Primary Factors That Affect the Settlement Waiting Period

Being involved in a car accident can be an incredibly stressful and overwhelming experience. Unfortunately, it is also a reality for many Floridians. One of the common questions raised by those involved in a car accident in Florida is how long the claimant will wait to receive a settlement.

According to veteran auto accident injury attorneys, the answer to this question is not easy, as the amount of time can vary greatly depending on the complexity of the accident, the severity of injuries and damages, and which insurance company is involved. Please remember that the insurance companies involved in a car accident are not necessarily in a rush to settle a claim. They may even drag out the process, knowing that the longer they wait, the more likely the claimant will accept a lower settlement offer.

The best way to ensure a quick and fair settlement is to hire a reputable personal injury lawyer knowledgeable in Florida law. Before you seek legal advice, it is best to do your research. This way, you can prepare your questions for the lawyer. Below are the most common factors that affect the timeframe:

Lack of Clarity  

If you are a victim of an auto accident, settling your case can seem overwhelming. A lack of clarity in the case is one of the most common issues that can arise during the settlement process. Unfortunately, this can lead to a longer waiting period for your settlement. 

Seasoned auto accident injury attorneys understand how complex the process can be and why it is critical to have all the facts and details of your case laid out. The more information they have, the easier it is to make an informed decision as to how to proceed with your case.

A lack of clarity in a case can cause the settlement process to drag on for extended periods. The insurance company hesitates to offer before all the facts are known. They may also be reluctant to take responsibility for their insured’s actions if they do not have all the details.

Sometimes, a lack of clarity can lead to a dispute between the insurance company and the plaintiff. If the insurance company is not convinced that the plaintiff is entitled to the settlement amount, they may be less likely to offer a large sum.

A Large Amount of Settlement

When it comes to car accident claims, one of the most common reasons for a lengthy waiting period is the large sum of money that may be involved. When a settlement is reached, the insurance companies, auto accident injury attorneys, and other parties involved must take the time to ensure that the compensation is fair and adequate for all parties. 

The amount of money involved in a car accident claim can vary greatly. It can depend on the severity of the accident, the number of parties involved, and the extent of the damages. Medical bills, sometimes lost wages, and even pain and suffering must be considered. It can make settling more complicated than if there were less money involved.

In addition, the insurance companies and lawyers involved must take the time to review all of the evidence, including medical records, accident reports, and other documents. They must also check any offers that have been made and make sure that they are fair and reasonable. Depending on the case’s complexity, this process can take weeks or even months.

Conclusion

Hiring a seasoned car accident lawyer can be immensely beneficial in ensuring that you get a fair settlement that reflects the extent of your losses. A skilled attorney can provide valuable advice about the legal process, help you navigate the complexities of the legal system, and maximize the value of your claim. Most importantly, they can help shorten the waiting period for the settlement.

If you are looking for a seasoned auto accident attorney in FL, you do not have to look far because Frankel Injury Law is here to help you. We have the training and experience to help you get the compensation you deserve, so schedule an appointment now!