As a victim of an auto accident, you may be concerned about how long the auto accident settlement process will take. After all, medical expenses and lost income from injuries in car accidents an add up quickly, making it crucial for you to have an idea of when you can expect financial relief. It is important to know that the timeline for getting your settlement check is going to be unique to your case. Your lawyer can tell you when to expect your check.
Each car accident lawyer in our firm, The Kryder Law Group, LLC Accident and Injury Lawyers, understands the urgency of this matter and is dedicated to helping our clients get the fair compensation they deserve as quickly and efficiently as possible.
Settlement Check Timeline
Every auto accident case is unique and there is no one-size-fits-all answer to how long it will take to settle your injury claim. However, there are a few factors that can impact the timeline of your car accident settlement process:
- Severity of Injuries: The more severe the injuries, the higher the medical bills, the longer settlement could take.
- Insurance Coverage Limits: If the at-fault driver’s coverage is sufficient to cover your damages, the process may move more quickly.
- Disputes or Delays: Disagreements over fault, the extent of injuries, or other factors may delay reaching a resolution.
How Long Does an Insurance Company Have to Pay a Settlement?
In Illinois, once a settlement agreement has been reached, the insurance company generally has 30 days to pay out the settlement check.
How Long Does an Auto Accident Settlement Take When It Goes to Court?
In some cases, a car accident case may need to go to court if a fair settlement cannot be reached when your car accident lawyer negotiates with other party. This can significantly extend the timeline of your case as court proceedings can take months or even years to reach resolution.
What Is the Average Time to Settle a Car Accident Lawsuit in Illinois?
The Illinois statute of limitations dictates that a car accident lawsuit must be filed within two years from the date of the accident. However, the actual settlement timeline can vary greatly. According to the American Bar Association (ABA), settlements can take anywhere from a few months to several years depending on the complexity of the case.
At The Kryder Law Group, LLC Accident and Injury Lawyers, we strive to expedite the car accident claim process as much as possible, ensuring our clients receive the compensation they are entitled to in a timely manner.
What Are the Most Common Reasons a Car Accident Settlement Is Delayed?
There are many factors that can impact the settlement timeline cases involving car accident injuries. Here are some of the most common reasons why an insurance claim settlement may take longer than expected:
Lack of evidence: Without sufficient evidence, it can be challenging to prove liability and arrive at a car accident settlement offer. This is why it’s crucial to gather as much evidence as possible right after a car crash.
Disputed liability: In some cases, multiple parties may dispute who the at fault driver is. This can lead to a longer settlement process as further investigation and negotiation may be necessary.
Complex injuries: Severe or complex injuries require more medical treatment and documentation, which can extend the timeline of a case. It’s important to have a thorough understanding of your injuries and the potential long-term effects in order to accurately calculate the compensation you are entitled to.
Insufficient insurance coverage: Limited insurance coverage can lead to disputes and delays in receiving full compensation for damages. This is why it’s important to have experienced attorneys on your side to maximize your compensation.
How We Can Help with Auto Accident Settlements
At The Kryder Law Group, LLC Accident and Injury Lawyers, we have years of experience winning car accident settlements in Chicago and are well-versed in the factors that can impact the timeline of a car accident settlement.
Each personal injury lawyer on our team works diligently to gather all necessary evidence, get medical records, negotiate with the insurance company, and ensure that you receive the compensation you deserve in a timely manner.
Schedule Your Free Consultation
If you have been involved in a Chicago car accident, don’t hesitate to contact us for a free consultation. Our experienced attorneys will provide you with personalized guidance and support throughout the entire process to help you receive the settlement you deserve.
Remember, every case is unique, but with our help, you can focus on your recovery while we handle the legal complexities of personal injury claims and work towards a timely resolution.
(312) 223-1700