How Do Insurance Companies Determine Personal Injury Settlement Payouts?

Insurance companies consider many variables when determining settlement awards. At a minimum, fair personal injury settlements should cover medical bills and lost wages, and should provide additional compensation for pain and suffering. Extra compensation might be offered based on the extent of the injuries, especially if they prevent the victim from ever returning to work. Unfortunately, insurance companies often try to settle for much less than a fair personal injury settlement would require or, in some cases, to deny the claim altogether. To avoid the risk and hassle of dealing with unfair insurance companies, reach out to an experienced law firm specializing in personal injury law as soon as you are hurt.