Receiving a car accident settlement in Omaha can be impacted by several factors. For example, the willingness of the insurance company to give a fair offer, the type of settlement, and the person’s injuries may all affect the timeline. A knowledgeable car accident attorney can guide you through the settlement process to help it move as smoothly and as quickly as possible.
Is there a General Length of Time it Takes to Receive a Settlement?
Settlements are usually processed between 14 and 45 days. The process can generally be expedited by having all of the tax forms available to provide to the payor. An individual can do this by making sure he or she fully reviews and signs all of the required documents to facilitate getting the settlement quickly.
There may be issues such as structured settlements where an individual must wait for a payment. However, settlements for claims involving automobile accidents generally do not have structured settlements.
Another thing to consider is that there could be settlements in exchange for a release of liability. In that situation, the person needs to ensure they provide the necessary documents, sign all agreements, and have their attorney convey those back to the insurance provider of the at-fault party before they can get their settlement. An attorney can further explain how the specific circumstances can affect the length of time it may take to receive a settlement.
Issues that May Arise When Settling an Omaha Car Accident Claim
The most prominent issue a person may experience in negotiating a settlement is an insurance adjuster who does not agree with the degree of damage a person suffered when evaluating the claim. If this happens, the injured party may face consistently low offers in terms of the damages he or she suffered.
That situation prolongs the settlement process because the person has not been offered at fair value which means the parties must continue to negotiate. Once the settlement is reached, it is processed according to the insurance company’s payment protocol and can take somewhere between 14 and 45 days depending on how long it takes to get through their system. An experienced attorney can work to reach a fair settlement in as little time as possible.
Other Important Considerations
When a person is considering settling his or her claim, the injured person should make sure he or she is fully healed from his or her injuries and does not require future medical treatment. Once the injured person signs the documents accepting a settlement, in almost all cases with an insurance company, that is the end of their right of recovery against the at-fault party. Therefore, it is important to have the guidance of a skilled attorney throughout the claims process.
Talk to an Attorney About the Process of Receiving an Omaha Car Accident Settlement
An attorney can help you minimize issues that may result in delays in receiving an Omaha car accident settlement. With their help, you can work to get the money you need in as little time as possible. To discuss your situation, call Berry Law today for a free consultation.