After a serious car accident, people often want to resolve their car injury claims quickly. However, there are several factors to consider when determining how long the settlement process will take and whether it is in your best interest to try to settle as quickly as possible. This article will explain how long your car accident settlement will take depends on how much medical time you spend and how long it takes to negotiate a settlement.
Income from settlements in personal injury cases usually comes from the insurance company of the offending driver. The professional adjusters and other employees of this insurance company will not take care of you, their job is to find an employer and give you as little money as possible. They do not need to pay your medical expenses, lost wages or other accrued expenses. In most cases, you will receive a payment from the negligent carrier, which will permanently and fully compensate your claim.
Before negotiating, you need to complete all medications and get professional medical advice on any permanent injuries. If you resolve the case and later realize that you still need more medical services, or that you can never fully recover, you may not be able to return to the insurance company and ask for more money. In severe car accidents, medical treatment can last for a year or more. These cases may take longer to resolve. In smaller cases, such as those involving an emergency visit, the time to resolution may be faster.
The insurance company also expects you to make a comprehensive and professional claim and negotiate for the maximum amount of compensation. Even in the case of serious injuries and apparent negligence, it is not uncommon for insurance companies to initially refuse all claims or provide only a small portion of the final figure. Quick settlement or acceptance of an initial quote from an insurance company may not be in your best financial interest. In severe cases, it is not uncommon for both parties to spend a few days evaluating final settlement needs or offers before determining the next step.