How to calculate a settlement offer?

Calculating a Settlement Offer

To determine a settlement offer, the typical approach involves taking the amount of medical special damages and multiplying it by a factor ranging from 1.5 to 5. Then, you would add any lost income to this figure. It's important to remember that when negotiating, an insurance company often starts with this calculated number, but they will not disclose the specific formula used to assess the value of your claim.