How Long Does it Take to Settle a Claim?
The length of time it takes to settle a claim depends on the specifics of the case. Each case is different in many ways. One of the factors depends on the nature of the injuries, the extent of the injuries, and how long it takes the person to become medically stable.
Other issues that pop up, which affect how long a case takes, are how much insurance is available and how much asset is available from the person who is at fault for the injury. For instance, if the person is underinsured or is not insured at all, it will be more of a challenge to arrive at a fair settlement for your injuries.
You Must Be Medically Stable First
If you’ve been injured, you must be medically stable before the case can be resolved fully. Depending on your injury, this could take a long time and therefore it is one of the main reasons settling personal injury cases might take a while.
After you are medically stable, you move on to the process of gathering information, and documenting the injury. Then, after that, you try to negotiate and/or bring the claim. As you might be able to tell, there are many steps in a personal injury case.
Schedule a Free Consultation with an Experienced Fairbanks Personal Injury Attorney Today
Ken, the principal personal injury attorney at Ringstad Law Office, P.C. in Fairbanks, AK, has explained why it is best to wait to settle and why it will not be a short process if you retain their services.