Once you’ve filed a personal injury claim or lawsuit, there’s a decent chance that settling with the defendant will feel like the best decision. Settling is agreeing to an offered amount rather than taking the case to trial. Settling can make the process much easier, as well as limit the amount you have to pay for lawyer fees, court fees, and any other expenses that go with litigating a case. A personal injury law firm can help you seek a settlement for a variety of cases, from car accidents to medical malpractice. If you’ve been severely injured due to someone else’s negligence, it’s vital that you receive the compensation you need to handle medical bills and other expenses that have come from the accident, and, sometimes, a settlement can accomplish that.
Can the Insurance Company Delay the Settlement?
In order to approve your settlement, you’ll have to sign a settlement release form. The settlement release form will then need to be processed by the insurance company. The standard processing time for a settlement release is four to six weeks. That said, these insurance companies have no desire to spend money and will delay wherever they can. These forms may end up taking months to be processed. The company could blame it on the adjuster taking a vacation or being overwhelmed with claims, for example. The best way to ensure your settlement release is processed in a timely manner is to have a personal injury attorney contact the company and push for the settlement to be expedited.
What Happens if a Lien is Filed Against My Settlement?
Once the settlement check has been cut, the money is required to be placed in escrow. At this stage, if a lien has been placed against the settlement, it will need to be deducted before the funds can be sent to you. There are many types of liens that could be placed on your settlement. Medical bills are probably the most common. If you owe large medical bills from your injury, they will need to be paid before the settlement is sent to you. One of the many benefits of working with a personal injury law firm is that there are certain circumstances where your attorney can try and negotiate down what you owe. Speaking of your attorney, they will also deduct their fees from your settlement before sending. There are many other reasons a settlement check may be delayed. If you think the insurance company is intentionally avoiding payment, you should have our Casper personal injury law office reach out right away.
Is a Personal Injury Law Firm Worth the Money?
People often think they can’t afford the help of a law firm. When you’re going through the stress and pain of a serious injury, money is the last thing you want to think about. That’s why most law offices, including ours, work on a contingency fee basis. This means you don’t pay a dollar until we obtain your settlement. This is a great model as you don’t have to worry about money, and your legal team has an incentive to get you the most compensation possible. If you or a family member was injured due to the negligence of another, you should contact us today. You do not have to handle your case alone.