In Kentucky. In July I was hit by another motorist and I am getting ready to settle with the insurance company for the personal injury. My heel was broken but remained in position requiring no surgery, my metacarpel was broken and I suffered numbness in a facial nerve. The numbness lasted 6 seeks, the hand is 99% healed but the foot is still healing. In a wheelchair for 2 weeks, no weight bearing for 1½ months then a crutch and a cane for 6 weeks and now a limp and pain but doctor (ortho surgeon) thinks I will make a full recovery given time although I might suffer from arthritus. Full recovery could take a year.
A good friend of mine is a lawyer and offered me some advice as to settling in an effort not to have to hire him and save me his 30% take.
His advice was that PI's are typically the amount of your medical bills X 5 plus lost wages. He told me to get all of my medical bills together and work up that figure and present it to the insurance company as my offer for settlement. If they settle great, if not I could then hire him to go after the same figure but he'll take 30% of the settlement.
My question is, for those with experience, is 5 times bills typical for the type of injuries I sustained?
A good friend of mine is a lawyer and offered me some advice as to settling in an effort not to have to hire him and save me his 30% take.
His advice was that PI's are typically the amount of your medical bills X 5 plus lost wages. He told me to get all of my medical bills together and work up that figure and present it to the insurance company as my offer for settlement. If they settle great, if not I could then hire him to go after the same figure but he'll take 30% of the settlement.
My question is, for those with experience, is 5 times bills typical for the type of injuries I sustained?