Should I take this money or wait things out?
A few days ago, I was rear-ended by an SUV insured with State Farm, while I have auto insurance through Progressive. State Farm accepted full liability for my car repairs shortly after I filed the claim, so I decided to go through them for the repair process. This route was necessary for me to secure a rental vehicle while my car is in the shop.
However, today I’ve begun to notice concussion symptoms. My clinic advised me to go to the ER for evaluation. They performed a CT scan and confirmed that I do have a concussion and will need two days off work. During registration, I was informed that Minnesota is a no-fault state, so my treatment costs would be billed to Progressive. I reported this to Progressive, and they have opened a personal injury claim for me. My coverage allows for up to $20,000 in medical expenses and also covers lost wages—I’m already receiving a check for the two days off work. Progressive has also offered me a $1,000 “advance,” giving me a few days to decide how to proceed. Is this advance different from a pain and suffering settlement?
I then reached out to State Farm to file a bodily injury claim. They explained that the first $4,000 in medical expenses would be covered by Progressive, and after that, they would cover up to $15,000 in medical bills. Additionally, they offered me a $1,500 check for “pain and suffering,” which is separate from medical expenses. When I asked how long I have to decide whether to accept the payment, they said five business days but indicated that this could be flexible.
I’m concerned about potential future issues if I accept State Farm’s pain and suffering check, especially if I later face significant medical expenses. Is the advance from Progressive different from the check offered by State Farm?
EDIT: I just remembered that State Farm initially offered me $1,000—not $1,500—when I first reported a headache and opened a bodily injury claim. They closed that claim a few days later since I hadn’t received any medical treatment at that point.
It sounds like you’re navigating a complex situation with your accident and the associated medical claims. Here’s a breakdown to help you:
The $1,500 pain and suffering check from State Farm is specifically allocated for compensation related to your physical and emotional distress from the incident, separate from your medical expenses.
Medical Expenses:
Since Minnesota is a no-fault state, your medical expenses will first be covered by your personal injury protection (PIP) from Progressive, up to your coverage limits. After that, State Farm would cover additional medical expenses, which is in line with what they mentioned regarding the first $4,000 being covered by Progressive.
Consider Future Costs:
It’s often recommended to wait until you have a clearer understanding of your medical situation before settling any pain and suffering claims. Concussions and their effects can sometimes take time to manifest fully.
Deadline for Response:
Since State Farm has given you about 5 business days to respond, and they mentioned some flexibility, it might be worth taking the time to evaluate your medical needs and discuss with your doctor about any further treatment that could be necessary.
Consult a Professional:
Ultimately, be cautious about accepting any immediate offers without fully understanding your medical needs and how they may unfold in the future. It’s okay to take your time to ensure you’re making the best decision for your health and finances.