The length of a personal injury claim is largely dependent on the gap between how much money you require to cover your damages and what the insurance company is willing to pay. While a victim can accept a settlement as soon as it is put forth, early settlements are likely to offer less money. You will have only one chance to claim monetary compensation for your damages and accepting an offer too early can leave needed funds on the table. Below, our blog reviews several factors which can influence the overall amount of time the personal injury claims process may take.
- Liability is disputed: In some cases, there may be overwhelming evidence in your favor and the responsibility for an accident is clear. Most cases, however, will not be straight forward and one or more conflicting stories will often exist. It may be difficult to get an insurance company to pay the full value of your claim if the responsibility for an accident remains unclear.
- Your damages are disputed: The opposing attorney or insurance company may claim that your injuries are not as severe as you claim. For example, if you did not visit the doctor immediately, or the treating physician does not conclusively link your injuries to an accident, your claim may be undervalued.
- Your damages are extensive: Typically, the larger the claim, the longer it will take to settle. At the end of the day, the insurance company is a business that must take profits into account. An insurer will investigate each aspect of your claim and may be looking for any area in which they can justify a reduction in payment.
- Medical injuries are not immediately apparent: One reason why it is critical to visit a doctor after any accident is that certain injuries can take days or even weeks to fully present symptoms. It can take even longer to get a complete picture of how injuries will affect you in the months and years after an accident. Will your potential income be affected? Will you have a reduced quality of life? These questions can be difficult to answer.
- A case goes to trial: Perhaps one of the largest factors in determining the length of your claim is whether your case goes to trial. When the negotiation process breaks down completely, litigation may be the next step. While a courtroom battle can add months to the length of your claim, it may be necessary when an insurance company is not willing to pay a fair amount for your claim.
Injured in an Accident? Call (800) 559-0593
Frustratingly, there is no universal formula to determine how long the negotiation process will take until a fair settlement is reached. However, if you have been injured in an accident through no fault of your own, the Adams Law Firm can help you to efficiently navigate the claims process and avoid common pitfalls. Our attorneys possess more than three decades of legal experience and are members of the Million Dollar Advocates Forum®. If you have questions about your case, get in touch with our Katy personal injury attorneys and discover what our firm can do for you.
Request an initial case evaluation today and tell our firm about your accident.