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Generally, the amount of time it takes State Farm to send a check is much less than the amount of time spent negotiating and actually settling the case. Once an amount has been agreed upon, State Farm will usually send out a check either to you or to your attorney within two to three weeks.
As we mentioned before, most injured victims receive their settlement funds within about six weeks from the end of negotiations. However, additional delays can happen.
In cases where attorneys receive the settlement funds from the insurance company quickly and don't have to pay out much to other agencies or individuals, it can take as little as 1-2 weeks for an injured person to receive their portion of the funds.
If you are wondering, how long does it take to get money from a settlement, you can call the lawyer's office for verification. Most likely, the cash settlement will arrive within six weeks.
Your settlement check may already be in the mail. If you've hired a lawyer, it's common practice for the settlement check and a release form to be sent in one package to the lawyer's office.
$100,000 for future medical expenses. $100,000 for past pain and suffering. $327,800 for future pain and suffering.
State farm agreed to pay all medical bills as well as pain and suffering.
Insurance companies typically multiply the amount of medical bills by a number between one and five to calculate pain and suffering. The more severe and permanent the injury, the higher the multiplier. You, or your attorney, will need to use your best judgment in estimating your pain and suffering.
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