How Can You Tell How Much the Insurance Company Should Pay on Your Insurance Claim?

The numbers on medical bills are incomprehensible, and not only because the doctors’ office, labs, and hospitals ask you to pay so much of your own money for treatment. If you have health insurance, the bill shows how much the provider would have charged you, at least in theory, if you did not have insurance. Then there is a column for numbers that happened once the provider submitted the claim to the health insurance company. The amounts that insurance companies write off are downright arbitrary. 

Of course, the fact that an insurance company made part of your medical bill disappear into thin air is better than the alternative, in which it might refuse to pay anything toward your bill, leaving you with the entire cost burden even after you pay the insurance premiums. When you are filing a car accident claim with a car insurance company, it is best to look at the amount that the healthcare provider says that you owe when calculating your accident-related financial losses, but the confusion does not end there. For help pursuing a car accident claim that will get you enough money to cover your accident-related financial losses, contact a Houma car accident lawyer.

What Do Insurance Companies Include in Car Accident Claim Settlement Amounts?

Insurance companies will reimburse your accident-related financial losses, but what counts as an accident-related financial loss? If the accident resulted in property damage only, then accident-related financial losses include vehicle repairs, as well as transportation expenses that you incurred while your car was being repaired. The medical bills of people injured in the accident also count.

Even injuries that are not severe enough to require hospitalization can result in thousands of dollars in medical bills. Between the emergency room visit after the accident and any follow-up care, you are responsible for paying for doctors’ visits, diagnostic imaging, lab tests, and prescription drugs. Several months of weekly physical therapy visits can add up to a lot of money.

Insurance companies want to pay as little as they can on your claim, so they can keep as much money as possible from policyholders’ premiums for themselves. Therefore, they will often dispute whether some of the medical expenses you are including in your claim are truly accident-related. They might try to attribute your symptoms and need for treatment to pre-existing conditions.

What if the Problem is Too Big for an Insurance Claim?

Every insurance policy has a policy limit, which is the maximum it can pay out on a claim. Most individual drivers carry policy limits in the tens of thousands of dollars, but if your injuries are severe, your accident-related medical bills can exceed the policy limit. A personal injury lawyer can advise you on whether to accept an insurance settlement or file a lawsuit.

Contact the Law Office of Patrick H. Yancey About Personal Injury Cases

A personal injury lawyer can help you if you were injured in a preventable accident that resulted in thousands of dollars of medical bills.  Contact the Law Office of Patrick H. Yancey in Houma, Louisiana, to set up a consultation about your case.

Fuentes

https://www.farmers.com/learn/insurance-questions/how-to-file-a-car-insurance-claim/