Settlements are not based on TTD rates, that's ridiculous.
Actually, the original poster is almost entirely correct in every part of what was posted, at least in substance, if not in actual terminology.
Many states have completely different rates for PPD and TTD - although the rates in your state are similar, you can't make that statement.
That's just plain wrong terminology, that's what set my alarm off.
You are correct, I misspoke in that you are entitled to a settlement.
But I am correct that you are not entitled to a cash out settlement, which was what I was referring to when the poster said "the insurance company has to pay you a settlement" (I took it he meant cash out)
If there is a cash out settlement offered, it would be for a lesser amount than the full value of the case.
Thanks for the information, I didn't know they had to make an offer in 30 days, also I've never understood those multiplier rules.
No, I'm not familiar with every states rules but I do try to respond when threads are left unanswered or when there are obvious misstatements of fact.
That's why I include sources with my responses, it allows people to view the facts for themselves and draw their own conclusions.
Also, are you a lawyer?
If not, you must supply sources to support all statements of fact, I don't have the time to fact check all posts.
Moderator Responses are based on my personal bias, experience and research - They do not represent the views of the admin nor may be accepted in the legal community, always consult an attorney.