A car accident can put you back financially and physically for a long time. To make up for it, you’ll want to file a claim to get compensated for your losses, even if some of them can’t be replaced by money. Many people want to know when they can expect the money from their claim. Obviously, the quicker, the better, but some claims take more time to settle than others. The average amount of time to settle a simple claim is less than two months. However, you may encounter these setbacks that drag out the time it takes to reach your settlement.
If you ask for a small amount of money, the insurance company will probably have no issue giving it to you. It is when you ask for a large sum that they start to fight against your claim. An insurance company can use many things against you to lower your compensation amount, including stating you were partially at fault for the accident, disputing some of your injuries and damages and using some of your own statements against your case.
Fault determines which insurance company pays for a driver’s damages. If the other driver caused the accident, you can file a claim with their insurance. Unfortunately, fault isn’t always clear. If both drivers have conflicting stories about who was negligent, they may be in for a long ride as things are sorted out.
You should always start the claims process shortly after an accident, but you may not be able to finish it until a little later. Injuries can appear after the collision that can still be clearly linked to it. You’ll want to give yourself enough time to make sure all injuries and damages are accounted for before you reach a settlement. If you take the money too soon, you may not be able to get a latent damage covered.
Most car accident cases don’t go to trial. On the small chance that yours does, you need to be prepared for a longer process. Settling out of court is ideal for both parties to save money and get compensated quicker.
You can always ask a car accident lawyer, like one from Tuttle Law, P.A., for an estimate on how long your claim may take. They can also estimate the worth of your claim and build your case if there are disputes over fault and injuries. Reach out to one if you need help at any point during the process.