For those who have gone through the trauma of an accident – emotional, physical, and financial – a settlement award distributing proper compensation can serve as something that can work to soothe some of those wounds.
However, it is important to remember that an accident award is part of a process that may sometimes prove to be very long. I always say, its a marathon not a sprint.
It’s essential, then, for people going through this process to remain patient and always remember that an old cliche applies –
“it is marathon, not a sprint.”
There is a distinct timeline that generally goes along with the process that you and your family should have in mind:
After the patient recovery comes one of the crucial steps in the settlement process – the fight between the attorney and the insurance company. This can be a lengthy battle.
Insurance companies by nature are reluctant to just hand out their money and are often prepared with a great deal of legal ammunition – and patience. Insurance companies have a legal budget. The insurance company can afford to wait, the victim usually cannot.
If this fight needs to be extended into legal action, that could further extend the process. At a certain point, if out-of-court actions are proving fruitless, a lawsuit might have to be filed; in that case, the entire timeline could go out even further. Years, not months.
Again, every case is different. Some may be settled rather quickly, while others can drag on forever. There are tons of different factors –
Remember, it’s a marathon, not a sprint.
Generally, though – claims without a lawsuit will usually get settled within 9-11 months of filing. If a lawsuit must be filed, then the process will get lengthened. In that case (on average) the timeline will usually be extended from 2-3 years. We have data to back up these numbers and I have also read independent data verifying similar statistics.
In either case, it is absolutely essential that you enlist the help and assistance of an attorney with a wealth of experience in these cases. At the Smiley Law Firm, we have a team of dedicated and experienced lawyers that will get you the settlement you deserve in the quickest amount of time possible.