How Long Does a Car Accident Settlement Take?
The car pulled in front of you and there was no time to react. Few things equal the anguished sound of screeching tires and breaking glass. And worse yet, you suffered injuries.
If this has happened to you, you have rights. So, after the onsite police inspection and insurance claim damage assessments are finished, it’s time to look into filing an injury compensation claim resulting from your damages. The first question many injury victims ask is, “How long will it take for me to settle these claims?”
Florida Statute 627.4265 states that an insurance company must pay within 20 days of agreeing to settle with the other party. But if they fail to pay by the due date, they must pay 12% annual interest to the claimant.
Make no mistake about it, car accidents can be a complicated situation, particularly because there are so many factors that play into how long it takes to compute and settle a claim. Because every accident is different, the path to resolution varies on the details and facts of the case: Who was at fault? Were there injuries? Significant injuries? Property damage? In most cases, the average case typically takes about four to six weeks.
Having experienced car accident lawyers on your side is an important first step in the process. Your legal team will not only pour through the details of the accident but also be a valuable ally in your dealings with the insurance company.
The process begins after the insurance company reviews the documentation of your medical bills and damages. At that point, the insurance adjuster will offer a settlement, which your legal team can help review and negotiate.
Some of the factors leading to delays in your claim’s settlement include:
Determining and proving liability
Assessing the extent of your injuries and other damages
Assessing the quality and quantity of evidence
Quantifying the negotiated settle amount
How soon the insurance company responds to your claim
Getting proper—and timely—compensation for your physical and mental damages is critical. The back and forth haggling between insurance companies and settlement claims can be more stressful than the accident itself, which is having proper legal representation can help get you a fair settlement.
With more than 56 years of experience, our legal team at Trentalange & Kelley P.A. is committed to making your case personal. From negotiating with insurance companies to aggressively representing your rights, our personal injury lawyers are dedicated to giving you the advantages you need. Call the Trentalange & Kelley P.A. team to get the peace of mind you need at 813-226-1080. Get a free consultation today.