Receipt of the settlement check Once we have issued payment for all liens and legal fees, we will issue you a personal injury settlement check for the rest of the balance and send it to your home address. This period usually takes less than six weeks. An important advantage of resolving your case is the speed of resolution. Going to court can be a lengthy process that takes months or even years to conclude. On the other hand, liquidation can provide a faster resolution, allowing you to receive compensation faster.
If you're an insurance company, as is the case with most personal injury plaintiffs, the process of canceling the check is usually fairly quick. Once the agreement is finalized and signed, insurance companies usually send a check within a month. The process of obtaining payment for a personal injury can seem to drag on forever, especially when you have bills to pay and financial losses that cover. However, compared to the time period for resolving a claim, the wait to receive a payment is quite short.
From the moment your claim is resolved, you can often expect to receive the settlement money within a few weeks. The time needed to reach an agreement will depend on several factors, including the severity of the injury, the strength of the evidence showing responsibility, and the willingness of each party to negotiate. The goal is to reach an agreement that will adequately compensate you for your injuries and, at the same time, avoid the time, costs and unpredictability of a judicial trial. Once you, your car accident lawyer, the defendant, and your claim adjusters agree on a figure, the reconciliation process goes through several steps before you receive a settlement check.
This process may take a while to complete. You can usually expect to receive your compensation within a month. However, some insurance companies may delay the issuance of settlement checks for any reason. How long it takes to get a settlement for your personal injury claim depends largely on the facts of the case. Personal injury cases are frequently resolved during the discovery phase, and the negotiation process can significantly affect the schedule.
You will usually receive compensation for a personal injury within six weeks after you accept a settlement. Whether you were injured in a car accident, truck accident, or other type of accident, the settlement deadline is often the same if a serious injury occurred.