A lot of financial things happen fast. Investments are bought and sold briefly, for example, as stock. A case or even a day or two spent looking at economic, political, or financial news shows how fast-moving things can often be.
Insurance settlements are no exception. Depending on the circumstances, a settlement may be quick or in some cases, painfully slow.
If you’ve been injured in a car accident and are now seeking a car accident settlement, how long will it take? We’ll take a look at some factors that can extend that time.
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The Severity of the Case
The length of time it takes to settle a car accident case can vary greatly depending on the severity of the accident and the case. In general, if an accident is minor, with no significant injuries and little property damage, the case can resolve quickly. If the case involves more serious injuries or large dollar amounts, then it may take months, or even years to receive a settlement.
Before beginning the process, it is important to contact an attorney who can calculate damages and review the details of the case. If you’re looking to know more about a car accident lawsuit, you can visit an auto accident attorney linked here.
Time the Case Was Filed
The time that a car accident settlement takes is highly dependent on the time the case was filed. If the case is filed close to its expiration date, the negotiation process could take a significantly longer amount of time.
In cases where the person involved has insurance coverage that is willing to pay the settlement, the process of getting the car accident claim could be much quicker. It could potentially take as little as a few weeks.
Proof and Evidence
The length of a car accident settlement can vary widely depending on the proof and evidence related to the incident. When negotiating a settlement with insurers, victims will need to provide detailed evidence of the accident.
This includes pictures of the scene, police reports, and medical records of their injuries. Without proof, insurers are unlikely to agree to the terms of a settlement. Which can add to the length of the process. Witnesses willing to provide statements can also provide credibility to the victim’s case and can help speed up the negotiation process.
Number of Parties Involved
The number of parties involved in a car accident settlement can greatly impact how long the settlement process takes. If both parties agree to settle out of court, the process can be relatively quick.
On the other hand, with more complex cases, such as those involving multiple vehicles or individuals, the settlement process can take longer. In these cases, the insurance companies may refer to legal counsel to mediate the dispute.
Hire an Expert When Dealing With a Car Accident Settlement
The time it takes to reach a car accident settlement varies widely and is highly dependent on the complexity of the case. With the right guidance and preparation, a settlement can be reached quickly. Auto accident settlement can take a long time, which is why you need to be ready.
Knowing your rights and seeking legal counsel is key to obtaining a time-efficient result. If you have been injured in an auto accident, contact a lawyer today to begin the process.
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Amanda Byers is a graduate of Columbia, where she played volleyball and annoyed a lot of professors. Now as Zobuz’s entertainment and Lifestyle Editor, she enjoys writing about delicious BBQ, outrageous style trends and all things Buzz worthy.