What Is Pain And Suffering Worth?

How much money should you get for pain and suffering?

They usually offer ½ to 1 times your economic damages (medical bills and loss of income) to compensate for your pain and suffering. For example, if your medical bills and loss of income equal $10,000, the insurance company will try to offer up to $5,000-$10,000 for your pain and suffering.

What is a pain and suffering settlement?

The phrase “pain and suffering” refers to a legal term that describes both the physical and emotional injuries suffered by a victim following an accident. Any substantial physical pain or mental anguish you suffer following an accident may qualify as pain and suffering for settlement purposes.

How much is a soft tissue injury worth?

Soft Tissue Injury Case Settlement Averages

Despite this, with competent representation, average insurance settlements for soft tissue injury cases have ranged on average between $10,000-$20,000 for soft tissue injuries like ankle injuries and neck and back related soft tissue sprains and strains.

Related Question What is pain and suffering worth?

How long does it take to get a settlement check from State Farm?

Wait for Your Settlement Check

If you win your case and State Farm issues a settlement or judgment award check, expect to receive the money within two weeks. Your lawyer will handle paying off your debts to medical providers, attorneys, and more, then give you what is left of the recovery.

How fast does State Farm settle claims?

How Long Does It Take State Farm to Settle a Claim? State Farm moves pretty quickly to get a settlement offer after the claims adjuster receives a settlement demand package. The average turnaround time is less than 30 days for a mid-sized case and less than 45 days for a medically complicated case.

What happens if you reject a settlement offer?

An Attorney Should Review the Settlement Offer

If you decline the offer, then the potential settlement offer no longer exists. You cannot accept the offer later if you refused it or if the other party withdraws the offer. While there is often a follow-up offer, you cannot count on receiving one.

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