Thank you for your question.
A settlement asks both sides to compromise. When a case settles, generally neither side gets what they really want. You should understand this going into the mediation and temper your expectations accordingly.
Based on what you have communicated above, you have hard economic damages in the amount of approximately $200,000.00. Thus, your base for what you can be expecting the other side to offer coming out the door is probably under that. There might be insurance policy
limit problems in your case as well, which places a separate dynamic into the negotiation. You have not related what the Defendant's insurance policy limits are, so I am not able to analyze that issue for you.
That being said, based on your hard economics of $200,000.00, a fair first demand amount would be $600,000.00 or higher. Thus, the range of your expected settlement should be somewhere between $150,000.00 to $300,000.00.
I give you this range without any knowledge regarding the strength of your case or your medical history or work history. This is just an estimate based on the numbers you have provided me.
I hope this helps you prepare and wish you luck settling your case. Please let me know if you have further questions. Please also consider rating my answer positively so that I am compensated by the website for my work on your question.