ChE_UND_09
New Member
- Jurisdiction
- Massachusetts
Hi,
I've joined this forum to ask a specific question about settlement expectations. Q4 of 2022 I was struck by another driver on the highway that resulted in my vehicle to strike the guard rail and subsequently roll and land in its side.
As a result of the accident I suffered multiple herrinated disc's in the neck and lower back. On the lower back MRI also showed two minor tears in the outter disc material. Neck herniations resulted in moderate to severe ridiculopathy in the arm and hand that I dealt with for almost 8 weeks before the orthopedic referred me to a pain specialist. The pain specialist ended up giving me one cortisone shot in the neck that improved the ridiculopathy by about 60-70%, remaining ridiculopathy symptoms mostly resolved over the course of a few months. Lower back pain has been chronic and has not changed much.
The other drivers insurance has admitted full 100% liability and has policy limits of $500k-
$600k.
My total medical expenses will likely be around $33k-$35k.
The other driver has an estimated net worth of $50,000,000.
Am I justified to expect at least $300k-$350k for a mediated settlement? Or should hold ground and push for policy limits and file civil suit to put downward pressure on the insurance company? It is expected that the other party has legal counsel on retainer even before the accident.
Thanks!
I've joined this forum to ask a specific question about settlement expectations. Q4 of 2022 I was struck by another driver on the highway that resulted in my vehicle to strike the guard rail and subsequently roll and land in its side.
As a result of the accident I suffered multiple herrinated disc's in the neck and lower back. On the lower back MRI also showed two minor tears in the outter disc material. Neck herniations resulted in moderate to severe ridiculopathy in the arm and hand that I dealt with for almost 8 weeks before the orthopedic referred me to a pain specialist. The pain specialist ended up giving me one cortisone shot in the neck that improved the ridiculopathy by about 60-70%, remaining ridiculopathy symptoms mostly resolved over the course of a few months. Lower back pain has been chronic and has not changed much.
The other drivers insurance has admitted full 100% liability and has policy limits of $500k-
$600k.
My total medical expenses will likely be around $33k-$35k.
The other driver has an estimated net worth of $50,000,000.
Am I justified to expect at least $300k-$350k for a mediated settlement? Or should hold ground and push for policy limits and file civil suit to put downward pressure on the insurance company? It is expected that the other party has legal counsel on retainer even before the accident.
Thanks!