STIS: I have an offer from GEICO to settle the liability claim of my accident. I would like opinions, if any of you are willing.
Posted by
CovingtonCat
Jun 17 '11, 17:18
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Quick background to bring you up to speed...
I was hit by a car as I was crossing a street, in the crosswalk with the light in my favor. The driver admitted to the police officer she was at fault for not having cleared the ice off her windshield. Initially, I thought I was dealing with a bad bruise. I was out of work for 3 days.
Found out I have a fracture in my knee. Nothing so serious as to require immediatge surgery and the orthopedist said he wouldn't have done anything had I seen him immediately after the accident other than give me crutches. He says I might need a knee replacement some time in the future. But it's not certain.
Nearly all the medical bills have been paid by GEICO. The final 2 should get to them next week.
The offer is for about half what a knee replacement would cost if I don't have insurance when I need the new knee. That's if the cost is at the low end of what I've googled. I am not anticipating being unemployed so I expect to have health insurance until I retire (unless the Republicans succeed in gutting the govt workforce).
My question to you is, is it "normal" for this type of offer to be less than "cost" because of the uncertainty that I'll need the knee replacement? GEICO is calling this a "pain & suffering" settlement but the document (single page) is pretty clear that they would not be responsible for any further medical payments if I sign.
I'm thinking this is a good deal. What say you?
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