If you’ve been injured in an accident that was someone else’s fault, you may wonder, “when will I get my personal injury settlement?” Regardless of where you are in the claims process—whether you haven’t even filed a claim yet or you’ve already signed a settlement agreement—the timeline of personal injury cases isn’t always clear.
Since you’re likely dealing with the financial strain of mounting medical bills, lost wages, and other expenses due to the accident, you’re probably anxious to get that settlement check in your hand.
While there’s no one-size-fits-all answer to when exactly you’ll get that check, some general guidelines can help you understand what to expect. And a Memphis personal injury lawyer can walk you through the process.
Before we dive into when you can expect to receive your settlement, it’s important to understand how it works.
Typically, the process goes like this:
These personal injury phases can take weeks or months to complete, depending on the complexity of your case and how willing the insurance company is to negotiate.
Several factors can impact how long it takes to receive your settlement. Here are a few to remember.
If you incurred serious injuries, it might take longer to reach a settlement. This is because you’ll need to undergo treatment and may need to wait until you’ve reached maximum medical improvement (MMI) before settling. MMI is when you’ve fully recovered from your injuries or have stabilized to the point where further treatment won’t significantly improve your condition.
You don’t want to agree to a settlement before knowing the extent of your injuries and how they’ll affect your life.
If your case is complex, it may take longer to settle.
Examples of complexities that pop up in personal injury cases include:
If the insurance company is unwilling to negotiate, it can prolong the settlement process. Insurance companies are businesses whose primary goal is to pay out as little as possible to benefit their bottom line. If they think they can get away with a lowball offer or deny your claim altogether, they may be less inclined to negotiate in good faith.
While every case is different, there are some general timelines to remember regarding personal injury settlements.
Here’s what you can expect:
While there’s no way to guarantee a quick settlement, there are some things you can do to help move the process along:
Regarding personal injury settlements, there’s no one-size-fits-all answer to when you’ll receive your settlement. It depends on various factors, including the severity of your injuries, the complexity of your case, and the willingness of the insurance company to negotiate.
However, by understanding the settlement process and working with an experienced personal injury attorney, you can help ensure that you receive a fair settlement in a timely manner.
For help navigating Tennessee’s personal injury claims process, contact us today at Pickford Law. We’ll ensure your case flows smoothly and you get the personal injury settlement you deserve.