After an agreement has been reached between your attorney and the insurance carrier, the settlement process will take about two to six weeks.
This is the average amount of time to sign all the documents, get the check, and make dispersements to all appropriate parties involved. There are sometimes exceptions, but the process usually takes about a month.
Does Anything Else Need to be Done Before I see the Money in My Hand?
There are a few steps here:
The insurance company is paying you this sum of money in exchange for your giving up your right to sue for the accident.
Before any money changes hands, they will require you and your spouse to sign a release of liability and return it.
They want to make sure all their I’s are dotted and their T’s are crossed before they pay you anything at all. Read the release carefully. You cannot accept their money, and then sue them for the same accident down the road.
- Your attorney will need to make payment for any medical bills that have not yet been paid in full, and also reimburse any health insurance company that has covered medical expenses for your injury.
- After all the bills are paid, all that remains is your attorneys costs and fees. At McMullin Injury Law, we keep costs as minimal as possible. We don’t charge you for office supplies, time, etc. To us, costs are things that require us to write a check to someone else specifically in the pursuit of your case. Once costs are reimbursed, attorney fees are taken out, and the rest is turned over to the client.
After All of the Other Fees (attorneys’ fees, medical bills, liens, other costs) Will There be Anything Left For Me?
It's your Attorney's ultimate goal is to maximize your recovery. We will do whatever is necessary to ensure that the client comes away as the winner. We won’t take a case unless we add value.
If you don’t need an attorney, we will tell you that up front. We are able to achieve results for our clients that they would not be able to achieve on their own.
It is important to keep in mind that law allows compensation for your injury—which is compensation for lost income, medical expenses, and an amount for pain and suffering. The law does not allow for any injured parties to “get wealthy” from personal injury claims, especially small claims. Your attorney will do the very best for you to make sure you are fairly compensated and get what you deserve.
