How Long Does a Car Accident Claim Take to Settle?
An automobile accident’s total influence on your life might be daunting. An accident can inflict not only cause physical harm and damage but also financial stress on the individuals affected. The monetary burden of medical bills and other expenses begins to mount. Furthermore, many people are unable to work following an injury and have no income, that’s why it is important to find out how long it takes for a car accident claim takes to settle.
There are several factors that influence how long it will take to resolve your automobile accident lawsuit according to the Mississippi car accident laws and how much reimbursement you can obtain. It is important to keep in mind that every automobile accident case is different, and the length of time it takes to resolve your case is determined by a variety of circumstances. As a result, it is critical to have a car accident lawyer in Mississippi that can answer your concerns and assist you in obtaining the best possible outcome. The length of time it takes to resolve an automobile accident claim is determined by a variety of circumstances and fluctuates from case to case. Simple instances can be resolved in a matter of weeks. However, more complicated matters might take months or even years to resolve. It is also impossible to anticipate whether your case will be resolved or go to trial. Besides that, many cases do settle out of court as well.
The factors influencing the timeline of the car accident settlement
Evidence of liability
To get a payout from the other driver’s insurance carrier, you must show that the other motorist was at fault for your collision. This work might be difficult, since the other motorist may argue you were at fault and do not deserve compensation. In that situation, your Jackson area car accident attorney can contest these allegations and act on your behalf.
Eyewitness testimonies
If there were several eyewitnesses to the accident and you shared knowledge with them so they could offer statements, you or your car accident lawyer in Mississippi will need to interview a large number of people. This procedure might take months or even years. It may be hard to coordinate with all of the eyewitnesses and have them fulfill their crucial duty at the right moment.
Recovery from injuries
Only when you have fully recovered will you know what your medical bills are and what future medical treatment you may require. You will also have a better sense of what to ask for as compensation for missed wages. A Jackson area car accident lawyer is unlikely to accept a claim until you have fully recuperated and are aware of all the recoverable damages to which you may be entitled.
The severity of the accident
The more serious the accident, the greater the time for a case to be resolved. Insurance companies will research your case and look for every minor piece of information they may use against you to reduce the value of your claim. They may also be slow to propose or pay compensation.
Agreement on a settlement
If you do not reach an agreement with the insurance company, your dispute will not be resolved. If the insurance company refuses to pay a reasonable settlement, this procedure might be extended.
Timeline for receiving a settlement payment
The terms and circumstances of payment will be included in the settlement agreement if you and the other person decide to settle out of court. Those terms will clarify how and when you will be paid back.
- One-time payments are normally made within 30 days of the settlement date.
- Periodic payments compel the liable party to make payments on a monthly or semi-monthly basis over a certain period of time.
How can an attorney help?
It is important to have legal help in this critical situation to avoid future hardships. An expert Mississippi car accident lawyer will be able to appropriately evaluate your claim and estimate its value and will provide a free accident lawyer consultation. Your lawyer will also conduct an impartial investigation into the accident while protecting your rights. He can gather vital evidence from the site, interview eyewitnesses, and collect police records, among other things. Blackmon & Blackmon PLLC vehicle accident lawyers will fight for the cash settlement you deserve while keeping your best interests in mind. Not only that, but we also offer a free auto lawyer consultation. We use our extensive understanding to advocate on your behalf for a fair settlement and a reasonable delivery time. We recognize that getting your settlement check as soon as possible may help alleviate some of the financial hardship caused by your vehicle accident. You can contact Blackmon & Blackmon PLLC car accident lawyer to schedule a consultation.