What is the name of your state? Pennsylvania
I see alot of questions about how much to ask for pain and suffering in a claim, and most of the responses I have read say something to the effect of "what is it worth to you?" which still leaves alot of doubt I think about what to ask for. I read on another car related site that a general formula would be to ask for 3X the amount of your medical bills when figuring in pain and suffering. So if you have $3000 in med bills, you would ask for $9000 total ($6000 being pain and suffering). Has anyone heard of this formula before, and if so/or not, does it make sense?
Also, when settling a claim in which one's own insurance has covered the medical bills (such as the no-fault laws in PA), should one still have to consider adding this amount to the claim if your own insurance company decides to try and get it back from you? Is this a relevant concern or would they just go after the other insurance company in such a situation (whatever that situation might be)?
Finally, in PA there is a 2 year statute of limitations to close this bodily injury claim. If one is still undergoing treatment at that time do you still have to close the claim? or can you wait until the treatment ends even if it is past 2 years, if not can you claim for future treatment/pain/suffering that can occur after the 2 year statute time limt?
Thanks for any and all comments. - franklen
I see alot of questions about how much to ask for pain and suffering in a claim, and most of the responses I have read say something to the effect of "what is it worth to you?" which still leaves alot of doubt I think about what to ask for. I read on another car related site that a general formula would be to ask for 3X the amount of your medical bills when figuring in pain and suffering. So if you have $3000 in med bills, you would ask for $9000 total ($6000 being pain and suffering). Has anyone heard of this formula before, and if so/or not, does it make sense?
Also, when settling a claim in which one's own insurance has covered the medical bills (such as the no-fault laws in PA), should one still have to consider adding this amount to the claim if your own insurance company decides to try and get it back from you? Is this a relevant concern or would they just go after the other insurance company in such a situation (whatever that situation might be)?
Finally, in PA there is a 2 year statute of limitations to close this bodily injury claim. If one is still undergoing treatment at that time do you still have to close the claim? or can you wait until the treatment ends even if it is past 2 years, if not can you claim for future treatment/pain/suffering that can occur after the 2 year statute time limt?
Thanks for any and all comments. - franklen