How Long Does It Take A Lawyer To Reach A Settlement In Car Accident Case?
How Long Does it Take a Lawyer to Reach a Settlement in a Car Accident Case?
A car accident lawyer will never be able to tell you how long it will take for them to reach a settlement in your case. There are many factors that affect the timeline of any car accident case, including litigation phases and unforeseen delays. But in most cases, a fair settlement will take a few months to a year.
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A settlement involves the at-fault driver’s insurance company agreeing to pay a set amount of money in exchange for the injured party’s agreement to not pursue a claim against them for future losses. This is a common practice in the auto industry and can be a good way to get compensation for losses that aren’t covered by a policy.
The amount of your settlement will depend on several factors, including fault and the severity of any injuries you sustained in the crash. You should receive a larger award if you suffered serious, permanent or chronic injuries in the crash.
If you have been seriously injured, you should also be entitled to damages for lost wages and medical bills. These will vary depending on the injury and your current income level.
In some cases, your attorney may also need to work with experts in the field of car accidents to help them paint a complete picture of your case and understand what caused the collision. If your attorney is able to include this information in the settlement demand letter, it will make it easier for them to negotiate with the insurer.
Once the insurer accepts liability for your crash and agrees to a reasonable settlement, it will send you a check. This is usually within a few weeks of the date the settlement offer was sent, but it can take longer.
The amount of time a lawyer takes to settle your case depends on the facts of the incident, the injuries you have sustained and how well you can present your claim to the insurance company. It will take your lawyer a few weeks to send the demand letter to the insurer, and it can take another few months to negotiate.
During this period, your lawyer will collect evidence and consult experts to help them establish that the other party is at fault for the crash. This can include witness statements, police reports and medical records.
After your lawyer has gathered all of the required documentation, they will begin the process of calculating the value of your claim. This will require them to determine how much your property damage costs, the cost of treatment and any other related expenses you have incurred.
Once they have a good idea of the value of your claim, your lawyer will write a demand letter to the other parties involved in the car accident. This letter will outline the scope of your losses, explain how they have impacted your life and why you deserve a higher settlement.
The other parties involved in the accident will typically respond to your demand letter, and a settlement negotiation can then begin. Most insurance companies will have their adjusters evaluate your case and send a written settlement offer to you within a few days of receiving the demand letter. If you are unable to reach a settlement with the insurance company, your lawyer can then proceed with litigation to try and recover the full value of your claim.