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  • How long will it take to receive my settlement?

    By giriraj kumawat Last Reply by paulsimon Tuesday September 2021, 17:57 EDT


    Issues that relate to automobile accidents, injuries from a product or premises are termed personal injury cases. The process of getting a settlement involves several investigations, questioning, and in some cases, court sessions. However, as soon as the insurance firm agrees to compensate and give the victim some settlement for an assault, they become eager to hasten the process to get the funds they need for treatment and other expenses.

    Usually, most payments are finalized within a month and two weeks. This is especially the case if you work with a personal injury attorney who will fasten the process and get you the maximum awards for personal injury cases. However, the process of getting a settlement is not as seamless as most people think. You should even not expect it to be as straightforward as the insurance firm dropping the payment like a letter. Truly, you can get your payments within six weeks but the process to get there is not simple. Knowing this will ensure that you have a less stressful experience if you are involved.

    As a start, as soon as you agree with the insurance firm, the concerned attorneys will design some release documents. These documents might be straightforward or contain complex analysis as the case may be. In some instances, your lawyers will request more time to go over the details of the agreement. The negotiations can also be reviewed several times, after which you must sign the agreement when you wish. The next thing after this is to send the signed form to the insurance firm. They will act accordingly and send you a check payable to your lawyer and you. Usually, this shouldn't take much time, but payment delays cannot be overruled. Delay might be due to secretarial mistakes. However, you should get in touch with your lawyer if you experience such.

    As soon as your attorney gets the check, he must proceed to deposit it in a special account where he will be able to withdraw the money. This is a unique step that must not be bypassed under most state rules. When your attorney gets the cash, he must pay some unattended expenses like medical debts. Usually, your lawyer might have used your health insurance services to cater to your health needs which must be settled. If you do not resolve these debts soon, they might pose serious problems to you in the future.

    Lastly, your attorney will deduct your legal fees. This fee must have been arranged and agreed upon at the beginning of the case. The amount depends on the complexity of your case. If you used lots of experts, forensic professionals, or medical record gathering, you should expect the legal fee to be on the high side. Ensure that the legal expert gives you an itemized list of all the expenses to better view how your money is spent. You will get the remainder of the money as soon as all necessary deductions have been made.

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paulsimon replied...

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