There is no information regarding how long it takes for a car accident claim to settle. Many circumstances surrounding your personal injury case will affect your case’s resolution. However, there are some legal deadlines that may give you a better idea of your case’s progression.
For instance, under 215 ILCS 5/154.6, insurance companies must provide you with the forms necessary to make a claim within 15 working days of your request. Additionally, if the insurance company delays your property damage claim for more than 60 days, they must provide a written explanation, per Illinois Administrative Code 919.80(b)(3).
Every case comes with its own set of circumstances. You may hire an Illinois car accident lawyer to help you with the claims process.
Factors that Can Affect Your Case’s Resolution
There are many factors that can affect the timeliness of your case’s resolution.
The Involved Insurance Companies
The insurance company that is involved in your claim can have a significant impact on how long your claim takes to resolve. For instance, if the liable insurance company questions or denies your claim, this may drag out the claims process. Other times, insurance companies employ bad faith insurance practices to deter claimants from recovering compensation. They may deny you coverage, refuse to answer your phone calls, or pressure you into accepting a low settlement.
Additionally, your case’s resolution may be impacted based on whether you are filing a first-party claim or a third-party claim. A first-party claim is one that you file with your own insurance company. A third-party claim is a claim you file with the at-fault party’s insurance company. Sometimes, first-party claims may be resolved more quickly because your insurance company wants to retain your business as a customer.
The Type and Severity of Your Injuries
Car accidents can cause injuries ranging from relatively minor scrapes and bruises to catastrophic impairments. You may not want to settle your claim until you have a full understanding of your present and future medical expenses. Once you accept a settlement offer and sign its necessary paperwork, you will not be able to request more money later on––even if your condition worsens.
Therefore, you may have to wait several months to reach maximum medical improvement before you settle your claim.
Whether You Have a Car Accident Lawyer
If you try to handle your claim by yourself, this may actually delay the financial recovery process. Many responsibilities go into building a car accident claim, including the completion and submission of forms, evidence collection, and other obligations. If you are suffering from severe injuries or do not fully understand the claims process, representing yourself may not be in your best interests.
Having a car accident lawyer may allow you to delegate your claim to someone else while you focus on your recovery.
Whether Your Case Goes to Court
If the insurance company denies your claim, you will need to consider your legal options. You may be able to use an alternative form of dispute resolution, such as attending arbitration or mediation. If these options are not available, you may consider filing a lawsuit against the at-fault party.
In most situations, you have up to two years from the date of the accident to file a lawsuit under 735 ILCS 5/13-202. If you lost a loved one in a collision, you typically have two years from the date of their passing to file a wrongful death lawsuit, per 740 ILCS 180/.
However, there are some situations that may grant you more or less time to file your lawsuit. For instance, if the at-fault party in your situation is a government entity, you may have a shorter window of time to take action. If you do not file your case within the state’s statutory deadline, you could be barred from recovering compensation.
Contact the Kryder Law Group, LLC for Help with Your Case
How long it takes to settle a car accident claim rests on a case-by-case basis. Some claims are resolved within a matter of weeks. Others take much longer. After being injured in a car accident, you may have many questions and concerns regarding your case.
The Kryder Law Group, LLC is ready to help. We provide a free initial consultation to discuss the particular circumstances of your claim. We also handle cases on a contingency-fee-basis, meaning that a lawyer can get to work on your case at no out-of-pocket cost to you. To begin exploring your financial recovery options, call The Kryder Law Group, LLC at (312) 223-1700.