Question QUESTION: I live in NM and am covered by AIG. I was in a semi truck accident 8/4/2007 and broke my right arm with radial nerve damage. I am still going to therapy and probably nearing the time something else with be decided. I am not progressing as well with my therapy on my shoulder as we would like. I am 63.
I am wondering if the insurance will offer me a settlement or when they feel I am at a certain % I will no longer receive benefits. Help if you can.
ANSWER: The doctors will decided when you are fit to return to work or when your at maximum medical. Then you should be given a rating if there is permanent damage and that will be your settlement. Most states continue the medical as long as its needed after if its used every three years. Hope this helps.
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QUESTION: Thanks so much. I am getting 2000.00 a month and as I said I have gotten it for 10 months, they also have paid all my medical bills..I think they stated they so far have paid out 68000 dollars medical and 20000 in indemity. If I were rated say at 7.5% how would that work and what MIGHT be my settlement If it came to that.
Answer at 7.5 percent it would be normally 66% of your earning for a period of normally 6 years. So you would get 7.5 percent of the 66% of normal salary for a period of 6 years. Or lump sum minus 10% normally. so at 2000 you would get 7.5 percent of that for the term. Not alot for the injury I know and it will not get you any relief I'm sure.
