There is no set length of time that is needed for the resolution of a settlement claim. Still, there are 3 factors that can contribute to a lengthening or shortening of that particular time span.
Possible problems caused by factual issues
Sometimes the insurance company does not accept the claimant’s allegations. That could give rise to questions about who should be held liable for damages. This situation often develops in cases where the insurance company has charged the claimant with shared blame.
At times the insurance company indicates that it questions the veracity of the claimant’s report, concerning the nature and extent of the victim’s injuries. It might schedule an independent medical examination (IME).
The timeline gets longer in cases where the claimant is seeking a large amount of money.
The insurance company could introduce delaying tactics, in order to delay arrival of the time when it must come up with a large sum of money. Calls for a thorough investigation could be one of those delaying tactics.
The plaintiff has not yet arrived at the point of MMI (maximum medical improvement).
Smart personal injury lawyers in Citrus Heights tell their clients to refuse any offer that an insurance company has made before the injured victim has arrives at the point of MMI. Until the treating physician has told the patient/victim that his/her condition cannot be improved, there is no way of knowing for sure the true value of the victim’s case. A fast settlement is not always a fair one.
Challenges to the fairness of an early settlement
At the earliest stages of a case, the worth of an injured victim’s case might not be clear. A plaintiff’s chances for being compensated in a manner that represents the full worth of the same plaintiff’s case increases, if the compensation comes after the plaintiff/injured victim has arrived at the point of MMI.
When the injured victim is a minor, it could pay to request an extension of the time before the deadline for filing a lawsuit. A minor could have a serious injury, but also have slow-to-show symptoms. Anytime that a minor has been involved in a car accident, the same minor’s parents should watch for the appearance of noteworthy symptoms.
That is especially true in cases where the youthful victim could have suffered a concussion. If the same youth were to complain about frequent headaches or ongoing nausea, he/she might be on the verge of developing a TBI (traumatic brain injury).
A TBI can cause other symptoms that parents might struggle to identify. A sudden lapse in the ability to concentrate might be blamed on laziness. Unusual behavior might be blamed on childish notions or on the influence of hormones.