The Timeline of a Personal Injury Settlement
After getting injured in an accident and you are not at fault, you can file a claim against the person responsible for the injuries to get compensated. You have a legal right to hold the party liable for the injuries and damages incurred. However, these cases are different, and their timelines differ too. While a personal injury claim can take months to settle, a personal injury case may take years.
Settling the claim quickly should never be an option unless the person at fault or the insurance company offers a fair amount. You could get a low settlement if you do not fully understand the extent of the damages and injuries. Some factors that affect the timeline of a personal injury settlement include the type and extent of the injuries, the readiness of the insurer to pay the length of your recovery, and how long it takes to gather evidence for your claim. Here are the stages of a personal injury settlement timeline.
Consulting the Lawyer
The first and most crucial stage within the timeline of a personal injury settlement is consulting a personal injury lawyer. You will need to take some time to find the best lawyer to help you with seeking justice. After meeting the lawyer, they will ask you questions regarding the accident. They want to know your position and how they will help you.
After the lawyer has understood you, they will start the case. The professional will investigate the accident to determine who is at fault and what caused the injuries. The lawyer will gather every piece of evidence they can get and evaluate how much you are eligible for in the claim.
Continuing with Treatment
As the attorney is gathering evidence, you will need to continue getting treatment since this is also part of the claim. Any new symptoms will be documented so that you can include them in the suit. Your medical details will be a focal point in the personal injury claim.
Filing the Claim
After the lawyer has evaluated the extent of your injuries and identifies the amount of coverage you should get, they will file a claim with the insurance company. Ensure you don’t take a recorded statement unless with the consent of your lawyer. They will also help you write a demand letter expounding on your injuries.
When you file a claim to the company, there are three things you should expect. The insurance firm may accept the claim, deny it or respond with a counteroffer. If the company responds with an offer, it is the first step to starting negotiations. Never accept the initial offer unless it is fair enough to cover your current and future expenses. Otherwise, respond with another offer until both of you agree to a specific settlement.
Filing a Lawsuit
If the company denies the claim or fails to meet your offer, filing a lawsuit may be the last resort. You will need to go to trial for the judge to decide. It may take several years to settle the case based on the abovementioned factors.
The Bottom Line
A personal injury claim can take months, while a case may take several years to settle. The most important thing is to have a lawyer by your side to help you throughout the timeline. Getting fair compensation may take a long time, but the effort is worth it.