Length of time taken for car injury settlements to finalise
When you are in a car accident that is not your fault, you could be eligible for compensation for any costs that come from the incident. For example, you may have to pay repair costs to your car, replacement or repair costs for property that was in the car or involved in the crash, medical costs and compensation for earnings that you lost for not being able to work because of injuries. In some cases, you may be eligible to receive damages for mental pain and suffering caused from the accident.
It is typically the party who caused the accident’s insurance company that will pay for the compensation and make a settlement. The length of time that it takes for you to receive car injury settlements varies and depends on many factors. These factors include the severity of the injuries, amount of vehicle damage, number of persons in the accident and the amount of claims that the insurance company is processing.
If you are making a compensation claim against the insurance company of the person at-fault for the accident then you will need a legal professional to make sure that you give yourself every chance to get the most compensation in a settlement and a fair hearing if the case goes to court.
Most of the time, a settlement will be negotiated between the at-fault party and you with your legal representatives. A judge will preside over the agreement and when the settlement amount has been agreed upon then the insurance provider has an obligation to pay the agreed settlement amount in a certain agreed period of time.
Often there will be a condition of the settlement that if the insurer does not pay the settlement in the time-frame that was agreed upon then the settlement balance will accrue interest. A common window of time for a settlement to be paid is less than 30 days but depending on local laws, this time-frame will be different. Also, insurers will often try to use loopholes to delay paying compensation so your lawyer should attempt to secure a quick settlement payment during the negotiated deal.
Do car injury settlements take long to finalise?
Car injury settlements can take a long time to finalise so contact Accident Advice Helpline to receive a solicitor who may be able to speed up the claim process.
Call or text Accident Advice Helpline on 0800 689 0500 / 0333 500 0993 to make a claim and receive a solicitor who is experienced in car injury settlements.