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On average, the typical settlement can take up to six weeks for processing. This is due to a number of factors and may vary from one case to another.
The average amount of time to receive a settlement check after a release is signed is about five to six weeks. However, several factors can delay this process from the specific process at your insurance company to debts and payments that may hold up your payment.
An attorney may normally hold a settlement check until it clears, which frequently means 7-10 business days. If the attorney is attempting to negotiate on outstanding medical bills or liens, it may take a little longer for the settlement check
As we mentioned before, most injured victims receive their settlement funds within about six weeks from the end of negotiations.
If you and the insurance company are able to agree on a fair settlement, the process to receive your check typically takes around four to six weeks. The insurance company will have you sign a release form.
If your settlement documents do not state a time for payment, it typically takes 1 to 2 weeks for a settlement check to come.
There is a Large Amount of Compensation Involved in Your Case. Your settlement could be delayed because your case involves large damages, or put simply, a lot of money. In this case, insurance companies will delay paying money out on a settlement until they are confident about it.
There is a Large Amount of Compensation Involved in Your Case. Your settlement could be delayed because your case involves large damages, or put simply, a lot of money. In this case, insurance companies will delay paying money out on a settlement until they are confident about it.
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