If you have suffered injuries in a car accident, you may be wondering, “How long will it take to get settlement money from a wrongful death lawsuit?” The answer depends on the circumstances of your case. A simple case that involves no injuries will be settled relatively quickly. The insurance company may offer a low settlement, which extends the process. A doctor’s testimony may also be needed, to determine the extent of the defendant’s carelessness.
The insurance company of the other driver may take a while to respond to your demand letter. If they reject it, you will have to find another doctor to testify against their negligence. Some insurance companies take extra time to investigate claims, hoping the victim will simply dismiss the lawsuit without pursuing it. The deadline for your claim to be acknowledged is 15 days, but this can take longer if the insurance company feels it needs more time to investigate the damage.
A simple case will often settle quickly, but complicated cases will typically take longer. In a complex case, the insurance company may haggle and refuse to settle, but a good attorney will negotiate on your behalf. When dealing with insurance companies, you should never agree to accept an initial settlement offer if you do not consult a qualified accident attorney. Many insurance adjusters offer a low initial offer before a victim has had time to speak with a lawyer. This initial offer is typically far less than what you are actually worth, and it will take months, or even years, to settle a case. Those who are desperate for cash may take this approach, but experienced accident attorneys know that insurance companies often “lowball” victims early in the process and will not accept an offer unless the injury is severe or permanent.
After the settlement is final, you will likely have to sign a release agreement, which states that you agree not to pursue legal action against the defendant. A release is necessary before the insurance company can distribute the check to you. Despite the lengthy timeframe, it is important to remember that you have a right to refuse a settlement if you are not satisfied with the amount. Taking the advice of a lawyer and a doctor will help you get the settlement you deserve.
Once you’ve filed a claim with your insurance company, the next step is to gather your medical records and bills. This process typically takes 45-60 days, though it may take a little longer depending on the doctors involved. A good attorney will protect you and help you get the settlement money you deserve. Typically, your attorney will draft a release form that you sign and return to them within four to six weeks. The insurance company will deduct your attorney’s fee from your final settlement.
If you’ve filed a claim with an insurance company, you may have received the check. Once your attorney has filed the necessary paperwork, the insurance company will deposit your settlement check into a special trust or escrow account. Once the check clears, your attorney will distribute the settlement money to you. If you’re not satisfied with the terms of your settlement, you can file a complaint with the insurance company.