on work in the future.  You'll also need to attach proof of your income before the accident, which could be tax returns or a statement from your employer.  Sometimes people include a letter from an accountant estimating future values, but this is only if we're talking about a lot of money.  Good luck.

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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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