How Long After a Demand Letter Does a Settlement Take?
Once you’ve written and sent a thorough demand letter to the insurer of a party liable for your accident, the next question is how long it will take to receive the compensation to which you’re entitled.
While the period it takes to receive money from a settlement varies, you can take a handful of actions to help ensure that you get what you need in a timely manner.
This article will discuss what influences the length of time it takes to recover a settlement and provide advice on how to speed things up.
What Influences the Length of Settlement Processing
A number of factors can either hasten or slow the processing of your settlement following the delivery of a demand letter, including the following:
- The amount of compensation you are requesting
- The workload of the claims adjuster
- Whether your claim provides sufficient evidence and has been well-prepared
- The presence of any ambiguity concerning liability
- The number of employees on staff at the insurer’s office
- Other variables (e.g., the time of year, state of the economy, etc.)
Fortunately, you can also personally quicken the pace at which your claim is settled by following proper procedure.
Some actions you will want to make sure to take include telling your side of the story, explaining why the accident was another party’s fault, detailing all losses and injuries you have suffered, and providing any necessary supporting documentation (e.g., medical records, police reports, etc.).
The less doubt you sow in the insurer’s mind, the more likely you will get the compensation you need before you know it. All in all, some settlements may take weeks to fully resolve, while others may take months or longer.
Partner with a Personal Injury Attorney
If you are considering pursuing a settlement for your personal injury case but don’t know where to start—or when the process will end—you’re not alone. For legal counsel you can rely on to move the process along, contact a personal injury attorney at Craig Swapp & ssociates today. Give our office a call at 1-800-404-9000 or get in touch online via the contact form below.