Whilst your attorney will be able to explain in more detail the process in which your settlement will be reached, the ‘common’ approach by accident attorneys is to calculate the number of days it’s taken you to recover or continue to receive multiplied by the daily allowance or maximum amount an insurance company will award every. For example, if your insurer awards up to $100 a day and it’s taken you 56 days to recover, the final sum calculated will be 100 x 56 which is $56,00.
This is a very basic example of how settlement is calculated and doctors may not have signed you off yet, in which case they would then factor in future calculations for your ongoing pain and suffering.
