Video Gallery/How Is My Case Valued?
How is my case valued?
The system to value your insurance case has changed dramatically over the last decade—find out the impact that you have on your insurance case in the video, or read on!
Insurance companies now rely on medical coding systems, the most common is called Colossus, to value your case. All insurance value systems refer to medical codes used to designate treatments rendered at medical providers. The insurance company then assigns value based on how a particular medical code has played into jury verdicts in the past. Other considerations include:
- Prior medical history
- Liability of the insured in the incident
- Witness reputation
- Quality of witness statement