This letter is designed to notify defendant of attorney's representation of plaintiff in claim for damages against defendant and attempts to resolve plaintiff's claims against defendant prior to filing suit.
Colorado Letter regarding Collecting Damages in Automobile Accident
State:
Multi-State
Control #:
US-PI-0015
Format:
Word;
Rich Text
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How to fill out Letter Regarding Collecting Damages In Automobile Accident?
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FAQ
I hereby make demand of $565,759.60 for my injuries, loss, pain and suffering which were in direct correlation with the accident your insured has caused. Please respond back to this demand letter no later than 30 days from the postmarked date. Thank you in advance for your time and consideration of the above claim.
Colorado has no caps on economic compensatory damages, but there are limits on non-economic awards. Pain and suffering is capped at $250,000 (adjusted for inflation), although that amount can increase to $500,000 if there is clear and convincing evidence that an increase is warranted.
On average, a car accident victim with injuries settles their case for about 150% of the value of the economic damage suffered. For example, if a person suffered $20,000 in economic damage, the typical settlement amount would therefore be about $30,000. The actual figure in any particular case varies widely, though.
Explain the specific details or circumstances of your claim. Make sure to mention all the significant facts about the claim. State the amount you intend to claim or the action the reader should take along with the date they must carry out such actions. Attach any documents relevant to your claim.
There is no specific limit to how much compensation a plaintiff can seek in a car accident lawsuit.
I'm Sued for More than My Insurance Coverage In that case, the company will deny or process payments up to the insurance policy limit. You can expect the injured person to come after you by suing you for damages if the insurance company pays less than their damages.
What to include in an injury demand letter The date of the accident. Name of the insured. Policy number, if available. What parties were involved in the accident. Events leading up to and causing the accident. Detailed information regarding economic damages, broken down by category. Explanation of non-economic damages.
Amount Limits Colorado limits non-economic damages in medical malpractice and in most other civil case to $250,000. In claims for injuries not caused by medical malpractice, if there is "clear and convincing justification" for a higher damage award, as much as $500,000 in noneconomic damages is permitted by law.