How Long Does It Take For A Settlement?
You got in an accident. You were injured. You spent time in the hospital. You haven’t been able to work, and now you can’t afford your medical bills or a new car. You met with a Los Angeles personal injury attorney. Now, how long does it take for a settlement?
Unfortunately, there is no concrete answer. Some simple cases can be resolved in a matter of weeks, while other cases take years to finalize. The answer varies depending on the specifics of the case, and several factors influence the time it takes to receive your settlement, including:
- The severity of the accident
- The parties involved
- The medical care needed
- The compensation requested
Although an attorney shouldn’t make promises about the exact amount of time it will take to receive a settlement, most cases follow a natural progression.
Ask an experienced attorney what to expect from the settlement process. Call 800-724-6294 today to schedule your initial consultation.
Healing From Your Injuries
The severity of your injuries and the medical treatment needed influence the size of the accident settlement. In some situations, the injuries and recommended medical treatment are apparent quickly. However, it can take weeks or months for some injuries to become apparent. In addition, when there are serious injuries, a full medical plan may not be determined right away.
For example, if the initial treatment fails to cure the injuries, additional treatment, such as surgery, may be required. Most accident settlement attorneys wait until all the health care professionals have completed their treatment before calculating the cost of the medical treatment.
Preparing The Settlement
When you are released from the hospital, you should notify your attorney. At that point, the attorney will begin preparing the settlement. This may include collecting and reviewing your medical records, reviewing the property damage and police report, and calculating the medical bills and lost wages. When it is completed, the accident settlement should reflect the monetary damage associated with your accident and injuries, including:
- Your physical and emotional injuries
- The cost of medical treatment you already received
- The cost of future medical treatment, including physical therapy or checkups
- Lost wages and loss of future earnings
- Pain and suffering
Negotiating And Litigating The Settlement
When the attorney completes the settlement, it is submitted to the insurance company. Most insurance companies respond within one or two months, often challenging some of the information the attorney has included. The insurance adjuster may challenge things such as who was at fault for the accident and the severity of the injuries suffered. The attorney should respond with additional facts and evidence to support the original claim.
Because the attorney wants to obtain the largest settlement possible and the insurance company wants to pay as little as possible, a significant amount of negotiating is required. If the two parties are unable to reach an agreement, the settlement may go to court.
It’s important to communicate your goals with your attorney and to ask your attorney about his or her strategy when you meet. This can help ensure you don’t hire an attorney who will accept the first offer from the insurance company if you are expecting the maximum results.
Contact an attorney who will fight aggressively to obtain the maximum compensation. Schedule your initial consultation by calling 800-724-6294.